Datamaran (United Kingdom)
In the sociSDG project, Datamaran will focus on the SDG8: DECENT WORK AND ECONOMIC GROWTH.
Datamaran is the global leader in Software as a Service (SaaS) solutions for non-financial risk management.
Datamaran’s Artificial Intelligence replaced manual data analysis, expensive consultants and statistically under-representative surveys that used to be the stumbling blocks of traditional materiality analysis.
Depending on a company maturity level, Datamaran is used for benchmarking, materiality analysis, annual sustainability and integrated reporting, enterprise risk assessment and management, which ultimately guide corporate strategy. The end goal is to help companies to embed non-financial issues into business in a resource-efficient way.
Carefully supported by the team of data scientists as well as ESG and risk experts, the software tracks 100 non-financial topics by sifting and analyzing millions of data points from publicly available sources. The sources include corporate reports (financial, sustainability reports as well as SEC filings), mandatory regulations and voluntary initiatives, as well as news and social media. The Natural Language Processing (NLP) technique - that analyzes text (narratives) and derives meaning from human language - is then applied to these data sources to extract comparable information.
As a result, the platform provides with an evidence-based perspective into regulatory, strategic and reputational risks as well as reporting patterns relevant for a particular company.
The insights Datamaran users gather are used across multiple business teams (governance, risk, compliance, sustainability) to identify and monitor risks and opportunities and to inform corporate strategy.
Datamaran enables a business process for continuous issues monitoring fully owned by the sustainability and risk teams. It harnesses technology to support decision-makers with an improved materiality analysis process – one that seamlessly integrates into Enterprise Risk Management (ERM) and corporate strategy.
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