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‘Idiosyncratic’ Data Keeps Lazard ESG Tech Chief on His Toes
Lazard Asset Management’s (LAM) director of ESG data and analytics Gregory Van Droogenbroeck received a baptism of fire when he shifted to the investment giant from technology behemoth Bloomberg. The day he joined the company Russia invaded Ukraine, catalysing an existential rethink of some of the assumptions that had been built into the ESG project….
Surveys Highlight Two Sides of ESG Market Evolution
Regulatory demands are expected to help boost spending on ESG data to a record this year but a significant part of the institutional space remains concerned that those same rules will limit the choice of sustainable investments. Two recent surveys suggest that investors continue to champion sustainable markets. One, by management consultancy Opimas estimates that…
ESG Data &Tech Summit London 2024 to Shine Light on Changing Industry
What a difference a year makes. As A-Team Group prepares for its third annual ESG Data and Tech Summit London in May, we find ourselves at a pivotal moment in the evolution of sustainable market data. In March 2022, we were anticipating momentous change. After years of growth in sustainable markets, participants were braced for a slew…
SEC Disclosure Rules Welcomed but Unlikely to Fill Data Gaps
In finally announcing its long-awaited code on corporate reporting of climate-related data, the Securities and Exchange Commission (SEC) has both delighted and annoyed participants in sustainability markets. While SEC chair Gary Gensler’s announcement last week of the US’s first-ever rule on ESG disclosures will help fill a gaping chasm in the global regulatory landscape, many…
Bloomberg ESG Data Supports Hong Kong Greenhouse Gas Emissions Elimination Tool
Bloomberg ESG data is supporting development of the recently released greenhouse gas (GHG) emissions estimation tool of Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) and the Hong Kong University of Science and Technology (HKUST). The tool is part of key initiatives to facilitate sustainability reporting by corporates and financial institutions in…
SEC Approves Watered-Down Climate Reporting Rules
American listed companies will not have to report on their Scope 3 emissions in rules that will, however, require them for the first time to disclose other climate data. The US Securities and Exchange Commission (SEC) yesterday approved measures that would bind corporates into presenting data on the climate risks they face, their plans to…
Survey Highlights Wide Price Differences for Comparable Data
Some asset managers and financial firms are paying as much as four times more than their peers for the same ESG data, according to research that underlines the immaturity of the market for sustainability information. The huge disparities in pricing for data, ratings and indexes emerged in a survey that also found buy-side and sell-side…
ESG Driving Data Management Innovation, Says Curium
ESG is driving innovation in data management processes as growing customer and regulatory demand for high-quality sustainability capabilities pressure financial institutions to adapt. The large volumes of information that organisations need to fulfil their sustainability mandates and to comply with emerging regulations has forced data scientists to devise new ways to manage their content. Furthermore,…
Nature-linked Indexes Added to S&P Sustainability Benchmarks
S&P Dow Jones Indices has added another set of ESG-themed benchmarks to its roster, this time providing a gauge for nature-focused investors. The S&P 500 Biodiversity Index and the S&P Global LargeMidCap Biodiversity Index are intended to provide broad views of the impacts companies are having on nature and vice versa. The new suite follows…
Investors See Relevance in Double Materiality Ratings: ISS ESG Survey
Institutional investors believe that ESG ratings built on a double materiality methodology are “very relevant” to them, according to an ISS ESG survey of client needs. The analysis also found that investors consider the reporting standards of International Sustainability Standards Board (ISSB), UN Global Compact (UNGC) and the Task Force on Climate-related Financial Disclosures (TCFD)…