Northern Trust and Equity Data Science (EDS) have launched an environment, social and governance workflow solution that enables investors to more quickly access and share ESG information.
They said the new ESG digitised data aggregation tool leverages data science to help increase transparency while enhancing efficiency and collaboration amongst investment teams.
The companies said that as digitisation continues shaping the financial services industry, the ESG workflow solution can integrate ESG data and analysis directly into the investment process, incorporating feeds from multiple data providers and types.
Specific features include automated capture of ESG data from market and specialist vendors, such as unstructured data sets that identify potential ESG issues.
It also offers seamless integration of vended data elements such as notes and commentary within the system for access to all ESG-related data in a single view.
In addition, it has workflow tools that digitise analysts’ processes around gathering, reviewing, and annotating ESG scoring and events, as well as decision points throughout the investment process.
There are analytics and dashboards that allow analysts and portfolio managers to interrogate, visualize, compare, and decompose ESG scores from major vendors for deeper insights into each company’s true ESG profile.
“We know that implementing ESG is a top concern for our clients, so EDS and Northern Trust have come together to launch our new ESG workflow solution to provide our clients with a single source for their data,” said Paul Fahey, head of investment data science at Northern Trust.
He added, “This enables more efficiency and transparency for investment teams and helps clients streamline their data and reporting processes.”
Greg McCall, president of Equity Data Science, “The ESG workflow solution helps clients tackle several issues brought on by the complexities of ESG data without altering their processes.
This allows investment teams to modernise and integrate their ESG data across the entire investment lifecycle, empowering them to further harness their ESG data.”
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