LONDON, November 15, 2017 /PRNewswire/ --
Arabesque announced today an agreement
to work with State Street (NYSE:STT), one of the world's largest
custody banks, to integrate environmental, social, and governance
(ESG) data into its service offerings through Arabesque's
proprietary technology.
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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.
It works by systematically combining over 200 ESG metrics with
news signals from over 50,000 sources across 15 languages. It is
the first tool of its kind to rate companies on the normative
principles of the United Nations Global Compact: Human Rights,
Labor Rights, the Environment, and Anti-Corruption (GC Score).
Additionally, Arabesque S-Ray™ provides an industry-specific
assessment of companies' performance on financially material
sustainability criteria (ESG Score). Both scores are combined with
a preferences filter that assesses a company's business
involvements.
Andreas Feiner, Head of ESG
Research at Arabesque, said: "We believe that ESG data provides a
new dimension to investing, giving investors more information than
ever before about the DNA of a company. Arabesque S-Ray™ has been
designed to provide investors with greater transparency around the
sustainability of the world's biggest corporations. We are
delighted to be working with State Street to offer this proprietary
technology, as part of a new and long-term collaboration that
reflects our goal of making sustainability available to all."
Mark McDivitt, head of ESG
Solutions at State Street Global Exchange said: "As a reliable and
responsible financial partner, State Street is committed to
integrating ESG factors into processes that improve investment
outcomes for our clients. Evidence suggests that companies
outperforming their peers on sustainability issues may be more
likely to display better returns, and as a result we are seeing
increased demand for ESG based products."
McDivitt added: "By utilizing Arabesque S-Ray™ scores, our
ability to delve beneath the surface of corporations and assess
non-financial performance will be greatly enhanced."
Notes to editors
For more information on Arabesque S-Ray™, please visit
http://www.arabesque.com/s-ray
About Arabesque
Arabesque is a specialist ESG Quant fund manager that uses
self-learning quantitative models and big data to assess the
performance and sustainability of globally listed companies. Its
investment technology processes over 100 billion data points to
select an investment universe of equities, integrating
environmental, social, and governance (ESG) information with
quantitative strategies.
Arabesque is regulated by the FCA in London.
SOURCE Arabesque