Data Management Insight ESG & Sustainability The latest content from across the platform
COP27 Announcements Highlight Critical Role of ESG Data
The COP27 climate summit in Egypt has put ESG data firmly in the spotlight as a key enabler of the financial sector’s critical role in solving the global sustainability challenges. From the formal unveiling of a global plan to make sustainability data accessible to every investor to the announcement of further progress in narrowing in…
ESG is Magnifying Data Management Challenges
Data management strategies necessarily have to change with markets, with trading trends, with technology and with a host of other inputs that inform the ever-changing financial landscape. Without effective management, data is useless. If it can’t be accessed, if it isn’t clean, if it is out of date or if it can’t be found then…
Start-up Util Raises £5m for its Environmental Impact Data Service
Util has closed a £5 million funding round that saw the Luxembourg Stock Exchange and the Chicago Board Options Exchange buy stakes in the London-based sustainability data provider. Util counts Danske Bank Asset Management and Degroof Petercam Asset Management among the customers to whom it supplies environmental impact data on 50,000 companies.
Bloomberg Applies New Industry-Implied Estimate Model to Expand Emissions Coverage
Bloomberg has expanded its coverage of corporate carbon emissions using a new estimates model that is providing greenhouse gas datasets on about 40,000 more companies. The US data giant said carbon emission estimates would now be offered on 100,000 companies, providing transparency into their Scope 1, 2 and 3 emissions. Bloomberg said the broader coverage…
Rimes Offers Clients DEI Data from Denominator
Diversity, equity and inclusivity (DEI) metrics specialist Denominator is to provide data and scores to financial institution clients of ESG data management company Rimes Technologies. Rimes, which won two gongs in this year’s A-Team Innovation Awards, described the new partnership as a “great addition to our data universe”. Denominator’s metrics are based on more than…
S&P Sustainable1 Physical Risk Scores Offer Social Impact Window
E, S and G is generally regarded in aggregation, but data products and services usually measure each individually. S&P Global Sustainable1 business, however, believes the geolocated company and climate data combined in its new physical risks metrics are providing a means of measuring the conjunction of the first two of ESG’s pillars. The global rating…
FI Feedback Sought in Creation of GFANZ Corporate Climate Data Hub
Financial institutions and auditing companies have been invited to offer their expertise and feedback on the creation of a global corporate climate performance database backed by the Glasgow Financial Alliance for Net Zero (GFANZ). The One Planet Data Hub would be handed over to the United Nations once it is complete, and a prototype service…
Bloomberg Expands Sustainable Fixed Income Index Offering
Bloomberg has added new sustainable bond indices to its suite of ESG-focused products. The Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices will be built on the financial data giant’s Bloomberg Global Aggregate Index, the Bloomberg Sustainable Finance Group’s green, social and sustainability bond indicators, and metrics aligned to the International Capital Market Association Green…
Vendor Strategy: ISS Translates Governance Data into Action
Of the three pillars of ESG, the third is often considered the most difficult to influence or change, even when informed with the most accurate data. Purpose-driven investors may not always have the time, resources or voting power to formulate an action plan that will enable them to carefully examine whether a constituent of its…
Bloomberg Widens Carbon Emissions Scores to 100,000 Companies
Bloomberg has expanded its carbon emissions dataset to 100,000 companies thanks in part to a newly developed in-house estimation model. The new tech has been used to derive carbon scores from companies that haven’t reported their own data. Bloomberg said the latest dataset offers “greater precision in Scope 1, 2 and 3 carbon emissions”.