ESG Data & Technology

Evolving ESG Data & Technology

Matthew Pratt

Sponsor

Global Head of ESG

Functions

ESG, Investments, Data & Technology

Client type

Asset Management

Client Challenges

  • The client was struggling with inefficient, risky and unscalable operational processes between its ESG and Investment teams
  • In addition, money was being wasted through duplicative purchases of the same ESG data by different teams
  • This meant investment teams were unable to access the ESG data they required, and the business struggled to disclose key ESG data to clients
  • As part of a wider ESG integration programme that Alpha led, we ran a vendor selection to rationalise the client’s spend on ESG data and enhance its use across the business

Alpha Approach

  • We worked with the client’s central ESG team and representatives from 10+ asset classes to map the existing use of ESG data across the business against requirements, identifying gaps and areas of duplicate spend
  • We produced a comprehensive RFP capturing key functional and non-functional requirements, and developed an evaluation framework to score vendors’ responses
  • We then led the implementation of the preferred provider and the de-commissioning of the other incumbent
  • In parallel, we developed options and suggested actions for further ESG integration across the business in line with the client’s vision and market positioning

Client Benefits

  • A comprehensive view of the use of ESG data across the business mapped against business requirements and a target architecture
  • Securement of a favourable long-term contract with a preferred ESG data provider at a lower total cost and with better coverage and quality
  • A clear understanding of the foundations required across each team to further embed ESG, including a delivery plan across data, technology and business processes

About the Author

Matthew Pratt
Consultant, ESG SME

Matthew works across several workstreams within Alpha's ESG & Responsible Investing Proposition and leads our vendor management efforts for the proposition. His ESG project experience includes helping clients select and implement data providers, define an ESG strategy and prepare for incoming ESG disclosure regulations.