EDM Council Publishes Study for Managing Challenges of ESG Data For Rating Providers and Data Aggregators
PR94255
NEW YORK, Jan. 26, 2022 /PRNewswire=KYODO JBN/ --
EDM Council, a cross-industry trade association for data management and
analytics, has released its latest research, "ESG Data Management: Rating
Providers and Data Aggregators" – the second report in its ESG data research
series. The study was developed by EDM Council's ESG Data Workgroup, examining
the key challenges of the ESG data supply chain and providing recommendations
for RPDAs.
RPDAs are playing an important role in collecting and analyzing raw data from
reporting entities, which is enabling firms to develop research, ratings,
assessments, and comparisons of corporate performances related to the emerging
global ESG goals and objectives. The products and services provided by ESG
RPDAs are an essential element of the ESG ecosystem, but are encountering their
own set of data management and analytics challenges.
While usage of ESG products varies, the data supply chain for the RPDAs is
essentially the same. This report outlines a six-step RPDA product delivery
process through which ESG data challenges were then assessed and prioritized.
The study then used these steps as a framework to identify eleven current
priority challenges and then make strategic and tactical recommendations for
each:
1. Complexity of Standards Setting
2. Model Governance
3. Documenting data points to materiality
4. ESG Metric Effectiveness
5. Data Gaps
6. Version Control
7. Changes and Trends in Source Data
8. Third-Party Data
9. Scenarios and Models
10. External Assurance of ESG Data
11. ESG Data Management Requirements
"As ESG has grown in prevalence, so have the data management challenges that
Rating Providers and Data Aggregators have faced. Our goal with our latest ESG
research is to simplify the ESG data supply chain and create a common framework
within which these entities can operate," said Eric Bigelsen, EDM Council Head
of Industry Engagement and Head of the ESG Workgroup. "We aim to bring more
clarity and understanding to this evolving sector while demonstrating the
benefits of ESG in delivering sustainable outcomes."
This EDM Council ESG Rating Providers and Data Aggregators report is the second
installment in a series of research papers detailing the findings of a
nine-month study around ESG data challenges and recommendations. It follows the
EDM Council's November 2021 release of its ESG Corporate Reporting Best
Practices (
) report.
Through the collaboration of the ESG Workgroup, the research series
incorporates input from data professionals across multiple industries,
corporate sustainability reporting professionals, ESG subject matter experts,
and other business leaders in an effort that spans over 80 participating
organizations and over 150 professionals.
For more information and to download the full EDM Council ESG Rating Providers
and Data Aggregators report, please visit:
https://app.smartsheet.com/b/form/37567c73363a4f839f569bbc88406804
About EDM Council
EDM Council is the global association created to elevate the practice of data
management and analytics as a business and operational priority. The Council is
the leading global advocate for the development and implementation of data
standards, best practices, and comprehensive training and certification
programs. With 300 member organizations globally from the Americas, EMEA, and
Asia, and more than 10,000 data management professionals as members, EDM
Council provides a venue for data professionals to interact, communicate, and
collaborate on the challenges and advances in data management and analytics as
critical organizational functions. For more, visit edmcouncil.org (
) and follow us on LinkedIn (
) and Twitter (
).
SOURCE EDM Council
CONTACT: Paragon PR, For EDM Council, P.J. Kinsella, +1 973-255-7153,
pj@paragonpr.com
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。
