Unlocking The Power Of ESG Data

We empowered the ownership of a leading asset management firm's ESG data to have total transparency and clarity

The challenge

As is so often the case with ESG data, one of our clients (a leading asset manager in the ESG space with approximately £500bn AUM) felt unclear about where exactly theirs was coming from and what it meant.

There were too many different sources at play and with most of their employees not granted access to the findings, gaining any kind of useful insight from the data was nearly impossible.

But even so, they’d correctly recognised the importance of ESG and data to their organisation. They were just hamstrung by a lack of ownership, conflicting sources and varying methodologies across investment teams instead of one clear process for all.

To unlock its full potential, they needed access to experts to define and execute a Data Strategy across the whole company and to apply proper principles to ensure more transparent, accurate and valuable data through an effective ESG governance framework.

That’s where we came in…

Our approach

We were tasked with simplifying and streamlining their processes. The programme we put together was designed to empower our client to take ownership of their ESG data, and to have firm-wide transparency and clarity.

We did this by:

  • Appointing a data team with a Head of Data to keep across it at all times.
  • Designing an end-to-end Data Governance Framework.
  • Implementing an approach to managing data through clear policies that are consistent for everyone across the organisation.
  • Categorising all of the client’s data in different domains and appointing owners within the business for each one.
  • Implementing tools to map all of the data in the business for better lineage and management.

The outcome

The impact of the changes we made have been transformative to the business. The importance of data is more widely understood and the ownership of it is now clear. They have an increased confidence in the quality of the data, which has ultimately resulted in a better client experience.

The implementation of tools and the governance framework has given them greater transparency, consistency and understanding of the data across the business. This means that morale is higher, systems are more efficient, and the teams are better equipped to drive new business.

If you’d like to discuss your own issues with ESG data, do get in touch with Barry Chapman or Leo Chancellor. We’d love to hear from you.