Arabesque S-Ray has partnered with Allianz X, Commerz Real AG, DWS Group, and Land Hessen for environmental, social and corporate governance (ESG) data.
The new partnerships will allow Arabesque S-Ray to enhance its client relationships and expand its business by developing new ESG data products and services, including S-Ray Real Estate, an artificial intelligence-based tool for evaluating the sustainability of real estate objects.
The technology will use traditional data sources on an asset-level, together with new emerging digital sources from the internet of things sensors and devices within buildings.
Andreas Feiner, CEO of Arabesque S-Ray GmbH, said: “The demand for ESG data and services is increasing exponentially. Our partnership with three of the leading financial institutions in Germany, together with the state of Hessen—with its focus on sustainability and technology—will enable us to meet this global demand from Frankfurt.”
Nazim Cetin, CEO of Allianz X, commented: “Allianz’s commitment to ESG issues means we integrate ESG into our core business decisions. Our performance in the Dow Jones Sustainability Index reflects this, with Allianz topping the list as the most sustainable insurer in 2018 for a second consecutive year.”
