About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Alveo Adds FactSet ESG Data Sets to Data Management Platform

Subscribe to our newsletter

Alveo has extended its commitment to ESG solutions with the integration of FactSet’s ESG data sets into its data management platform. It is also responding to buy-side firms’ requests to access, manipulate and analyse ESG data as part of broader efforts to achieve straight-through-processing for all reference data and deliver better data access to business users, reduce costs and increase efficiencies.

The company has previously extended its data model to process ESG data from traditional data vendors including Blomberg, Refinitiv and ICE, and is now writing an interface for the FactSet feed that is expected to be in production in July 2021, along with some use case examples. Alveo will be the first data management platform to include FactSet ESG data and is working with the data vendor to put its data mastering and analytics solutions into the Open: FactSet Marketplace.

With FactSet focussed on the buy-side, the addition of its ESG data to the Alveo data management platform is a good play into Alveo’s buy-side strategy. Mark Hepsworth, CEO at Alveo, says: “ESG will cause huge disruption in data management over the next couple of years, particularly on the buy-side. Alveo is doing a lot of work here, bringing in and aggregating data, and correlating indices to ESG data so that clients can look through the indices and drill down to see companies and their ESG track record.”

While there are already ESG indices and ratings in the market, Hepsworth says firms are looking at the potential of both vendor offerings and creating their own solutions. “Firms want to differentiate and not depend on third-party indices. If they take the data, manipulate it and create their own opinions and analytics on ESG data, they can surface proprietary information on companies that can give them insight into what assets to hold and help them differentiate.”

Noting that ESG data has been ‘the straw that broke the camel’s back’ for many buy-side firms, Hepsworth also describes how Alveo is helping them with ESG solutions, but also implementing STP for all their reference data. He says: “Buy-side firms want to bring in multiple sources of reference data and get it to business users as quickly and cost effectively as possible. They also want ROI on market data – which is where ESG fits in.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Enabling data democratisation with trusted and well governed data

Date: 7 June 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data democratisation enables users across an organisation to access and analyse data in a digital format. Its benefits are many and include allowing employees to make informed business decisions without recourse to IT, gaining a better understanding of customers,...

BLOG

Solidatus Outlines Data Blueprint for Better Contextual Decisions

Recent years of disruption caused by the Covid pandemic, Russia-Ukraine war and climate change have accelerated the journey to data digitalisation and making better data-driven decisions – but what are the key steps along the way and how can firms use disruption as an opportunity to reimagine their data? Philip Dutton, co-founder and co-CEO at...

EVENT

TradingTech Summit Virtual (Redirected)

Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...