ICE Expands ESG Reference Data Service and Shares Key Findings from Database
May 12 2021 - 8:30AM
Business Wire
Coverage now includes key U.S. indices and
benchmarks
Data shows 48% of U.S. large-cap companies
disclose carbon emissions
62% of companies in the ICE U.S. 1000 Index
have at least 25% female board representation
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced that it has expanded its environmental, social and
governance (ESG) reference data platform to include high-quality,
granular data that enables actionable comparisons across companies
and sectors. The company also shared a selection of findings from
across each of the three categories.
ICE’s ESG reference data service now includes coverage of
companies in key indices, including the ICE® U.S. 1000 Index, which
measures the performance of the top 1,000 U.S. listed companies,
representing some of the most well-known and largest capitalized
companies in the world. ICE’s research team continues to update,
enhance and expand this service and plans to launch coverage for
additional companies and geographies later this year.
ICE’s ESG reference data provides detailed attributes and
information that can help investors and other participants to
better understand the ESG risks and opportunities across a broad
mix of global corporations. Below are some of the selected findings
from ICE’s team of analysts:
- ICE data shows that 48% of U.S. large-cap companies report
their carbon emissions. In addition, 25% of companies in the ICE
U.S. 1000 Index have said tackling climate change, outlined by the
United Nations Sustainable Development Goal #13, is one of their
company’s objectives.
- ICE data also shows that 48% of U.S. large-cap companies have
reported their scope 1 greenhouse gas emissions, a category defined
as direct emissions from owned or controlled sources. Among these
firms, utility and energy companies lead the way in disclosure, at
87% and 95%, respectively.
- The data includes reporting that 76% of companies that are part
of the ICE U.S. 1000 Index provide wellness programs to their
employees, while 58% of the companies offer stock purchase plans to
employees.
- The percentage of ICE U.S. 1000 Index companies that have
boards of directors comprising at least 25% female membership is
62%, with the average percentage of female membership at 27%.
Additionally, the average age of board members for ICE U.S. 1000
Index companies is 62, and their average tenure on the board is
eight years.
“Investors and market participants are continuing to see ESG
data as a critical tool to better understand risks and
opportunities in their investment analysis,” said Savita
Subramanian, Head of ESG Research and U.S. Equity &
Quantitative Strategy at BofA Global Research. “Over the next 12 to
18 months, we expect that more companies will begin disclosing
greenhouse gas emissions data, diversity data and other attributes
in response to growing investor demand for more transparency. This
will ultimately help market participants make better decisions
about where to allocate their capital.”
BofA Global Research is using ICE’s company-specific data for
ESG-related attributes in building out its proprietary ESGMeterTM,
which provides a score of a company’s likelihood of experiencing
stronger financial stability over the next three years, based on
quantitative and fundamental inputs. For each company in BofA
Global Research’s coverage universe, more than 140 ESG-related
attributes are considered. ICE’s ESG reference data service
provides extensive and timely coverage across multiple sources and
publicly available documents, such as company-reported documents,
regulatory filings, proxy statements, and corporate actions, to
help ensure the data is updated as issuers release new
information.
“As ESG continues to gain momentum among investors and other
market participants, it’s critical that they have access to
accurate and timely data,” said Lynn Martin, President of Fixed
Income and Data Services at ICE. “ICE uses its expertise and
technology to provide granular, actionable and unbiased signals and
insights that can help our customers make informed decisions about
how they allocate their capital and manage emerging risks.”
For more information on ICE’s ESG offerings, please visit:
https://www.theice.com/data-services/esg-data
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2020, as
filed with the SEC on February 4, 2021.
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20210512005315/en/
ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587 ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738-2151
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