Data Management Insight ESG & Sustainability The latest content from across the platform
ESG Data is “in a Key Moment” – Industry Responds to Upbeat Bloomberg Survey
In a year when headlines focused on political pushback gave the impression that sustainability-focused investment strategies may be in decline, a survey from Bloomberg paints an altogether different picture. ESG data investment is growing and set to continue growing at least into the next 12 months, the financial data giant’s ESG Data Acquisition and Management…
Executives Planning to Substantially Increase ESG Data Spend
ESG data demand is on the rise among portfolio managers, with the vast majority planning to substantially increase spending on the resource, according to a Bloomberg survey. The financial data giant’s ESG Data Acquisition and Management Survey of more than 100 managers and executives found that 92 per cent would boost spending on ESG data…
Webinar Preview: Empowering Asset Managers and Owners with ESG Solutions for Net Zero Transformation
Decarbonising the atmosphere is the defining goal of the environmental movement, and one that financial institutions are playing a vital role in achieving. They are working towards meeting targets set over the next 25-40 years of reaching a state in which the net amount of carbon released into the atmosphere by economic activity is zero….
Start-Up C-More Sets Sights on Ambitious SME Database
A Portuguese sustainability management software provider has set itself the daunting task of compiling a database that will eventually provide a base level of ESG information on every small business in the world. Lisbon-based start-up C-More has created a platform that helps small and midsize companies assess their own ESG maturity and learn how to improve their performance and…
A Powerful Voice for the ESG Data and Ratings Industry
The rapid maturity of the ESG data space had threatened to create a void in the policy and regulatory response that should be filled by industry participants. Three years ago, the Future of Sustainable Data Alliance (FoSDA) was founded to fill that very hole. Created at Davos by Sherry Madera, then an executive at Refinitiv, and the World Economic…
Future of ESG Ratings in Doubt as S&P Withdraws from Scores
S&P Global has made the surprise decision to stop issuing alphanumeric ESG scores with its credit ratings, raising questions about the continuing use of such metrics by financial institutions. The world’s leading provider of rankings on sovereign and corporate debt said it would cease providing scores on listed entities’ ESG performance with immediate effect. Instead,…
Sumitomo Mitsui Trust Asset Management Selects Bloomberg Data Solution for SFDR Compliance
Sumitomo Mitsui Trust Asset Management has adopted Bloomberg’s data solution dedicated to helping firms meet the European Union’s Sustainable Finance Disclosure Regulation (SFDR). The asset manager is one of the largest in Japan and Asia, a signatory of both Japan’s Stewardship Code and Principles for Responsible Investment, and is actively pursuing initiatives to address ESG…
Auditing Body Releases ESG Data Assurance Proposal
The global auditing standards setter, the International Auditing and Assurance Standards Board (IAASB), has released its proposals for ISSA 5000, which will cover the validation of ESG data. As the IAASB explained to ESG Insight last week, the standard – if adopted – is hoped to harmonise the way ESG data is verified by auditors.
Model Behaviour: Testing the Tools that Underpin ESG Decisions
The quality of data and technology used in ESG systems is of growing importance to investors and regulators as they seek to do more with the information available, to comply with regulations and to arm themselves against accusations of greenwashing. Last week we discussed the emerging body of work that’s bringing accountancy-level assurance to ESG…
Trade Finance Innovation Opens Window for Supply Chain ESG Data
Capturing supply-chain sustainability data is elusively difficult but nevertheless is necessary to manage and mitigate ESG risk and also required as new regulations oblige companies – and their investors – to declare the impact their logistics services are having on the environment. The challenge has its root in the huge multitude of companies that comprise even a single supply chain. Mostly…