Frankfurt-based fintech Arabesque S-Ray GmbH, a sustainability data provider, is renaming itself ESG Book GmbH the company announced. Incubated by London-based Arabesque Group in 2018, ESG Book combines AI technology and research to make environmental, social, and government (ESG) data more widely accessible across financial markets. The ESG database includes 25,000 companies worldwide used by leading financial services firms that oversee a combined $120 trillion in assets.
ESG Book received funds from DWS, Allianz and the Landesbank Hessen-Thüringen (Helaba). The move gives the startup the name of its main product, ESG Book, a collection point for sustainability data.
“Six months ago, we founded ESG Book to solve a fundamental problem. According to the release, financial markets lack access to high-quality ESG data,” said Daniel Klier, chief executive officer of ESG Book. The decision to rebrand reflects “the evolution and growth of our business and changing client demand, with ESG Book becoming the central marketplace for all of our products.”
ESG Book’s CEO Matthias Huebner had already announced the plans for the ESG database in issue 3/2021 of FONDS Professionell. The founders of Arabesque Holding had been accused in media reports of having contacts with questionable business people. The company had denied this.
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