Financial data and technology provider IdealRatings and FinTech GRMA announced today a new collaboration aimed at providing a complete and cost-effective ESG data and reporting solution.

The collaboration combines IdealRatings’ global ESG data coverage, including 350 ESG indicators for 40,000 companies, with GRMA’s SaaS solution for data aggregation, data curation and outsourced reporting.

Michael Poisson, Managing Director of IdealRatings, said:

“We are excited about collaborating with GRMA because their unique offering enables clients to leverage GRMA’s cutting edge SaaS-based technology, cloud infrastructure and proprietary processes to quickly and cost-effectively implement ESG analysis and reporting without licensing software, a lengthy implementation or hiring additional staff.”

According to the companies, the need for quality ESG data and reporting has become critical and compelling, as asset managers, corporates and other organizations face increased ESG challenges. Additionally, companies must now address a range of accelerating ESG reporting and disclosure requirements as part of implementing a sound ESG program.

Samuel Won, CEO of GRMA, said:

“Firms are struggling to obtain and manage ESG data and to perform necessary and complex ESG reporting in accord with standards such as SFDR, GRI and UNPRI. We believe GRMA and IdealRatings are ideally suited to assist companies of all sizes to meet their ESG goals by leveraging IdealRatings’ extensive ESG data (that includes 350 ESG indicators for 40,000 companies representing 95% of global market capitalization) combined with GRMA’s extensive data management and reporting experience working with publicly traded as well as private investments.”