Data Management Insight Brief
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.
Dow Jones, ADC Unveil New ESG Data Services
The universe of ESG data services has expanded with Dow Jones and Amsterdam Data Collective (ADC) announcing the creation of new offerings for financial institutions. New York-based Down Jones will sell data sets comprising sustainability scores on more than 6,000 listed companies. The company said the service would also provide “uniquely news driven” data to supplement self-reported corporate information. Dutch data consultancy ADC said it has opened a new analytics practice that will focus solely on sustainability and climate change. The unit will be led by former Bank of England and ING consultant Julia van Huizen.
Qotingo Further Expands With Addition of RepRisk Data
Risk analytics and indexing platform Qotingo has added ESG risk data from RepRisk to its client offering. RepRisk’s artificial intelligence-backed analyses and ESG data will be available to users of Qotingo’s Axioma Portfolio Analytics (APA) platform. It will also be used to build indexes within Qotingo’s STOXX brands. This is Qontingo’s latest addition to its APA after earlier this month announcing the inclusion of feeds from Sustainalytics, ISS and Clarity AI.
RightShip Launches Carbon Accounting Tools for Cargo Vessels
Shipping risk assessment company RightShip has launched a carbon accounting suite of tools to calculate cargo vessel’s greenhouse gas (GHG) emissions. The Carbon Accounting Reporting Tool measures, monitors and benchmarks shipping-related emissions, which are thought to account for 3 per cent of total global GHG creation. The product comes as the European Union prepares to require financial institutions to report supply-chain emissions data as it continues to roll out its Sustainable Finance Disclosure Regulation.
Today – Final Call for Comment on the DSB’s Latest Consultation Paper Covering the UPI
Today, 19 January 2022, is the deadline for industry feedback on the Derivatives Service Bureau’s (DSB) consultation on the legal terms and conditions, and client support model expected to apply to users of the Unique Product Identifier (UPI) Service, which is due to be launched later this year. The consultation sets out the proposals for users of the UPI Service as well as highlighting the user experience of firms already using the DSB’s OTC ISIN Service. You can make final comments on the UPI consultation paper until 5pm today.
Delta Capita Expands Scale and Reach with Acquisition of JDX Consulting
Delta Capita, a provider of managed services, solutions and consulting to capital markets participants, has acquired JDX Consulting, a resource augmentation and consulting business headquartered in the UK and with presence in the US and APAC. The acquisition is part of Delta Capita parent Prytek technology group’s commitment to allocate $500 million to accelerate development and deployment of the Delta Capita managed services platform. It also brings Delta Capita to a total of 1,100 staff and revenues of $130 million.
M&G Selects Bloomberg DMS for ESG Data Consolidation
Bloomberg Data Management Services (DMS) is to manage the ESG data of M&G Investments, consolidating the UK investment house’s sustainability information feeds into its cloud-based platform. The deal will see DMS link M&G’s ESG data with its analytics, pricing and other data sources, mapping them to a common hierarchy. M&G clients will be able to access the feeds via APIs or SSH File Transfer Protocol (SFTP).