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State Street enhances ESG data and analytics offering

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State Street Corporation has made a series of enhancements to ESGX, the firm’s web-based platform that provides clients with tools to assess in-depth ESG-factor exposure in their portfolios. 

Clients will now benefit from an additional asset class, corporate bonds, four new data providers and improved functionality, resulting in quick and concise readings of portfolio data.

The four new data providers, IdealRatings Inc, MSCI ESG Research LLC, Trucost ESG Analysis and Sustainalytics US. Inc, enable global analysis of ESG data including performance, volatility and returns. Clients will be able to access an interactive web-based tool that calculates ESG scores through a combination of both human and machine generated data allowing for greater transparency into potential sources of portfolio risks and opportunities.

“ESG data and reporting is more important than ever to Institutional Investors,” says Mark McDivitt, head of ESG at State Street Corporation. “Our ESGX platform strives to provide our global clients with a holistic and integrated view of their holdings to assist them in making more informed investment decisions. The new suite of ESG data providers recently added to ESGX will offer enhanced granularity particularly around the E of ESG or sustainability risk embedded in our clients’ portfolios. Utilising ESGX to help address new regulatory reporting requirements relating to ESG is also a key objective.”

The platform’s enhancements also include newly integrated carbon metrics such as carbon footprint and intensity and offers clients monthly, quarterly and annual ESG reporting.

“At S&P Global we have seen a rapid increase in demand for environmental and climate risk data and analysis,” says Richard Mattison, CEO, Trucost, part of S&P Global. We are excited to partner with State Street on offering an alternative stream of Trucost environmental data to enhance business decision making.”

“We are delighted to incorporate our ESG research and data into State Street’s ESGX platform,” says Diederik Timmer, Executive Vice President of Client Relations at Sustainalytics. “With more feature-rich functionality and in-depth ESG information now on ESGX, institutional investors have an even wider array of analytics and tools to support their investment decision-making processes.”

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