REACH
Insig AI plc
("Insig AI" or the "Company")
Launch of Transparency and Disclosure Global
Index
Insig AI, the data
science and machine learning business, is pleased to announce that
it has today released its global version of the Transparency and
Disclosure Index (TDI). Covering over 2,300 of the world's
largest listed companies, it takes stock of which documents
companies are publishing and benchmarks their levels of governance
and sustainability disclosure.
With the
advancements in benchmarking and scrutiny, regulators and investors
are adding new powers to their radar that mean companies can no
longer fly below it. Agnostic to 'green' vs 'dirty' sectors,
companies are recognised for making certain information available
for accountability and trust and showing readiness for emerging
regulation.
The
platform uses dynamic statistical benchmarking against the global
universe and sector peers. The index is live and responsive;
as soon as a company is added, the ranking updates.
The TDI's
transparent scoring highlights strengths and gaps in reporting,
with granular and actionable insights. It signposts to best
practice examples and links directly to the evidence-base of Insig
AI's database of c200,000 machine-readable corporate reports. This
benchmarking ability, extensive database and machine-learning and
AI-assisted research tools make the TDI Global a powerful and
highly flexible asset for corporates, regulators, consultants and
analysts.
How it works:
The TDI is
scored on six criteria, one of which is whether certain key
documents have been published on the website. These include
reports, policies or statements on pay gap/diversity, modern
slavery/human rights and business ethics/conduct.
Scored out
of 100, a TDI result above 70 indicates a company is close to
meeting stakeholders' corporate reporting expectations. A score
below 50 is evidence of significant and multiple gaps in
disclosure, lagging against expectations driven by reporting
standards and the benchmark.
Distribution of TDI results for the world's
largest companies, with 59% failing to meet expectations and
21% lagging
significantly:
The
results reveal that 59% of mega and large-cap companies fall below
the 70 mark and 21% are lagging significantly. These are companies
with over $200 billion and
$10 billion market cap respectively.
A breakdown is provided in Appendix 1.
Diana
Rose, Head of ESG Research at Insig AI commented:
"With
this year's exponential advancements in open-source AI, regulators
and investors are now armed with the tools for benchmarking and
scrutiny that means companies can no longer fly below the radar on
transparency, disclosure, accountability and greenwashing. This
goes well beyond sustainability reporting which is finally being
regulated."
Richard
Bernstein, Chief Executive of Insig AI commented:
"Corporates,
regulators, stakeholders and market participants all need
evidence-based criteria for assessing the enormous array of
non-financial disclosures. A generation ago, the same applied to
financial reporting and accounting standards. Now the time has come
to use the same rigour to non-financial disclosures. We have spent
the last three years preparing for this time. Our Global TDI
empowers users with evidence-based access to a rich machine
learning database and generative AI toolset covering the universe
of non-financial disclosures and reporting."
Access
to the Global TDI is available at:
https://tdi-demo.insg.ai/
Appendix
1
The
TDI's stocktake shows that more than one in five of the overall TDI
universe have failed to publish a single one of these documents
within the last three years.
Breakdown
of overall TDI Global results by 6 scoring components. 22% of
companies have failed to publish key documents on pay
gap/diversity, human rights and business ethics conduct within the
last three years:
For further
information, please visit www.insg.ai or contact:
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