The Caspian sea is the world’s largest inland body of water, and combines characteristics common to both seas and lakes; over 130 rivers flow into the Caspian and the area is rich in natural resources including oil fields and natural gas supplies. Something similar happens with Caspian, the new research tool released by eRevalue. Using Big Data Analytics and Natural Language Processing (NLP) helps people navigate emerging economic, environmental, social and corporate governance (EESG) issues.
A simple new research tool that mines data in tens of thousands of corporate reports will help users find and understand new issues facing today’s businesses: this is what eRevalue had in mind when they released Caspian, the powerful little brother of eRevalue’s Datamaran™, a business intelligence software that provides companies with near real-time analytics on emerging economic and ESG (EESG) risks and opportunities. This new prodoct provides access to a global repository of 40,000+ corporate reports enabling users to access highlighted passages within these reports where specific business risks and opportunities are discussed. Moreover, Caspian gives analysts, investors, journalist, academia and NGOs access to corporate filings to quickly understand what’s on companies’ radar – and sometimes more importantly, what isn’t.
The past months have seen some big developments for corporate reporting, including the establishment of the Financial Stability Board (FSB) and its industry-led Task Force. The taskforce chaired by Michael Bloomberg will develop financial disclosures on climate risk. Bloomberg said: “Managing climate-related risk is increasingly critical to financial stability, but it can’t be done without effective disclosure. The recommendations from the Task Force will increase transparency and help to make markets more efficient, and economies more stable and resilient.”
Consequently, the assessment of these “new” risks is becoming essential: Caspian is designed to do exactly this. With insights from 6,100 global companies and their complex value chains, users will be able to identify climate risks and others. Specifically, they will be able to identify who is most and least prepared for emerging regulations such as the EU Directive on Non-Financial Reporting or the UN Sustainable Development Goals.
Caspian is simple to use and enables users to save the time and money they would otherwise spend on manual research. Its analytics functionalities help users to uncover insights not visible to the human eye. Users will be able to focus on selected industries and regions and will have access to comparative data: e.g the extent to which companies within an industry and region are emphasizing issues such as climate risk and the top issues within specific industries and regions. Caspian has an expanding catalogue consisting of more than 41,000 reports from 6,100+ companies published over the last 5 years. These include Annual Sustainability Reports, Annual Financial Reports and SEC filings. This functionality makes Caspian attractive not only to analysts and investors, but also to users ranging from academics and analysts to consultants, journalists and lawyers.