Insig AI Plc ESG scoring solution delivered to CarVal Investors (8647R)
November 10 2021 - 2:00AM
UK Regulatory
TIDMINSG
RNS Number : 8647R
Insig AI Plc
10 November 2021
10 November 2021
Insig AI plc
("Insig AI" or the "Company")
Insig delivers ESG scoring solution to support CarVal Clean
Collateralised Loan Obligations ("CLO") Product Line
Insig AI plc (AIM:INSG), the data science and machine learning
solutions company providing ESG solutions to the asset management
industry, is pleased to announce that it has now delivered its ESG
scoring tools to CarVal Investors, L.P. ("CarVal"), a global
alternative investment manager, to support its risk scoring
methodology. This follows the Company's previous announcement
"Insig to support CarVal Clean CLO Product Line" released on 23
July 2021.
Insig AI's ESG solutions supports CarVal's ESG risk assessment
model measuring each asset across six themes:
1. Climate Change, including carbon emissions and carbon footprint
2. Natural Capital, including raw material sourcing and water stress
3. Pollution, including toxic emissions and waste
4. Human Capital, including health and safety and labour management
5. Product Liability, including product safety and consumer financial protection
6. Corporate Governance, including ownership and board (structure/composition)
These measurements have been utilised to create a composite ESG
risk assessment that is then comparable at an individual credit and
portfolio level.
Lucas Detor, a managing principal of CarVal Investors, said: "At
CarVal, we believe ESG risks can have a material impact on the
performance of credit investments. The creation of this
ESG-compliant platform now enables us to measure ESG risk at an
issuer and portfolio level to create a unique and attractive
product for investors. This strategy aligns with our long-term
goals of reducing the cost of capital for ESG-minded companies by
creating an independent, auditable and comparable risk assessment
model. We are pleased that Insig AI has helped put us in pole
position to deliver a unique and optimal product for both investors
and for society."
Steve Cracknell, CEO of Insig AI, said: "We are delighted to
have worked on this ground-breaking product line with CarVal
Investors. Today's news is the culmination of a long collaboration.
We look forward to working with CarVal on its other fixed income
offerings."
For further information, please visit www.insg.ai, or
contact:
Insig AI plc
Steve Cracknell, CEO Via SEC Newgate
Zeus Capital Limited (Nominated Adviser Tel: +44 (0) 203 829 5000
& Broker)
David Foreman / James Hornigold
SEC Newgate (Financial PR) Tel: +44 (0) 7540 106
366
Robin Tozer / Tom Carnegie / Richard Email: insigai@secnewgate.co.uk
Bicknell
About CarVal Investors
CarVal Investors is an established global alternative investment
manager focused on distressed and credit-intensive assets and
market inefficiencies. Since 1987, CarVal's team has navigated
through ever-changing credit market cycles, opportunistically
investing $128 billion in 5,525 transactions across 82 countries.
Today, CarVal Investors has approximately $10 billion in assets
under management in corporate securities, loan portfolios,
structured credit and hard assets. For more information, visit
www.carvalinvestors.com.
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