A new public and private entity ESG data service is available to clients of S&P Global Market Intelligence on the Snowflake platform, extending a tie-up between the two companies.
Part of S&P Global’s Enterprise Data Management (EDM) Insights Platform, the Global Entity Linking and ESG Data Management Services offering enables clients to clean and map ESG data to traded entities and then subject it to artificial intelligence-led analytics and models on Snowflake’s AI Data Cloud.
The companies said this gives a “unique” view of clients’ entities, hierarchies and linked reference data.
The new tool will “effectively manage the vast volumes associated with sustainability data while offering our clients the flexibility to quickly and seamlessly onboard and integrate new data sources”, said Vikas Sahni, Head of Software for Enterprise Solutions at S&P Global.
The latest innovation from S&P Global and Snowflake is among a number of products and services that vendors are offering as they seek to meet growing demand from financial institutions for private as well as public entity data. Volatility in equity markets and narrowing spreads on once-illiquid fixed-income assets has prompted investors to seek higher returns in alternative assets, such as private equity and credit.
Alternative markets are more opaque than the public markets in which institutions have hitherto largely operated, forcing them to retool their data operations to source intel on companies, funds and lenders. Data on private companies is also often lacking the lineage and metadata to link it to reference and other datasets.
The Global Entity Linking and ESG Data Management Services builds on a collaboration between the two companies forged in 2020 when S&P Global announced that its financial, textual, ESG and alternative data would be made available through Snowflake.
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