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Green Swan Lab Launches Its New Peer Review Platform, Integrating AI with Human Expertise, for ESG Performance Validation

By: Newsfile

Tel Aviv, Israel--(Newsfile Corp. - November 8, 2022) - Israel-based digital engagement platform Green Swan Lab announces the launch of its new platform for ESG performance validation and reporting. The platform facilitates a peer-review process that connects business leaders, entrepreneurs, investors and climate change advocates with experts worldwide to identify the most critical ESG and environmental issues. The platform integrates Artificial Intelligence with human expertise to ensure a holistic approach towards ESG performance validation. The experts on the platform assist businesses to generate potential solutions to climate issues and also improve their ESG validation process.

Through its peer review platform, Green Swan Lab aims to provide better tools and expertise to evaluate the ESG performance of companies. With numerous ESG standards asking companies to disclose different information, GSL helps them provide that information timely. It helps them identify, collect and disclose the right information and produce a report summarizing that data and adding the peer-review, providing recommendations as well as objective and unbiased assessment.

"In lieu of international standards, companies choose which standards to follow and often disclose information voluntarily. Companies have to decide when to release what information about which aspects of their operations. We are helping companies address these problems by integrating the best of machine efficiency and human expertise with our peer review platform for ESG evaluation," says Boaz Nol, Co-Founder and CEO of Green Swan Lab.

Usually, the ESG validation of businesses relies mostly on companies' own disclosures. However, the peer review platform developed by Green Swan Lab validates and improves the value of corporate ESG disclosures. The platform is committed to filling the knowledge gap in the ESG realm through its in-depth data collection and review process. The platform integrates human expertise with machine-driven insights in order to add resolution and clarity to metrics disclosed by companies. The peer review platform helps companies maximize understanding and minimize greenwashing around environmental impact.

"The objective of metrics produced for the purpose of finance and investment requires due diligence. Subjectivity has no appropriate place in financial ratings used to compare companies. However, objective information lacks the qualitative explanation needed to accurately understand what the numbers measure. Ideally, objective quantitative disclosures would be accompanied by objective qualitative information that explains what is being measured, what the disclosed answer means in context, and whether the disclosure is sufficient to understand the relevant aspect of impact theoretically being measured. That is the power of peer review that the GSL platform brings to the table," says Professor Joseph Klafter, Chairman of the board at Green Swan Lab.

Green Swan Lab is a digital platform headquartered in Tel Aviv, Israel. The platform connects start-ups, investors, decision-makers, corporations and field experts to resolve environmental challenges and validate ESG performance. Using machine learning, Green Swan Lab provides all members of the ecosystem with qualitative assessments of their ESG performance, innovative start-ups and technologies.

Media Contact:
Name: Boaz Nol

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