Bloomberg Data Management Services (DMS) has been selected by M&G Investments to host the acquisition and management of its environmental, social and corporate governance (ESG) data, as part of a wider effort to enable integration of ESG 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 is designed to address the challenges of aggregating different sources by applying validations, mapping feeds to a common company hierarchy, producing a consolidated view across providers and offering transparency around governance and data lineage.
Bloomberg DMS 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 and application programming interface delivery channels. The dataset will be available to downstream systems to ensure continuously updated ESG data across the firm.
Keith Bunnell, global head of Bloomberg DMS, says: “The proliferation of ESG investing has been matched by ESG data providers, which provide a wide variety of different data, scores and metrics. 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.”
Julian Dorado, director of investor data platform at M&G Investments, comments: “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. Bloomberg DMS has solved this for us, providing the necessary integration, transparency and efficiency required to make critical ESG investment decisions.”
