ISS STOXX ESG Data Integrated by DekaBank

DekaBank Deutsche Girozentrale (Deka) has incorporated ISS STOXX’s ESG data into its systems for use by the German organisation’s asset management, fund administration and treasury management divisions.

Deka is the central asset manager of the German Savings Bank and will utilise IS STOXX’s climate data, corporate and country ratings, SDG scores and regulatory solutions, including its Taxonomy and SFDR/PAI data.

SimCorp Updates Axioma Model to Tackle Increased Market Gyrations

SimCorp has sought to better prepare clients for increased market volatility with an update to its Axioma Worldwide Equity Factor Risk Model, which is designed to help managers identify risks in their portfolios.

Among its improvements is the introduction of a Non-Linear Residual Factor, which uses machine learning to identify hidden factor correlations that can’t be detected by standard, linear models.

RecordPoint, OCG to Jointly Pursue Growth in Financial Services

Data management and governance services firm RecordPoint will work with advisory Oceanic Consulting Group (OCG) as it grows its business within the financial services sector.

Together, RecordPoint and OCG will “help institutions build stronger data foundations and future-proof their governance frameworks in an increasingly complex landscape”, they said in a statement.

Novata Offers Private-Market ESG Data Management and Request Service

Novata has launched ESG Due Diligence, a product that enables private market participants to manage and utilise sustainability data.

The solution centralises the diligence workflow for deals teams enabling them to request, review and analyse ESG data.

“While assessing sustainability factors has become a standard part of the investment process, traditional diligence workflows have historically been resource-intensive, disconnected from holding-period value creation and lacking actionable outputs,” said Jessie Martin, Global Head of Advisory at Novata. “Novata’s new offering delivers a pragmatic and cost-effective alternative that investment teams can adopt without burden or disruption.”

SIX Clients Given Access to New Fixed-Income Data Product

SIX has unveiled SIX Fixed Income Data, a service that provides clients with pricing, reference data, corporate actions information and underlying source documents.

The solution is targeted at sell-side firms, investors, wealth managers and hedge funds, and offers “comprehensive coverage, rigorous validation processes, seamless integration into existing systems, and a flexible service model”.

Data for 3.6 million US instruments are among the datasets available through SIX Fixed Income Data, encompassing municipal, corporate and government debt as well as structured finance.

Robeco Launches Biodiversity, Avoided Emissions Tools

Asset manager Robeco has launched a sectoral biodiversity analysis tool that helps investors identify an issuer’s risks to nature and resource loss as well as its nature performance.

The Biodiversity Traffic Light tool was built with the input of asset owners and cleaves to the guidelines of the Taskforce for Nature-Related Disclosures. It focusses on the causes of nature loss, and impacts on nature, that are most pertinent to each company.

Robeco was also behind another tool launched earlier in the month that helps investors assess the decarbonisation impacts of different climate solutions.

Built with asset managers Mirova and Edmond de Rothschild AM as well as consulting firms I Care by BearingPoint and BCG’s Quantis, the Avoided Emissions Platform models the avoided emissions that might result from 65 climate solutions.

Diginex Collaboration Builds ESG Reporting Tool for Malaysian Companies

ESG technology provider Diginex has collaborated with artificial intelligence technology firm AIKYA to build a sustainability reporting tool to help businesses in Malaysia access sustainable finance opportunities, among other benefits.

DiginexESG is built to enable reporting according to Global Reporting Initiative, Sustainability Accounting Standards Board and the Taskforce on Climate-related Financial Disclosure guidelines as well as local codes.

Informatica Supports Databricks Integration with Google Cloud Expansion

Informatica has incorporated support for Databricks’ Data Intelligence Platform with the expansion of its own Intelligent Data Management Cloud platform on Google Cloud. The move also sees the integration of the artificial intelligence-enabled data management provider’s IDMC with API Center and Cloud Data Access Management (CDAM) services, which run natively on Google Cloud.

ESG Book Teams with BCG to Streamline Data Sourcing and Disclosure

Sustainability data and technology provider ESG Book is working with Boston Consulting Group (BCG) to make it easier for financial institutions and companies to report their ESG performance and source ESG data.

The companies have created LEO from ESG Book’s reporting platform and BCG’s Climate and Sustainability Data Template, which helps companies identify and report the data needed to satisfy compliance obligations.

DMI Euro Award Winner WeeFin Raises €25m in Funding Round for ESG Platform

ESG data management startup WeeFin has raised €25 million in a Series B funding round to help develop its SaaS platform for the financial services sector.

The Paris-based startup, which won last year’s Data Management Insight Euro Award for Best Data Management Initiative for ESG, said the capital injection was led by BlackFin Capital Partners, a European fintech fund, as well as existing investors IRIS, Asterion Ventures and Ring Capita.

WeeFin said the additional funds would also help it drive international expansion, including in the UK through its London office.

Formed in 2021, the company provides ESG data optimisation services to 40 customers that oversee a total of €6.9 trillion.