Press release, 31 May 2022 at 9:30 a.m. (EEST)
Nightingale Health Plc’s (“Nightingale") positive net impact on the surrounding world has been validated by the Upright Project (“Upright”), a technology company that has developed a quantification model to measure the net impact of companies.
Based on Nightingale’s advanced proprietary blood analysis platform technology and innovative solutions in preventative health, the company was awarded a net impact ratio of +70%. The result counts among the best 7% of all companies globally. Publicly listed companies on Nasdaq Helsinki have, on average, a score of -16%, meaning their contribution to the world is negative.
Upright’s proprietary data model considers 19 impact categories in four dimensions: society, knowledge, health, and environment. The model considers a company’s use of resources and the value created with them and summarizes it into the net impact score. Nightingale’s rating of +70% indicates the company's positive impacts outperform its negatives by 70%.
Nightingale’s greatest impact comes from its significant contribution to creating knowledge, which originate from Nightingale’s ability to analyze hundreds of biomarkers from a single blood sample and from the world-wide use of Nightingale’s health data by medical researchers. These researchers use Nightingale’s data in the research of diseases with the most burden on society, such as cardiovascular diseases and type 2 diabetes.
Upright’s model expects Nightingale’s impact score to further improve as the company grows. In the growth scenario, Nightingale’s contribution to knowledge creation is expected to become even more significant as the company expands to offer its services to consumers and the health industry.
“We want to empower people with personalized health knowledge so that anyone can be in charge of their health – and with it, help build a healthier world. We are very proud to receive the significantly positive net impact result which demonstrates our contribution to society. And this is just the beginning”, promises Nightingale’s Chief Executive Officer and Founder Teemu Suna.
Nightingale Health’s Net Impact Profile
For further information, please contact:
Teemu Suna, CEO
About Nightingale Health
Nightingale Health is The Preventative Health Company. Staying healthy is one of the top priorities in human life. Our health has a profound impact on our quality of life, and it’s also strongly connected to the lives of those close to us. Nightingale Health enables prevention by combining the power of our in-house developed, advanced blood analysis technology with unprecedented access to global health repositories and world-leading medical research. With this combination, we go beyond the traditional healthcare and wellbeing tools: We provide the scientific connection to multiple health and disease outcomes and the ability to predict future healthy years.
About The Upright Project
Upright produces data on the comprehensive net impact of companies. In addition, Upright’s data offering covers the SFDR PAI indicators and EU taxonomy metrics for unlisted and listed companies. The Upright platform’s data universe is +14,000 companies, the clients include +150 organizations in 15 countries.
About The Upright Net Impact Model
The Upright net impact model is a mathematical model of the economy that quantifies the net impact of companies. The model is based on machine learning, open-source science, and the products and services that companies produce and offer. Upright's taxonomy consists of 150,000+ possible product and service categories connected with 500,000+ links based on their value chain. Using Natural Language Processing (NLP) techniques, the model has been taught to understand causality in scientific articles (a database of 200+ million articles) and summarize what science knows about all the impacts that the products and services have on society, knowledge, health, and the environment.
Nightingale Health’s Net Impact Profile
Net impact comparison of Nightingale Health and Nasdaq Helsinki