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    TIETO   FI0009000277

TIETOEVRY OYJ

(TIETO)
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TietoEVRY Oyj : launches new partnership with FinScience to offer ESG scoring through the WealthMapper platform

05/11/2021 | 02:34am EDT

Published: 11 May 2021

As of today, TietoEVRY WealthMapper customers will be able to see Environmental, Social and Governance (ESG) scores, broken down into the 17 United Nations Sustainable Development Goals, across their investment portfolios. This visibility will allow investors to understand where they are investing and what impact those investments may have on the world.

This new partnership comes as a response to regulatory changes, with governments around the world implementing standard processes and incorporating ESG requirements into laws and regulations.

ESG compliance and investing has become a very important topic for investors, customers, and the world at large. The Nordic market is especially forward thinking in relation to sustainability and ESG investing.

With this partnership, TietoEVRY WealthMapper customers will be able to provide end users with ESG scores across their portfolios. Users will immediately be able to see the ESG performance of their holdings and what environmental and social issues they may have exposure to.

'Incorporating these ESG scores into the WealthMapper platform will provide additional value to our customers and strengthened our position as a sustainable organisation that delivers new services, concepts and innovations to the market. The Nordic region is a leader when it comes to sustainability and this partnership will allow TietoEVRY and its customers to stay at the forefront of this trend,' says Sameer Datye, Head of Insurance and Wealth Solutions at TietoEVRY

'With TietoEVRY we are aligned on the fact that measuring ESG performance only through traditional in-bound information could lead to an incomplete assessment, as data is partial, and the nature of such disclosure is strictly connected to the particular reporting framework chosen by the company. Therefore, integrating this assessment with the analysis of great amounts of external alternative data generated by company stakeholders, provides a more complete picture of corporate ESG performance,' says Paul Holleran, International Business Manager at FinScience.

FinScience collects two million documents, pages, and other sources of information daily, and their sophisticated Artificial Intelligence analyses this information to provide accurate ESG scores that represent a factual picture of a company's ESG performance. These scores are provided by FinScience alongside sector averages and global averages.

TietoEVRY WealthMapper platform lets you leverage a powerful range of partners within our ecosystem to deliver new retail wealth management services. The modular digital toolkit utilises the latest developments in technology and distribution to speed up innovation and time-to-market. Learn more about WealthMapper

For additional information, please contact:

Sameer Datye, Head of Insurance and Wealth Solutions at TietoEVRY, e-mail: Sameer.datye (at) tietoevry.com

Paul Holleran, International Business Manager at FinScience, e.mail: paul.holleran(at)finscience.com

About FinScience

FinScience is the fintech company of the Datrix group that collects, interprets and weighs Alternative Data from various digital sources and mixes them with traditional datasets for advanced monitoring and investment purposes, in order to improve the actions of Asset Management, Wealth Management, Investor Relations, Credit & Risk Management, and ESG Management. FinScience was founded in 2017 by Google's former senior managers and it represents the merger of the world of Finance and the world of Data Science through Augmented Analytics solutions applied to Investing activities. www.finscience.com/en

About TietoEVRY

TietoEVRY creates digital advantage for businesses and society. We are a leading digital services and software company with local presence and global capabilities. Our Nordic values and heritage steer our success.

Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY's annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs. www.tietoevry.com

Disclaimer

TietoEVRY Oyj published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 06:33:06 UTC.


© Publicnow 2021
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Sales 2021 2 810 M 3 347 M 3 347 M
Net income 2021 273 M 326 M 326 M
Net Debt 2021 647 M 771 M 771 M
P/E ratio 2021 11,3x
Yield 2021 5,65%
Capitalization 3 095 M 3 688 M 3 687 M
EV / Sales 2021 1,33x
EV / Sales 2022 1,27x
Nbr of Employees 23 724
Free-Float 78,6%
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Average target price 32,00 €
Last Close Price 26,14 €
Spread / Highest target 33,9%
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Kimmo Alkio President & Chief Executive Officer
Tomi Hyryläinen Chief Financial Officer
Hans Tomas Franzén Chairman
Ari Järvelä Head-Operations
Salim Nathoo Deputy Chairman
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