Technology is providing companies with the tools to improve their ESG performances. But could that tech itself be undermining some of those gains, could it be having unforeseen negative impacts? When the question occurred to technologist Charles Radclyffe while working on AI for a major London investment firm, he discovered there was no way of…

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The set of climate reporting recommendations that are regarded as the go-to guideline for national regulators, companies and financial institutions alike has become the latest major piece added to an emerging global sustainability disclosure framework. From next year, companies that align with the Taskforce for Climate-related Financial Disclosures (TCFD) will be monitored by, and required…

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Alveo has responded to market demand for reduced cost of change and faster turnaround when onboarding and operationalising new content in areas such as pricing, security master, ESG, and corporate actions, with new data modelling and onboarding capabilities in its Ops360 platform. The capabilities allow data analysts to graphically model, onboard and maintain new data…

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Dessa Glasser, principal of the Financial Risk Group, has been appointed chair of the Global LEI Foundation (GLEIF). An existing GLEIF board member and chair of the organisation’s risk committee, Glasser was elected and became chair on 25 June 2023. Her mission is to continue to evolve and expand the Global LEI System to enable…

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By Stephan Wolf, CEO of the Global LEI Foundation. With the crypto-asset market experiencing sustained instability and volatility following the high-profile collapse of the cryptocurrency exchange FTX, regulatory activities have taken on new intensity and urgency. Emergent initiatives are being realised, and in May 2023, the EU finally adopted the long-awaited and much-debated Markets in…

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ESG data is of greatest value when it is integrated with other data sets. The challenge is making that happen. With sustainability investors requiring ever-more nuanced and esoteric datasets to give them the most holistic view of their portfolios, the volume of non-standard and unstructured data they absorb into their systems is growing. Standardising, cleaning…

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Leading financial bodies have welcomed a proposed voluntary code of conduct for ESG ratings providers, which has been launched in the UK to improve confidence in a sector that’s growing in importance for financial institutions. The document, published on July 5, suggests a six-principles approach to bringing order to ESG ratings whose providers face criticism…

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Investors could soon have access to two free, centralised repositories of sustainability data following the announcement by a leading biodiversity standards setter that it is mulling the creation of a publicly accessible knowledge store. The plan was announced as heads of state, bankers and environmentalists gathered in Paris to discuss ways of making the global…

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Strategic Partnership for Next-Gen Solutions Built on Microsoft Azure OpenAI Service, Microsoft Fabric, and Microsoft Teams and Moody’s Proprietary Data to Empower Financial Services, Capital Markets and More Moody’s and Microsoft have made a strategic partnership to co-create next-generation data, analytics, research, collaboration and risk solutions for financial services. The solutions will be built by…

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Bloomberg has released a Data License Plus (DL+) Snowflake native app that will allow mutual customers to provision Bloomberg Data License subscriptions in the Snowflake data cloud and configure a ready-to-use environment that is hydrated with modelled Bloomberg data and multi-vendor ESG content in minutes. DL+ is Bloomberg’s cloud-based data management solution that aggregates, organises…

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