New Tools Help Clients Measure Environmental, Social, and
Governance Risks, Bring Greater Transparency to Their Portfolios’
ESG Profiles
State Street (NYSE:STT) today announced it has enhanced its
portfolio of environmental, social and governance (ESG) offerings
with the launch of ESGXSM, a new analytics tool designed to provide
information to help clients bring transparency and standardization
to their ESG investing. State Street also announced today
agreements with new data providers, including Arabesque, to
complement its existing agreement with TruValue Labs, announced
earlier this year. ESGX offers clients the ability to receive their
ESG data sets from any or all of the data providers State Street is
collaborating with.
Developed by State Street Global ExchangeSM, State Street’s data
and analytics business, ESGX will provide clients with a web
platform through which they can assess ESG factor exposure in their
portfolios, such as a company’s carbon footprint, the type of labor
used in a supply chain, and board diversity statistics. Clients
will also have the ability to review reports, which can be updated
daily, that show how the ESG profile of a portfolio has evolved
over time.
“Having a view into a company’s non-financial profile is
increasingly important to the growing number of investors and
regulators who understand the impact of ESG factors on risk and
returns,” said John Plansky, global head of State Street Global
Exchange. “The root of firm valuation is the disclosure of relevant
information, and it’s critical that we bring new technologies to
market that can provide added transparency for clients looking to
better understand their investment portfolios through an ESG
lens.”
Global ESG assets under management climbed to almost $23
trillion in 2016, a 25 percent increase from 20141. Yet, according
to a recent State Street study, while traditional obstacles to ESG
investing are fading, the one significant barrier that remains is
the lack of transparent, standardized and quality data.
Included in the new ESGX analytics platform, State Street’s ESG
Solutions business will offer Arabesque S-Ray™, an algorithm-based
technology that analyzes the sustainability performance of the
world’s largest listed corporations, using self-learning
quantitative models and data scores as a risk management and
compliance measure.
“We believe ESG data provides a new dimension to investing,
giving investors more information than ever before about the DNA of
a company,” said Andreas Feiner, head of ESG Research at Arabesque.
“We are delighted to be collaborating with State Street to offer
our proprietary analytics tool.”
“Investors want to perform well while being responsible, and
they need access to ESG data to do that effectively,” said Mark
McDivitt, head of ESG Solutions at State Street Global Exchange.
“We’re consistently hearing from clients that they need reliable
ways to measure exposure to non-financial ESG factors. The
combination of our ESGX analytic tool and these ESG data options
will give them access to data and a range of insights that hasn’t
previously existed.”
Please click here to learn more about State Street’s ESGX
analytics platform and ESG Solutions.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $32.1 trillion in assets
under custody and administration and $2.67 trillion* in assets
under management as of September 30, 2017, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s website at www.statestreet.com.
*AUM reflects approx. $36 billion (as of September 30, 2017)
with respect to which State Street Advisors Funds Distributors, LLC
(SSGAFD) serves as marketing agent; SSGAFD and State Street Global
Advisors are affiliated.
Important Information
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1 Global Sustainable Investment Alliance 2016 Global Sustainable
Investment Review;
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