State Street Corporation has strengthened its ESG data and analytics offering by setting a series of enhancements to ESGX.
Clients can 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," said 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. Utilizsing 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.