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Alveo Extends ESG Data Offering with Morningstar Sustainalytics Content

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Alveo has integrated Morningstar Sustainalytics’ ESG content into its cloud-based data mastering and data quality Data-as-a-Service (DaaS) solution. Combining the firms’ data and cloud data management capabilities provides customers with solutions that speed up integration of Sustainalytics’ content into clients’ workflows and business processes, and help business users self-serve.

Content onboarded from Sustainalytics includes Sustainable Finance Disclosure Regulation (SFDR) data, ESG risk ratings, carbon risk ratings, and EU Taxonomy information.

The integration of Morningstar Sustainalytics ESG data follows the addition of MSCI ESG Research content into Alveo’s Data-as-a-Service offering, and the inclusion of ICE ESG company data and SFDR analytics into its Prime core data management solution.

The company’s latest out-of-the-box integration allows Morningstar Sustainalytics content to be cross-referenced and linked with client data sets or content sourced from third-party data sources – such as issuer hierarchy, pricing information, security master data and corporate actions – within a client’s business processes. It also provides fast data onboarding, complete data lineage to show and track provenance, and data governance. Alveo can quickly shape the data for last-mile integration into applications such as core banking solutions, portfolio management systems, risk management, and regulatory or client reporting.

“Financial services firms across the board face new reporting requirements,” says Mark Hepsworth, CEO at Alveo. “Asset managers and asset owners have to report portfolio ESG metrics under SFDR, and banks will have to report on their loan book composition using the EU Taxonomy. For this they require granular ESG information at the entity level, but also at the instrument level as the space of green finance and Green, Social and Sustainability (GSS) bonds is rapidly developing. Sustainalytics’ ESG content is needed not only for regulatory reporting, but also across customer decision-making workflows including product development, asset allocation and client reporting.”

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