ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector.
Leading asset management firm Blackrock has announced the release of its climate-specific software application, Aladdin Climate. Investors will be able to measure both the physical and transitional risk of a low-carbon economy on portfolios using the software. Aladdin Climate will initially be available as an add-on for existing Aladdin clients, with asset class coverage expected to be rolled out in 2021. “Aladdin Climate is a dramatic step forward to begin filling the information gap necessary to build truly sustainable portfolios,” said Rob Goldstein, COO at BlackRock.
ICE Data Services and CTBC Investments have announced a collaboration to develop ESG indices and financial products for market participants. CTBC plans to launch ETF products that follow two new ESG bond indices launched by ICE, the ICE 15+ Year Large CAP USD Emerging Markets External Sovereign Carbon Reduction Index and the ICE 15+ Year Ultra Large Cap Developed Markets US Corporate Best-in-Class ESG Index. Both indices are administered by the ICE Data Indices (IDI) and disseminated alongside IDI’s Global Index family range. “These products will help broaden people’s awareness for ESG investing and pave the way for us to join the Principles of Responsible Investment (PRI),” said Eric Chang, President of CTBC.
Investment and business tool developer FCLTGlobal has launched a new dashboard, FCLTCompass, which aims to track long-term investments on a global scale by measuring up to 10 years of existing global investment data and highlighting emerging trends. FCLTGlobal continues to focus on encouraging long-term investment, and said the tool offers users insight into the scale and timeframe of corporate funding sources relative to allocation and analysis of investment behaviour across asset classes. “Identifying these patterns and gaps will help investors strengthen mechanisms and behaviours to better serve their stakeholders and contribute to sustainable growth,” said Lim Chow Kiat, CEO of GIC, a member company of FCLTGlobal.