GoldenSource, an independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions, has unveiled GoldenSource ESG Impact for ESG data coverage, comparison, quality checks and portfolio screening.
The solution leverages a large network of ESG data provider partners and content specialists, offering the full depth and breadth of ESG data coverage.
In addition, GoldenSource inbound APIs will enable on-boarding of current and future structured and unstructured ESG content from new data sources.
GoldenSource ESG Impact supports all standard and data vendor-proprietary materiality maps, enabling buy and sellside firms to compare what the different data providers consider useful information, regarding specific ESG criterion in a given industry sector.
Users can aggregate scores, ratings and ranks from the broad range of sources and then drill down into the relevant underlying data points.
It also enables data quality checks, validating metrics against data standards while also checking completeness, staleness and plausibility, making firms less susceptible to greenwashing.
Volker Lainer, VP of Product Management and Regulatory Affairs at GoldenSource, says: “As ESG has grown market participants have had to sift through an overwhelming amount of information from multiple sources, each with its particular content strengths and refined methodology to provide valuable insights.
He adds, “Our solution means that not only will users be able to discover and compare more useful ESG metrics and granular data across multiple sources, but also check the ESG metrics through a data quality framework. This will help navigate the changing regulatory environment and the challenges with discerning what is truly considered a ‘sustainable’ investment and what conforms to a published ESG strategy.”
John Eley, CEO of GoldenSource, adds: “This is a breakthrough as the growing volumes and increasing need for ESG data makes the investment landscape more complex. The solution is built on a foundation of market leading data management capabilities, but also GoldenSource’s experience in modelling ESG attributes, which makes it mature for this area of the financial markets.
He notes, “As part of our wider offering, GoldenSource ESG Impact slots in to create a bridge from the portfolio to the ESG content that otherwise portfolio managers would need to do themselves, making investment decision making more efficient.”
©Markets Media Europe 2021