FinTech Magazine August 2019 | Page 23

inconsistent reporting on ESG data . When financial institutions come to weave these data points into their proprietary models , it ’ s still quite hard to do so unless you provide a degree of standardisation and harmonisation ” says Manning . This is where Refinitiv ’ s work comes to the fore , ensuring that data is transparent , usable and relevant . The more ESG data is used , the more its prominence increases and the higher its quality becomes , as Manning explains : “ Now , corporate , regulators , institutional investors and capital rating professionals are all becoming increasingly aware of the importance of ESG data . That ’ s driving up the standard as they ’ ll have to use it day in , day out to get positive financial outcomes .”
Refinitiv is trusted not only to provide this information , but to present it in the manner required by its customers . “ We ’ re the leading provider of ESG data . We cover 8,000 companies , represent 70 % of the global market cap and have over 400 data points included . We also carry information on ESG bonds , loans , carbon and renewables pricing data and financial crime information . This all aggregates
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