Northern Trust leverages technology partnership for ESG data solutions

ESG data to support front- and back-office requirements for standardised datasets.

By Jonathan Watkins

Northern Trust, working with Equity Data Science (EDS), has launched an ESG workflow solution to allow investors to more quickly access and share ESG information.  

The custodian began working with EDS back in 2021, making an investment into the cloud-based analytics platform. The deal saw Northern Trust integrate EDS decision support tools with its core technology platform, providing the Chicago-headquartered custodian with new data science capabilities for institutional investors and asset managers.   

“We know that implementing ESG is a top concern for our clients, so EDS and Northern Trust have come together to launch our new ESG workflow solution to provide our clients with a single source for their data,” said Paul Fahey, head of Investment Data Science at Northern Trust. “This enables more efficiency and transparency for investment teams and helps clients streamline their data and reporting processes.”  

Northern Trust’s Investment Data Science offers a curated suite of solutions integrated with its asset servicing platform, combining the bank’s foundational data with data science and behavioural analytics. 

The ESG solution allows investment teams to analyse and measure decision-making across the investment lifecycle and share and evaluate information as it becomes available. It incorporates automated capture of ESG data from the market and from vendors, including unstructured data sets that identify potential ESG issues. 

“The ESG workflow solution helps clients tackle several issues brought on by the complexities of ESG data without altering their processes,” said Greg McCall, president of Equity Data Science. “This allows investment teams to modernise and integrate their ESG data across the entire investment lifecycle, empowering them to further harness their ESG data.”