BlackRock partners with RepRisk to adds private company ESG risk data to eFront
In line with BlackRock’s commitment to provide enhanced environmental, social, and governance (ESG) data and analytics, is is now offering access to ESG risk data on thousands of private companies to clients of the firm’s eFront technology solution.
The comprehensive dataset, provided by RepRisk, an ESG data science company, gives eFront clients the ability to proactively identify ESG risk exposure in private investments to create a holistic view of risk across their portfolio.
eFront is BlackRock’s end-to-end technology platform for alternative investments offered as a standalone solution or as a combined solution with Aladdin, BlackRock’s operating system for investment managers. RepRisk’s timely and actionable ESG risk metrics and incident data will now be available to eFront clients through its Insight platform, which provides detailed, granular investment and benchmark data on funds and private companies. RepRisk’s independently sourced ESG data, which uses both artificial intelligence and human analysis, bolsters the capabilities provided by eFront to support enhanced decision making and investment oversight in a single solution.
“Enabling our clients to proactively identify ESG risks and exposures for private companies in their portfolios is key to better risk-adjusted returns,” says Melissa Ferraz, Managing Director at BlackRock and Global Head of eFront Insight. “Working with RepRisk on this effort is the latest example of our shared commitment to increase access to sustainability data for our clients.”
“We are proud to partner with BlackRock and to provide our data through eFront, enabling risk-focused assessments across the full spectrum of ESG, including climate related risks, environmental degradation, human rights, labor standards, and corruption,” says Alexandra Mihailescu Cichon, Executive Vice President of Sales and Marketing at RepRisk. “We believe that providing investors with consistent, material, publicly sourced data is paramount for comprehensive risk management and holistic investment decisions. As the only ESG data provider to systematically cover private companies, we are thrilled to support the alternative investment industry’s significant step forward in sustainable capital allocation.”