Bloomberg DMS to Streamline and Consolidate ESG Vendor Data for Seamless Integration and Workflow Management
LONDON, January 5, 2022 / PRNewswire / – Bloomberg Data Management Services (DMS) today announced that it has been selected by M&G Investments, one of the UK’s largest and most successful investment firms, to host the acquisition and the management of its ESG data, allowing transparent integration of data into the investment process.
DMS was engaged to integrate and consolidate all of M&G Investments’ ESG data providers into its private cloud-based solution. Bloomberg DMS enables more control, a holistic view of data, and addresses the challenges of aggregating different sources by applying validations, mapping flows to a common enterprise hierarchy, producing a consolidated view across vendors, and offering transparency around governance and data lineage.
“The proliferation of ESG investments has been offset by ESG data providers, which provide a wide variety of different data, scores and metrics. Investors should research data from multiple vendors to get the full picture, but lack of consistency between vendors can lead to data quality issues and operational disruption, ”said Keith bunnell, Global Head of Bloomberg Data Management Services. “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 preventing a smooth user experience. “
Bloomberg DMS allows ESG data to be linked with other data sets, including security, pricing and analytics data to meet different customer data needs and present a comprehensive view of the data universe. Customers will have the flexibility to choose between SFTP and API delivery channels, and the dataset will be available to downstream systems to ensure a constantly updated, unified and holistic view of ESG across the board. the company.
“Adopting an ESG lens in investing has gone from being a trend to a necessity. One of the biggest challenges for us has been managing and processing an influx of data from ESG providers that have little standardization or transparency, ”said Julien dorado, Director of Investor Data Platform at M&G Investments. “Bloomberg DMS solved this problem for us, providing the integration, transparency and efficiency needed to make critical ESG investment decisions. “
About Bloomberg Data Management Services
Bloomberg Data Management Services provides sophisticated cloud-based data management tools to support data quality, transparency and sourcing across an organization, enabling asset managers, custodians and brokers to effectively monitor and manage data supply chains. DMS further offers flexibility and customization to help businesses control their customers and meet regulatory reporting deadlines as they manage increasing amounts of complex financial data. For more information on Bloomberg DMS, please click here.
Bloomberg, the global leader in business and financial information and intelligence, gives influential decision-makers a critical advantage by connecting them to a dynamic network of information, people and ideas. Corporate strength – delivering data, news and analysis through innovative technology, quickly and accurately – is at the heart of the Bloomberg Terminal. Bloomberg’s enterprise solutions are built on the core strength of the business: leveraging technology to enable customers to access, integrate, distribute and manage data and information between organizations. more effectively and efficiently. For more information visit www.bloomberg.com or request a demo.
About M&G Investments
M&G Investments is part of M&G plc, a savings and investment firm created in 2017 by the merger of Prudential plc’s UK and Europe and Insurance and M&G, its wholly-owned international investment manager. M&G plc is listed as an independent company on the London Stock Exchange in October 2019 and has £ 367.2 billion in assets under management (as of December 31, 2020). M&G plc has over 5 million customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policyholders and members of pension schemes.
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