Data Management Insight Brief
Transcend Includes ESG Criteria in Collateral Analytics
Analytics provider to the collateralised markets Transcend will incorporate ESG criteria into its processes. Clients will be able to add ESG performance metrics into their collateral management and workflows. The New Jersey-based company will include metrics including restriction lists, KPI data as well as ESG scores and ratings.
Dow Jones Launches New ESG Data Service Covering 6,000 Companies
Dow Jones has begun offering sustainability scores on 6,000 companies in data sets that are aligned with Sustainability Accounting Standards Board (SASB) standards. The new service combines company-disclosed information and sentiment scores gathered from global news outlets. Companies assessed will be gauged across 26 sustainability categories and the data backtested an analysed using machine learning, the New York-based financial markets and information provider said.
ISS Tool Aims to Tame Labels and Standards Tangle
ISS ESG has launched a tool that the data provider hopes will help asset managers and owners navigate the complex field of sustainability reporting labels and standards. The new product, which became operational this month, will enable clients to comply with the reporting frameworks of standards setters the world over. In its initial iteration, the ISS ESG Labels and Standards Solutions will cover AMF, GreenFin, AFG, Nordic Swan, UNGC, Label SRI, Label Relance and Towards Sustainability (Febelfin) frameworks. Others will be rolled out later.
Happy 30th Anniversary ANNA
The Association of National Numbering Agencies (ANNA) celebrates its 30th anniversary this week. The association was founded on 29 January 1992 by 22 National Numbering Agencies (NNAs) following publication of the International Securities Identification Number (ISIN) standard ISO 6166 on the 1 November 1981, a standard driven by industry need to improve cross-border trading. ANNA now has 119 members and partners globally allocating ISINs for more than 200 jurisdictions. Its mission is to foster standardisation in the financial industry by upholding and promoting ISO’s principles for adoption, development and maintenance of the ISIN to identify, FISN to describe, and CFI to classify financial and referential instruments.
Origin Connects to Clearstream API to Launch Instant-ISIN 2.0 for Eurobonds
Debt and capital markets fintech Origin has launched a new version of instant code allocation utility Instant-ISIN 2.0, which now offers both allocation and activation of ISINs for Eurobond issuance, while also providing CFI and FISN codes automatically. The new feature, which will be made available to Origin Dealer customers, will return an ISIN instantly upon request, while simultaneously communicating the transaction terms and details to other infrastructure providers within the Eurobond market. Instant-ISIN 2.0 is driven by connecting into Clearstream’s Primary Issuance API, which was developed using the latest version of the open source data standard Airbrush v3, designed and launched by Origin in 2021.
EDM Council Highlights Challenges to ESG Data Delivery
Data management industry group the EDM Council has outlined proposals it says will make delivering ESG data easier for rating providers and data aggregators (RPDAs). In the New York-based council’s second report into managing ESG data it said that RPDAs were experiencing specific challenges with ESG data that were not present in their other activities. In the report, the EDM Council identifies 11 challenges that need to be overcome, including a lack of harmonisation in reporting standards and gaps in the data record.
More Firms Submit Data for Bloomberg Gender Equality Index
A record number of companies offered data on gender equality for a key reference index, data giant Bloomberg said. The New York-based company’s Gender-Equality Index (GEI) now features 418 companies with a total market capitalisation of US$16 trillion. Constituents must file their data according to a GEI Framework, which scores companies on female leadership roles, equal pay, inclusivity, anti-sexual harassment policies and pro-women brands, Bloomberg said.
Arabesque Deal Seeks to Bring Sustainability to Property Sector
ABG Real Estate Group has bought a minority stake in data vendor and asset manager Arabesque as part of a strategy to create ESG solutions for the property market. Together the companies hope to introduce ESG measures and benchmarks for the construction and real estate sectors. Building firm Goldbeck has also invested into the partnership. By establishing criteria for sustainable projects, Germany-based ABG hopes to launch sector-based ESG funds, the company said.
Kneip and Fondsdepot Bank Partner to Increase Data Accuracy of Fund Data
Kneip, a provider of fund data management, regulatory reporting and distribution support, and Fondsdepot Bank, a platform for trading and custody of funds in Germany, have partnered to increase data accuracy in the German fund distribution process by using Kneip’s Data Collection Service to power the bank’s Digital Frontend Tool. The data collection service simplifies collection of fund data and documents from source, and ensures data quality. Launching the service in Germany, Kneip will collect data and documents for Fondsdepot Bank’s front-end tool, which provides fund distributors and advisors with digital access to all required information during the advisory and distribution process. The partnership aims to increase the accuracy and reliability of fund data used for the distribution of funds in Germany.
LexisNexis Risk Solutions Offers Insurance Providers Ability to Identify ‘New’ from ‘Known’ Customers
LexisNexis Risk Solutions has extended the use of its proprietary identifier, LexID, to help Insurance providers identify genuinely ‘new’ from ‘known’ customers at the point of quote and start to build a single customer view to help support communication, pricing and retention strategies. While LexID for Insurance is already being used to build a single customer view of existing customers, this latest development ensures customers applying for a new business quote are quickly distinguished as being new to the business and are assigned a unique LexID number that can form the basis for building a more comprehensive single customer view.