ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector.
Bloomberg and Rockefeller Asset Management are launching the Bloomberg Rockefeller US All Cap Multi-Factor ESG Improvers Index. Available through the Bloomberg Terminal, the index combines Bloomberg’s risk model, data, and index capabilities with Rockefeller’s 40 years of ESG expertise. Unlike other ESG indices that emphasise screening around ESG leaders or laggards, the new index ranks a company’s improvement in performance on material ESG issues relative to industry peers. The multi-factor index combines the Rockefeller ESG Improvers Score, an uncorrelated and proprietary alpha enhancing factor, with quality and low volatility factors to pursue outperformance over traditional market-cap weighted indices with low tracking error and minimal sector or other factor deviations. The index also incorporates shareholder engagement techniques that help create shareholder value and catalyse positive change.
The DiginexESG platform now officially supports the ESG reporting guidelines of the Hong Kong Stock Exchange. Any corporate organisation listed on the Exchange can now use the firm’s software to streamline its ESG data reporting process while simultaneously demonstrating compliance to the newly updated guidelines. The blockchain-enabled technology also provides a secure, uncompromisable platform for data entry that is protected from any infiltration and amendment to data, providing both internal and external stakeholders with greater transparency into the company’s sustainability efforts. DiginexESG is an SaaS platform for ESG reporting for corporates, offering guided reporting journeys with step-by-step instructions, compliance with major reporting networks, AI-powered recommendations.
Global investor services provider IQ-EQ has unveiled IQ-EQ Compass, an integrated service offering that aims to simplify ESG compliance and help users build sustainable value and reputational resilience.IQ-EQ Compass helps mitigate ESG-related risks by incorporating client insights, sector expertise and a “powerful” technology platform to provide ESG data and analysis. According to the firm, this not only ensures regulatory compliance but uncovers actionable intelligence, enabling clients to make the right decisions at the right time through all stages of the investment cycle. IQ-EQ’s technology platform also supports multiple ESG reporting frameworks – including the UN Principles of Responsible Investing (PRI) and the World Economic Forum’s ESG metrics – allowing asset managers and investors to compare their performance against globally renowned benchmarks.
HSBC has invested in MioTech, an AI-based sustainability data and technology provider, in an additional financing round to its Series B. The firm’s investor base already includes ZhenFund, Horizons Ventures, Moody’s and TOM Group. In 2020, MioTech expanded its ESG data coverage to more than a million public and private companies in the Greater China region. The firm plans to launch more datasets covering Asian and European markets. “HSBC brings us a wealth of knowledge on ESG and green finance,” said Jason Tu, Co-founder and CEO of MioTech.