Data solutions provider GoldenSource has added new capabilities and data sources to its ESG Impact solution.
The updated solution now allows users wider access to raw ESG data, more nuanced portfolio screening and tuning, as well as analytics features including greenhouse gas (GHG) scenarios.
The new capabilities offer the addition of ‘what if’ analytics, meaning that users will be able to analyse specific outcomes of potential investment shifts, such as swapping out or adding investments, and the implications this would have for the overall portfolio ESG score.
The GHG feature allows users to look at carbon emissions and physical risk under GHG climate warming scenarios as companies pledge commitment to reducing targets.
The ESG Impact solution also includes support for the European ESG Template (EET), the official data exchange template for ESG data, which is currently being defined to support the regulatory technical standards for the Sustainable Finance Disclosure Regulation (SFDR).
The solution’s topic tagging and template tagging capabilities simplify the generation of the EET for a firm’s products and the selection of products that fit a specific EET preference.
Based on tagging, GoldenSource also mimics the SFDR Principal Adverse Impacts template, accelerating compliance with disclosure requirements.
As well as this, users can screen for positive activity, including to what extent companies are involved with and contributing to global sustainable initiatives such as the UN Global Compact.
Users can also access data from the tool for portfolio tuning, with side-by-side comparisons of investments and companies with respect to ESG scores.
In addition, the tool can adjust to new taxonomies, as and when they are introduced in multiple jurisdictions.
Volker Lainer, vice president of product management and regulatory affairs at GoldenSource says: “As all market participants face increasing pressures to be compliant with ESG regulations, these new capabilities offer crucial insights and even more granularity when it comes to the sourcing, analysing and application of data for ESG use cases across the business.
“GoldenSource ESG Impact continues to help firms make strategic investment decisions that will have long-term positive impacts, offer the best service to clients and fundamentally help to drive forward global sustainability initiatives.”
