TMX Datalinx, the information services division of TMX Group today unveiled its Environmental, Social and Governance (ESG) data hub.
Through this initiative, which includes involvement from leading ESG data and analytics providers, ESG considerations will be integrated into the investment decision-making processes of TMX’s clients.
Speaking to The TRADE, Michelle Tran, president of TMX Datalinx, said: “Our goals have always been client focused and ESG is one of those things which is coming up more and more when we discuss data with our clients.
“In today’s environment we see ESG market data as important to investors and traders, especially looking at how their investment decisions get made and how they use the information given that there’s lots of complexity in ESG data in terms of quality and different types of metrics.”
The hub will deliver data to clients and include: climate action plans, impact quantifying, company and controversy screening, news and event coverage, corporate peer analysis.
Discussing the data sources themselves and TMX Datalink’s approach, Tran told The TRADE: “We really looked at specialised providers and we treat it like a portfolio and ask ourselves, okay so where’s the gap? We very carefully select our ESG content providers and partners – it’s not a marketplace. We don’t say come one come all.”
“[…] We’re doing the hard work of sort of curating so I think keeping track of the partners that we bring on and their constructive feedback will be a win for both sides.”
Confirmed data providers for TMX ESG are: OWL ESG, MT Newswires, GIST Impact, Inrate, Wall Street Horizon.
Read more – The TRADE predictions series 2023: ESG
TMX Datalinx serves customers globally with a broad range of both real-time and historical data products.
Speaking to The TRADE about the future focus for TMX Datalink in this vein, Tran highlighted plans to continue to involve clients in the strategy: “I think when we launch our hub, we’ll probably be calling for our clients to say let’s create a committee of ESG data experts to ask how and where we can help our clients solve problems […] we want to use this opportunity of launching the hub to have those deeper conversations with our clients to see if this set resonates and using that as a direction for our expansion and longer term road map.
“I think if we take this further down the line, down the value chain, what we hope is to be able to not only expand the coverage, but we also expand the partnerships to actually create and drive other products off of this.”