TCS gains on launching ESG Integration Solution on AWS to Accelerate Sustainable Investing

Tata Consultancy Services is currently trading at Rs. 3245.95, up by 29.80 points or 0.93% from its previous closing of Rs. 3216.15 on the BSE.

Tata Consultancy Services
Tata Consultancy Services

The scrip opened at Rs. 3216.00 and has touched a high and low of Rs. 3248.00 and Rs. 3202.40 respectively. So far 65724 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 4045.50 on 18-Jan-2022 and a 52 week low of Rs. 3023.35 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 3332.45 and Rs. 3202.40 respectively. The current market cap of the company is Rs. 1183209.15 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.00% and 5.70% respectively.

Tata Consultancy Services (TCS) has launched its ESG Integration Solution on the Amazon Web Services (AWS) platform to help financial institutions more easily and accurately measure the impact of environmental, social, and governance (ESG) factors in their investment analysis. Consisting of a cloud-native ESG data ingestion platform and custom ESG scoring model, the solution is integrated with AWS Data Exchange and allows more transparency and flexibility to align investment portfolios with ESG criteria and measure them against quantifiable and standardized sustainability benchmarks.

TCS’ ESG Integration Solution enables investment managers to procure non-financial data quickly and easily from leading data sources-including ESG data providers on the AWS Data Exchange-and set and track key performance criteria unique to their needs and evolving regulatory requirements. The solution leverages the AWS analytics, artificial intelligence, and machine learning services and helps uncover new insights at sectoral, regional, and corporate levels, allowing users to create a portfolio of strong ESG performers. Offered as a microservice, asset managers can access the latest versions of the ESG datasets and scale it up or down to meet demand with no additional infrastructure management.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

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