UK-based asset manager Redwheel has adopted Northern Trust’s data aggregation tool, developed by the bank’s strategic partner Equity Data Science (EDS).
The tool facilitates more accessible and effective analysis of third party and proprietary ESG data, allowing for more efficient collaboration between investment teams and core business functions.
Using the tool, ESG data can be monitored throughout the investment lifecycle. This offers a “single view” for integration and reporting, Northern Trust says, which Redwheel will use to improve ESG integration across its investment business.
Chris Anker, head of sustainability at Redwheel, says: “By enhancing data accessibility, it becomes easier to integrate ESG considerations within both investment decision-making and client reporting. We have been able to harness the power of the tool’s flexible architecture, helping us make rapid progress towards our goal to fully embed the tool within all investment and oversight processes to meet the evolving expectations of our clients.”
Paul Fahey, head of investment data science at Northern Trust Asset Servicing, adds: “ESG is more important than ever for many investors, but implementing it can be challenging in a dynamic market environment.
“Partnering with EDS to launch the ESG workflow solution was a significant step forward for us. We have enabled our clients to more easily access their data while providing a new level of efficacy. Most importantly, we can provide a single source for data which is often difficult to obtain.”
