Confluence and S&P Global Trucost announce ESG collaboration

Confluence Technologies Inc., a leading global tech solutions provider, has reportedly partnered with Trucost, a leading provider of environmental and carbon data and risk analysis. The partnership consolidates the cloud-based Revolution platform of Confluence with Trucost’s data to offer a comprehensive solution of regulatory reporting and ESG analytics.

The consolidated provision will help clients assess their ESG exposure to usual factors and recognize transformative solutions for a sustainable global economy. The service provision comprises compliance monitoring across Taxonomy and EU SFDR along with ex-post and ex-ante portfolio analytics into a wider regulatory framework consolidated to a wide array of benchmark and portfolio analyses.

According to Todd Moyer, the President and Chief Operating Officer of Confluence, the combined Trucost and Revolution offering is a distinct solution for the investment management sector with stricter regulations around sustainable investments and ESG.

Trucost is a part of S&P Global and it has been evaluating risks pertaining to natural resource constraints, climate change, and broader social, environmental, and governance factors since 2000. Confluence has found a solution to directly integrate into its Revolution platform’s ESG module.

Revolution is a cloud-based platform that provides crucial analysis of performance, portfolio, attribution, compliance, and risk. It assists clients in reducing costs, controlling investment decisions, and enhancing client communication.

As a global provider of technology solutions to the investment management sector, Confluence assists clients in solving complex challenges pertaining to investment data across the back, middle, and front office.

From regulatory and financial reporting solutions to inventive portfolio analytics, the company invests in state-of-the-art technology, data as well as in its industry experts team to cater to the evolving needs of service providers and asset managers.

For the record, Confluence is headquartered in Pittsburgh, Pennsylvania and services more than 400 clients across 40 countries, with locations across North America, Europe, Australia, South Africa, and Asia.

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