Atlanta & London, 16 January 2023 –Alveo today announced the integration of Intercontinental Exchange’s (ICE) ESG Company Data and SFDR analytics into Alveo’s Prime data management solution.
The integrated ESG content includes the different Principal Adverse Indicators (PAIs) of the EU’s Sustainable Finance Disclosure Regulation (SFDR), EU Taxonomy data, as well as hundreds of additional data points on the ESG profile of companies. Alveo already integrates with other data products from ICE.
ICE’s content is mapped and cross-referenced to Alveo’s standard data model which allows firms to easily integrate ICE content with their internal data sets. Using Alveo’s Ops360 user interface, clients can easily set up their own ESG metrics, visualize ICE’s content and distribute it downstream to put different stakeholders and applications on a common footing. Alveo tracks the lineage of each data point as well as any changes made to it.
SFDR is just one of several different ESG regulations that impact the financial services industry. Asset managers also need ESG data for product development, asset allocation, benchmarking and client reporting. Banks require ESG information for client onboarding, climate stress testing and the upcoming ‘green asset ratio’ reporting on their loan books. The combination of Alveo and ICE provides a solution to these needs.
“ESG is not just another regulatory reporting exercise. Financial services firms need an in-depth understanding of the sustainability profile of their investment products and portfolios. Firms face ESG data challenges when it comes to data availability, comparability and usability. One of the biggest challenges they face is to operationalize high-quality ESG information and integrate it into their workflows. We are delighted to work together with ICE to make this happen”, said Mark Hepsworth, CEO, Alveo.
“Companies need quality ESG content to address different use cases, including SFDR and other reporting requirements,” said Elizabeth King, President, Sustainable Finance and Chief Regulatory Officer at ICE. “ICE offers a range of cross asset sustainable finance data and tools that provide a comprehensive view of ESG issues across the market to help our customers uncover opportunities, manage risk, and provide transparency to their clients and regulators. We’re pleased to offer an easy way to access this content via Alveo’s platform.”
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. FactSet® is a trademark of FactSet Research Systems, Inc. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
Alveo is the leader in market data integration and analytics solutions for financial services. Focused on optimizing data flows for business user self-service, we provide cloud-native data aggregation and data quality management that enables clients to easily access trusted data while maximizing their data ROI.
Through our managed services, we ensure that clients can smoothly onboard, prepare and validate data for use in operations, trading, investment management, pricing, risk, reporting and machine learning.
We service a global client base and our award-winning technology provides easy integration into business user workflows and a proven platform for advanced analytics. Through combining deep domain expertise with the latest open-source technologies, we help financial institutions ensure high-quality data, optimize market data cost and maximize productivity.
For further information, please visit: www.alveotech.com