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(Alliance News) - Insig AI PLC on Friday said it has signed a deal with alternative investment manager Caval Investors to support Carval Clean's CLO product line.
Shares in Inisg AI were up 5.1% at 82.50 pence each in London on Friday morning.
Insig AI will combine its environmental, social and corporate governance tools with CarVal's proprietary Environmental, social and corporate governance risk scoring methodology and apply this to the future CarVal Clean CLO product line.
London-based Insig AI is a data science and machine learning solutions company serving the asset management industry.
"The launch will mark the first deployment of Insig AI's and CarVal's jointly developed ESG technology. This new technology will enable asset managers to develop and execute a high-performing, data-led ESG investing strategy by providing transparent and evidence-based ESG scoring and interrogation whilst also allowing for comparison to relevant benchmarks," the company said.
"When launched, the CarVal Clean CLO platform will underscore the powerful role that our innovative, jointly developed ESG scoring and interrogation tool can play in enabling both investment and asset managers to develop and execute a data-led ESG investing strategy, for which there is rapidly growing demand at present," said Chief Executive Steve Cracknell.
Insig ESG say it is also currently being validated by a number of other potential asset manager clients in the UK and internationally.
By Amrit Sahota; newsroom@alliancenews.com
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