NEW YORK, Jan. 27, 2022 /PRNewswire/ -- 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.