Fitch Mulls Inclusion of Climate Risks in Credit Scores

Fitch is seeking views on the inclusion of climate-risk factors in the calculation of the broad credit worthiness scores it provides for thousands of companies. The ratings company said its Climate Vulnerability Scores, which it provides separate to regular credits ratings, could provide an additional screen in the assessment of firms’ credit worthiness.

TNFD To Unveil COP15 Influenced Iteration of Reporting Framework

The Taskforce for Nature-related Financial Disclosures (TNFD) is to release the latest version of its guide on how financial institutions should report on their biodiversity risks. The fourth iteration, due next month, is informed by the Global Biodiversity Framework (GBF) agreed at the COP15 in Montreal late last year. Target 15, of the GBF’s 23 aims, is designed to harness private finance to protect nature.

EDI Adds Luxembourg Funds Data Service

Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has added a Luxembourg funds data service to its investment funds coverage. The Luxembourg services covers more than 50,000 share class funds from over 400+ fund management companies, providing comprehensive reference and corporate actions data.

FINBOURNE Joins Bloomberg, MarketAxess and Tradeweb in Consolidated Tape Plan

FINBOURNE Technology has won a tender process to become the technology infrastructure provider for the Bloomberg, MarketAxess and Tradeweb initiative to build a consolidated tape for fixed income in Europe. The company’s cloud-based, API-first Modern Financial Data Stack is designed to reduce operational complexity and increase efficiency and transparency across capital markets.

Pension Fund TCFD Alignment Hampered by Data, Report Says

The shortage and inconsistency of sustainability data is preventing pension funds from formulating climate-forward investment strategies, according to a report by Pensions for Purpose. The data challenges mean few funds are aligning with the Taskforce on Climate-related Financial Disclosures (TCFD) framework to shape their approach to ESG and their use of some analytics remains limited, the report said.

Ataccama Deepens Integration of ONE Unified Data Management Platform with Snowflake

Ataccama, a unified data management platform provider, has released deeper integration of its Ataccama ONE platform with Snowflake providing data observability functionality and pushdown processing to joint customers. Data is processed directly on Snowflake’s single, integrated Data Cloud platform, delivering faster, lower cost and more secure results.

“With the release of the latest version of the Ataccama ONE platform, we are bringing all Ataccama data quality functionalities, including rule evaluation, data quality monitoring, and profiling to Snowflake customers. We can also improve the user experience with pushdown functionality that processes data directly on Snowflake, saving precious time,” says Martin Zahumensky, chief product technology officer at Ataccama.

ECB Says Data Quality is Key to its own ESG Guidance Tools

The European Central Bank (ECB) has said the “development of high-quality data” is key to a set of statistical indicators it’s created to help the bank incorporate sustainability risks and markets in its monetary policy decision making. Executive board member Isabel Schnabel made the comment after the ECB said its indicators would focus on sustainable finance, financed emissions and the impact of physical climate risks on portfolios.

US Banks to Undergo Climate Risk Stress Tests

US banks will have to undergo stress tests of their climate risk management and resilience practices under during an exercise organised by the Federal Reserve. The tests will be conducted by the end of July and will examine banks’ preparedness under their current climate policies and under a state of net-zero greenhouse gas emissions.

S&P Global Expands KY3P with Acquisition of TruSight Solutions

S&P Global has acquired TruSight Solutions, a provider of third-party vendor risk assessments. The acquisition will be combined with KY3P by S&P Global and integrated into the Market Intelligence division. Know Your Third Party (KY3P) was initially a Markit initiative acquired by S&P Global with the company. TruSight was founded by a group of financial institutions including Bank of America, Bank of New York Mellon, JP Morgan and Wells Fargo, and will expand S&P Global’s third-party vendor risk management solutions by offering high-quality validated assessment data designed to reduce the vendor due diligence burden on service providers to the financial services industry.

FactSet Integrates Coin Metrics Digital Assets Data into Asset Management Solutions

FactSet is collaborating with Coin Metrics to integrate the latter’s digital assets data across its solutions for asset management, wealth management, and research. The aim is to support client needs to analyse digital instruments as part of multi-asset class portfolios. Additionally, the collaboration adds digital assets sector coverage to FactSet’s StreetAccount news service. The companies also plan to collaborate on new thematic indices that include a digital component.