ESG rating system launched based on UN goals Wealth ProfessionalESG rating system launched based on UN goals Wealth Professional
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Vartolomei founded the company to provide investment research reports, but then approached Cambridge to help her automate it. It took them three years to research and develop Sevva so that it could provide targeted ESG output.
The platform, backed by the United Kingdom government, is a business to business model, which doesn’t offer direct access to retail clients. Vartolomei is currently doing soft launches with various financial industry users and working with British financial advisors to tailor it. She wants to engage institutional investors throughout the globe, but doesn’t yet have a timeline to accomplish that. She’s also working on augmenting the system.
“We’re providing the first part of our ratings, which is impact, but then we’ll add the other side of the story, which is the risk view on a company,” she said.
She also noted that 45,000 of the 70,000 companies – 65% – that Sevva has listed are not addressing climate change.
“I want to make this impact assessment available to everyone,” said Vartolomei, “because I strongly believe that, unless everyone has access to this type of tool, we are not going to make a significant move towards sustainability assessment or sustainability in general.”