Responsible Capital (RC) ESG taxonomy
Responsible Capital (RC) ESG taxonomy
RC-ESG Taxonomy is a cutting-edge solution designed to address the specific challenges faced by ESG professionals in the investment research, data management, credit and ESG ratings agencies, risk management, knowledge and content management, stewardship and engagement, and management consulting industries. These professionals are often inundated with vast amounts of ESG-related data, making it difficult to find relevant information and put it into context. As the field of ESG continues to evolve, the need for educational and professional training in this area also grows, adding further complexity to the already overwhelming data landscape.
To tackle these obstacles, Neural Alpha offers an enterprise-grade information architecture that streamlines ESG Data Strategy. The heart of this solution is a constantly growing machine-readable ESG AI Language Model, supported by human intelligence, that curates and categorizes over 1,000 ESG concepts. This professionally researched and curated taxonomy adheres to the W3C SKOS standard (Simple Knowledge Organization System) and ensures that the ESG analysis benefits from real-world semantics.
The ESG taxonomy includes poly-hierarchical structures that allow for multidimensional and interconnected analyses of ESG data. Alongside the structured organisation, descriptive attributes are provided, including Preferred Labels, synonyms, and concept definitions, enhancing the precision and depth of understanding.
One of the significant advantages of RC-ESG taxonomy is its versatility. It covers a wide range of languages, supporting over 100, and accommodates various data formats, including XLXS, CSV, JSON-LD, Turtle, RDF, and XML. This adaptability enables seamless integration of diverse data sources, such as disclosures, ratings, asset data, prospectuses, research, geospatial information, and more.
Furthermore, RC-ESG emphasizes adhering to common standards and principles, ensuring that data becomes FAIR (Findable, Accessible, Interoperable & Reusable). By doing so, ESG professionals can easily locate relevant data, access it efficiently, and employ it in various applications, from Natural Language Processing (NLP) and search to document tagging, data cataloguing, and Knowledge Graph analytics.
The comprehensive coverage of ESG concepts in RC-ESG spans across material risks, pollution types, planetary boundaries, industrial processes, and many other areas relevant to the ESG landscape. The system enables users to map their data to key global taxonomies, frameworks, and standards, ensuring alignment with EU Taxonomy, World Bank Themes, UN Sustainable Development Goals (SDGs), Task Force on Climate-related Financial Disclosures (TCFD), Task Force on Nature-related Financial Disclosures (TNFD), UN Global Compact, Sustainability Accounting Standards Board (SASB), Climate Bonds Initiative, and others.
Moreover, RC-ESG leverages Open Source Knowledge Graph mappings to DBpedia and Wikidata, as well as taxonomy mappings to specialist thematic taxonomies like GEMET and AGROVOC. These connections enhance the scope and depth of analysis, allowing ESG professionals to draw insights from a broader knowledge ecosystem.
In summary, RC-ESG empowers ESG professionals with a comprehensive and intelligent platform that not only streamlines data management but also fosters a deeper understanding of the intricacies and implications of ESG-related information. By providing a robust and accessible framework, RC-ESG supports professionals across industries to make well-informed decisions, align with global standards, and contribute to sustainable and responsible practices.
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