ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector.
Index and data provider MSCI has launched the MSCI Climate Paris Aligned Index Suite, made up of eight new indices designed to support investors wanting to back green opportunities aligning with the Paris Agreement. The launch of the suite comes at a time when “investors are looking to deploy a climate strategy that goes beyond reducing carbon intensity,” said Head of ESG Remy Briand.
Global data provider Refinitiv has published its Sustainable Development Goals (SDGs) country scores, ranking 210 countries performances against the UN SDG benchmark. Designed to provide data-metric comparisons on an international level, the scores are calculated by Refinitiv’s macroeconomic time series database Datastream.
Credit rating agency Fitch Ratings has updated its interactive ESG dashboards for financial institutions and ESG relevance heat map for Q3 2020. The dashboards are updated every quarter and show the distribution of Fitch’s ESG Relevance Scores for 1,058 global banks, insurers and non-bank financial institutions, enhanced with regional and sub-region selection capabilities.
Boardroom Alpha, a financial analytics company, has launched the ESG Analytics Platform, a tool that tracks and ranks executives according to their contribution towards achieving ESG-related goals and other sustainable corporate commitments. “We’re helping drive the ESG mandate of increased transparency and accountability to all stakeholders,” David Pogemiller, Boardroom Alpha CEO, said.
Big Four accountancy firm PwC has launched an app designed to convert company ESG values into digestible investment-grade reporting data. The app consolidates all ESG data into a single database and provides a series of metrics for performance measurement. Based on standards developed by the Sustainability Accounting Standards Board and the task force on Climate-related Financial Disclosures, the app will be updated in line with group standard changes.
Financial data and analytics company FactSet Research Systems has announced plans to acquire ESG data provider Truvalue Labs, in a move expected to close later this year. The acquisition of Truvalue Labs will “yield compelling results for both firms and our joint client bases,” said FactSet CEO, Phil Snow.