NORWALK, Conn., SHANGHAI and
HONG KONG, March 7, 2021 /PRNewswire/ -- FactSet
(NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial
information and analytical applications, and Ping An Insurance
(Group) Company of China, Ltd.
(hereafter "Ping An", HKEX: 2318;
SSE: 601318) today announced a joint offering for investors
considering environmental, social and corporate governance (ESG)
metrics for companies incorporated in China.
The offering will be launched by FactSet and Ping An's associate company OneConnect Financial
Technology Co., Ltd. (hereafter "OneConnect", NYSE:OCFT), a leading
technology-as-a-service platform for financial institutions in
China. FactSet will integrate
OneConnect's artificial intelligence (AI)-driven ESG content sets
into its workstations, standard data feed, and application
programming interfaces (APIs) to accelerate the availability of ESG
metrics for over 3,500 Chinese class A-share companies.
OneConnect offers comprehensive coverage of ESG factors and
assessments for companies listed on the Shanghai and Shenzhen Stock Exchanges. These
factors are derived from a combination of different sources of
information obtained by AI technologies, such as natural language
processing (NLP). OneConnect also provides a range of analytics
tools in addition to the content that will be integrated into
FactSet, such as NLP-driven disclosure transparency assessments,
portfolio sustainability performance evaluation and adjustment, and
a climate risk evaluation tool to help investors better integrate
ESG measurements into their investment processes.
"ESG investing is accelerating globally and client demand is
high for information on companies in China," said Tom
Griffiths, Senior Vice President, Asia Pacific, FactSet. "Working with
Ping An to strengthen FactSet's ESG
offering is an exciting step as we further expand integrated
workflow solutions for our global client base. Combining
OneConnect's leading content with FactSet's suite of applications
will offer investment professionals a differentiated perspective on
ESG impacts in the Chinese market."
"We are excited to build this partnership with FactSet," said Ye
Wangchun, Chairman and CEO of OneConnect. "By integrating
OneConnect's AI-ESG information sets into FactSet's powerful
investment data and technology platform, investors can expand both
the breadth and depth of their ESG investments, drawing on a
broader set of China-focused ESG
content and tools."
OneConnect's ESG content will be available in the coming months
in the FactSet workstation as well as via standard data feed and
APIs.
For more information, please
visit: https://www.factset.com/solutions/business-needs/esg-solutions.
About FactSet
FactSet® (NYSE:FDS | NASDAQ:FDS) delivers superior
content, analytics, and flexible technology to help more than
138,000 users see and seize opportunity sooner. We give investment
professionals the edge to outperform with informed insights,
workflow solutions across the portfolio lifecycle, and
industry-leading support from dedicated specialists. We're proud to
have been recognized with multiple awards for our analytical and
data-driven solutions and repeatedly scored 100 by the Human Rights
Campaign® Corporate Equality Index for our LGBTQ+
inclusive policies and practices. Subscribe to our thought
leadership blog to get fresh insight delivered daily at
insight.factset.com. Learn more at www.factset.com and
follow us on Twitter: www.twitter.com/factset.
About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. ("Ping
An") is a world-leading technology-powered retail financial
services group. With over 218 million retail customers and 598
million Internet users, Ping An is
one of the largest financial services companies in the world.
Ping An focuses on two over-arching
domains of activity, "pan financial assets" and "pan health care",
covering the provision of financial and health care services
through our integrated financial services platform and our
ecosystems; in financial services, health care, auto services and
smart city services. Our "finance + technology" and "finance +
ecosystem" transformation strategies aim to provide customers and
internet users with innovative and simple products and services
using technology. As China's first
joint stock insurance company, Ping
An is committed to upholding the highest standards of
corporate reporting and corporate governance. The Group is listed
on the stock exchanges in Hong
Kong and Shanghai. In 2020,
Ping An ranked 7th in the Forbes
Global 2000 list and ranked 21st in the Fortune Global 500 list.
Ping An also ranked 38th in the 2020
WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global
Brands list.
For more information, please visit www.group.pingan.com and
follow us on LinkedIn - PING
AN.
About OneConnect
OneConnect is a leading technology-as-a-service platform for
financial institutions in China.
The Company's platform provides cloud-native technology solutions
that integrate extensive financial services industry expertise with
market-leading technology. The Company's solutions provide
technology applications and technology-enabled business services to
financial institutions. Together they enable the Company's
customers' digital transformations, which help them increase
revenue, manage risks, improve efficiency, enhance service quality
and reduce costs.
Our technology-as-a-service platform strategically covers
multiple verticals in the financial services industry, including
banking, insurance and asset management, across the full scope of
their businesses – from sales and marketing and risk management to
customer services, as well as technology infrastructure such as
data management, program development, and cloud services.
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SOURCE OneConnect; FactSet; Ping
An