M&G Investments has selected Bloomberg Data Management Services (DMS) to host the acquisition and management of its environment, social and governance (ESG) data, enabling seamless integration of the data into the investment process.
DMS has been engaged to onboard and consolidate all of M&G Investments’ ESG data providers to its private, cloud-based solution.
Bloomberg DMS provides greater control and a holistic view of data while also addressing the challenges of aggregating different sources.
It applies validations and maps feeds to a common company hierarchy, producing a consolidated view across providers and transparency around governance and data lineage.
The product also enables cross linkage between ESG data to other datasets, including security master, pricing and analytical data to accommodate varying data needs among clients.
Clients will have the flexibility to choose between Secure File Transfer Protocol (SFTP) and Application Programme Interface (API) delivery channels, and the dataset will be available to downstream systems to ensure a continuously updated, unified and comprehensive view of ESG across the firm.
“The proliferation of ESG investing has been matched by ESG data providers, which provide a wide variety of different data, scores and metrics. Investors need to source data from multiple providers to get a full picture, but the lack of consistency between vendors can lead to data quality issues and operational disruptions,” said Keith Bunnell, global head of Bloomberg Data Management Services.
He added, “By using the strength and adaptability of the DMS solution, M&G Investments will be able to streamline the acquisition, management and distribution of data from multiple sources, removing any challenges inhibiting a smooth user experience.”
“As adopting an ESG lens in investment has evolved from a trend to a necessity. One of the largest challenges for us has been managing and processing an influx of ESG vendor data that has little standardisation or transparency,” said Julian Dorado, Director of Investor Data Platform at M&G Investments. “Bloomberg DMS has solved this for us, providing the necessary integration, transparency and efficiency required to make critical ESG investment decisions.”
©Markets Media Europe 2021
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