Data Management Insight ESG & Sustainability The latest content from across the platform
Deepki Acquires Property Sustainability Assessor Fabriq
Real estate ESG data provider Deepki has bought its UK-based competitor Fabriq weeks after revealing to ESG Insight that it wanted to use a €150 million cash injection to expand its global reach. London- and Paris-based Deepki didn’t disclose the value of the latest deal. Fabriq’s software helps real estate owners reduce their carbon footprints by gathering and…
Webinar Preview: ESG Data Needs Proper Governance to Avoid Greenwashing
Organisations must resist the temptation to take a relaxed view of their ESG data in the absence of written governance rules, a data management expert has warned. As investors and regulators put more pressure on financial institutions and companies to get their ESG processes in order, the risk of reputational and financial damage has risen…
ESMA and IIF Focus Their Targets on Frustration Over ESG Ratings and Data
The European financial regulator and an Institute of International Finance (IIF) have called for an urgent rethink of ESG ratings and data, saying that the need for accurate sustainability information is becoming more pressing as climate change accelerates. The European Securities and Markets Authority (ESMA) has weighed in on ratings providers, saying that respondents to…
SEB Acquires Stake in Swedish Property Data Firm Metry
SEB Greentech Venture Capital has bought a stake in Swedish sustainability data firm Metry to capitalise on rising demand from banks for ESG-related performance indicators on real estate. Metry gathers data from the built environment to help owners and investors make property more efficient and to help them report on their assets’ green credentials.
Survey Finds Three-Quarters of Leaders Lack Confidence in Data
Almost three-quarters of senior decision makers have no confidence in data being reported to stakeholders, according to a global survey of executives by Workiva. The study also found that organisations are dividing their sustainability budgets 43 per cent to environment, 29 per cent to social and 28 per cent to governance.
ACA Group Names ESG Veteran as European MD
The ACA Group has named former United Nations Principles for Responsible Investing (PRI) European director Marie Luchet as its new Managing Director of ESG. Luchet will lead the governance, risk and compliance adviser’s European operations. In her more-than 20 years working in ESG, Luchet also served as Head of Responsible Investment with ECOFI Investissements and…
Vendor Strategy: Rimes Leverages Data Management Expertise to Take on ESG
Integrating ESG data into traditional data management systems may be akin to fitting the proverbial square peg into a round hole, but it’s a challenge that financial institutions are having to confront every day. There are established workarounds, but they rely on a confluence of expertise in ESG and regular financial data. And there’s the…
Broadridge SFDR Solution Takes EET Closer to Universal Use
European ESG Templates (EETs) are fast becoming the go-to means for companies to report their sustainability performances. The digital documents that provide a means for firms to comply with the European Union’s Sustainable Finance Disclosure Regulation (SFDR) form the basis of a growing number of reporting solutions. One of the most recent, by Broadridge Financial…
Nasdaq Looks to Long-Term ESG Evolution with Metrio Purchase
Nasdaq has sought to future-proof itself for growth in the sustainability data market with the acquisition of ESG metrics software provider Metrio. The American capital markets services giant purchased the Montreal, Canada-based company earlier this month, and will make the technology available to Nasdaq clients, enabling them to gather, process and publish data on their…
Data Methodology Harmonisation may be no Panacea, Expert Warns
Volker Lainer raised eyebrows when he told the recent A-Team ESG Data and Tech Summit London that he saw a role for multiple methodologies used to calculate sustainability ratings and collate datasets. The Head of Data Connections, ESG and Regulatory Affairs at enterprise data management firm GoldenSource even went as far as saying that a…