Emerging market investors are hampered by the lack of reliable ESG data about project and company risks and the analytical capacity to identify these ESG issues. The data needed to address this gap generally exists publicly via news articles, sustainability reports, and bond prospectuses. However, these text sources are hard to compare and require technical expertise to analyze comprehensively.
MALENA is an Artificial Intelligence (AI)-powered analytics platform and virtual analyst created by IFC to increase analytical capacity to assess ESG risks. MALENA is a natural language processing algorithm and is trained using IFC’s historical ESG, climate, and gender datasets to extract meaningful insights from text data and thereby increase productivity and build investor confidence. Additionally, MALENA leverages the expertise of IFC’s ESG experts through the use of active learning to support model training and performance.
The project activities comprise:
1) At the firm level, providing access to MALENA, as well as guidance and training to assist investors in conducting ESG analysis of pipeline and portfolio investments, rapidly and at scale;
2) At the sector level, promoting the use of impact and ESG analytics through MALENA.
Project contacts not provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org