Alveo today announced the integration of Intercontinental Exchange’s (ICE) ESG Company Data and SFDR analytics into Alveo’s Prime data management solution.
The integrated ESG content includes the different Principal Adverse Indicators (PAIs) of the EU’s Sustainable Finance Disclosure Regulation (SFDR), EU Taxonomy data, as well as hundreds of additional data points on the ESG profile of companies. Alveo already integrates with other data products from ICE.
ICE’s content is mapped and cross-referenced to Alveo’s standard data model which allows firms to easily integrate ICE content with their internal data sets. Using Alveo’s Ops360 user interface, clients can easily set up their own ESG metrics, visualize ICE’s content and distribute it downstream to put different stakeholders and applications on a common footing. Alveo tracks the lineage of each data point as well as any changes made to it.
SFDR is just one of several different ESG regulations that impact the financial services industry. Asset managers also need ESG data for product development, asset allocation, benchmarking and client reporting. Banks require ESG information for client onboarding, climate stress testing and the upcoming ‘green asset ratio’ reporting on their loan books. The combination of Alveo and ICE provides a solution to these needs.
“ESG is not just another regulatory reporting exercise. Financial services firms need an in-depth understanding of the sustainability profile of their investment products and portfolios. Firms face ESG data challenges when it comes to data availability, comparability and usability. One of the biggest challenges they face is to operationalize high-quality ESG information and integrate it into their workflows. We are delighted to work together with ICE to make this happen”, said Mark Hepsworth, CEO, Alveo.
“Companies need quality ESG content to address different use cases, including SFDR and other reporting requirements,” said Elizabeth King, President, Sustainable Finance and Chief Regulatory Officer at ICE. “ICE offers a range of cross asset sustainable finance data and tools that provide a comprehensive view of ESG issues across the market to help our customers uncover opportunities, manage risk, and provide transparency to their clients and regulators. We’re pleased to offer an easy way to access this content via Alveo’s platform.”
