ESG Insights from Alternative Data: Lessons from Seneca ESG & Eagle Alpha Hackathon

Seneca ESG led Team Stoics in the third Eagle Alpha Data Hackathon in May 2021.

As more corporations and funds commit to a net-zero economy and investment strategies, the Eagle Alpha Data Hackathon posed the challenge of how investors may get reliable ESG ratings free of greenwashing, social washing and huge gaps in governance reporting.

The theme of the hackathon was to use alternative datasets to arrive at ESG insights that solve for gaps, or show differentiated and new insights, versus established ESG frameworks.

Seneca ESG worked with recognized data vendors to develop new insights on two representative public companies. We collaborated with six esteemed data vendors, namely Accern, Arabesque S-Ray, Carbon4Finance, Owl Analytics, Revelio Labs, and S-Factor. Within two weeks of preparation, our team processed all obtained data and produced ESG performance insights on two selected companies.

The article highlights the challenges and lessons of working with diverse ESG datasets and distilling high quality insights from the data mix. Read the full version here.