{"id":82435,"date":"2024-02-15T00:00:00","date_gmt":"2024-02-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/ifc-opens-access-to-its-ai-powered-esg-market-analysis-platform-malena\/"},"modified":"2024-02-15T00:00:00","modified_gmt":"2024-02-15T00:00:00","slug":"ifc-opens-access-to-its-ai-powered-esg-market-analysis-platform-malena","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/ifc-opens-access-to-its-ai-powered-esg-market-analysis-platform-malena\/","title":{"rendered":"IFC opens access to its AI-powered ESG market analysis platform Malena"},"content":{"rendered":"

SUSTAINABILITY-<\/p>\n

IFC launches AI-powered ESG market analysis <\/strong>tool<\/strong>: <\/strong>The International Finance Corporation has launched a new ESG-focused, AI-powered platform dubbed Malena which aims to help investors extract insights from previously unstructured ESG information on emerging markets and make speedy investment decisions, according to a statement<\/a>. The new tool will leverage 15 years of market data and help fill a gap for investors looking to tap developing countries\u2019 ESG sector \u2014 where there is a lack of disclosure regulations or coverage by data providers \u2014 by enabling access to intel on emissions output, gender data, and sentiment insights. <\/p>\n

How will it help? <\/strong>The platform will process hundreds of pages of data \u2014 including annual reports and corporate policies \u2014 against over 1k ESG terms, predicting sentiment with an accuracy of 91%. For instance, an asset manager exploring potential investments in a company could upload 600 pages of the company's annual reports and policies on the platform, which could then promptly identify that the term \"fraud\" is commonly mentioned in those documents. The asset manager could then delve deeper into the occurrences of this term within the original documents to gain additional context. This information could be valuable in initiating a discussion with the company's leadership regarding governance controls.<\/p>\n

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GREEN TECH-<\/p>\n

KSA turns to space monitoring to tackle climate change: <\/strong>Saudi Arabia is using space observation tech to better monitor the environment and measure the effect of its efforts to combat climate change, The National<\/a> reports. The country will use space monitoring to track the impact of its Green Initiative to plant 10 bn trees to offset the effects of climate change. The country will use Earth observation and remote sensing satellites to measure the changes that take place as the trees are planted, Advisor to the chief executive of the Saudi Space Agency Mishaal Ashemimry said.<\/p>\n

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THERMAL ENERGY-<\/p>\n

Moroccan <\/strong>cheese company launches new green energy unit: <\/strong>The Moroccan branch of Bel Group has inaugurated a new unit for producing energy from biomass at its factory in Tangier, according to a (watch, runtime 0:35)<\/a>. The MAD 30 mn unit<\/a> uses a boiler that generates steam by heating olive residues, providing 80% of the factory\u2019s needs for organic thermal energy. <\/p>\n

Morocco has more plans for biomass energy: <\/strong>Swedish green hydrogen developer S2H2+Bm has announced plans to develop solar energy and biomass generation projects<\/a> in Morocco in a bid to establish a large-scale green hydrogen plant in the African country by 2030.<\/p>\n

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NUCLEAR ENERGY-<\/p>\n

Russia and Egypt <\/strong>ink uranium supply agreement: <\/strong>TVEL<\/a> \u2014 a subsidiary of Russian state-owned nuclear developer Rosatom<\/a> \u2014 has signed an agreement with the Egyptian government for the supply of low-grade uranium components, according to a statement<\/a> released last week. The atomic fuel would be used to power the country\u2019s second Experimental Training Research Reactor (ETRR-2<\/a>), supplied by Argentine company Investigacion Aplicada. The Russian firm will also supply Egypt with aluminum-uranium alloys and powder<\/a> used for nuclear reactor fuel elements. Deliveries are expected this year, Rosatom noted. <\/p>\n

REMEMBER- Egypt is moving ahead with its nuclear ambitions: <\/strong>Rosatom kicked off<\/a> construction on the fourth and final reactor of the 4.8 GW Dabaa nuclear power plant in January. The company was contracted in 2015 to handle the construction and provide fuel for Dabaa and broke ground on the USD 28.75 bn project in July 2022. <\/p>\n

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GREEN FINANCE- <\/p>\n

ADCB and France\u2019s Schneider Electric expand green <\/strong>investments<\/strong> in Egypt: <\/strong>France\u2019s Schneider Electric has partnered with The Abu Dhabi Commercial Bank (ADCB) to finance real estate projects using energy efficient buildings and sustainable development projects in Egypt dependent on clean sources of energy, the company said<\/a>. Under the partnership, ADCB will finance microgrid solutions for Schneider Electric\u2019s Badr Factory to provide clean power to real estate projects and establish a cooled agricultural greenhouse, a water desalination unit, a water pump, and a fertilization unit in Marsa Matrouh Governorate, Daily News Egypt<\/a> reports. <\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n