Next Steps and Expectations Post-Data Submission to EDCI via KEY ESG
As of April 2024, your data for the 2023 reporting period has been successfully submitted to EDCI through the KEY ESG API. This submission marks the beginning of EDCI's review process, conducted by BCG Expand which will extend through the upcoming months.
Below we share next steps on what to expect, based on our best understanding of the EDCI BCG Expand team’s information. In all circumstances, any information you receive from them directly will be most relevant and up to date.
Immediate Next Steps:
EDCI Review Period (May – August 2024): EDCI BCG Expand will conduct data reviews, this happens independent of KEY ESG, to ensure quality data is supplied to their benchmark. Should they have any inquiries regarding the calculation methodologies or specific figures, these questions will be directed to you as the primary data owner. Any queries related to KEY ESG's methodology should be referred to EDCI. If necessary, a dedicated session to clarify these methods may be arranged.
Any queries directly related to KEY ESG’s methodology can be forwarded to support@keyesg.com.
Feedback and Final Adjustments: If the feedback from EDCI BCG Expand has led to significant changes in your reporting, you can reach out to your KEY ESG support member to agree on a date for one final resubmission.
Looking Forward to Publication and Updates:
Publication of Benchmarks (expected by Q3): Benchmarks will be made available to you through your EDCI portal. EDCI will host an information session for all fund managers to discuss the EDCI benchmark results. Depending on the KEY ESG support package that was agreed with your account manager, consideration might be given to hosting an insights session by KEY ESG to discuss the implications and insights from the data.
Framework Updates (expected by Q3): Post-publication, EDCI will announce changes to the framework, which KEY ESG will integrate for the next cycle.
Preparation for Next Cycle (expected by Q4): KEY ESG will outline key requirements for EDCI reporting in the 2024 cycle, including confirming your portfolio companies and their primary contacts and support package confirmation. A separate document shall be provided that will guide you in preparing all necessary data for submission through the KEY ESG API, including investee company financial details and sector classifications.
Please note that KEY ESG, as per the terms and conditions of EDCI, cannot grant direct access to the benchmarks but will support you in meeting all necessary reporting requirements. KEY ESG are committed to ensuring that you receive all necessary assistance throughout the year to prepare and refine your data submissions.
For further information about EDCI, please see links to their website and newsletter.