ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector.
Moody’s ESG Solutions Group has launched its Climate Solutions suite, which aims to provide market participants with enhanced risk measurement and evaluation tools to quantify and manage climate risks and opportunities. The product suite will be powered by Moody’s affiliate data providers Four Twenty Seven and V.E. “Combining advanced climate know-how with proven models for credit risk and economic forecasts has enabled us to create a sophisticated set of climate risk analytics to support the systematic integration of climate change into investment and risk management decisions. Our solutions support growing market needs for robust modelling of climate risks and their financial impacts,” said Emilie Mazzacurati, Global Head of Moody’s Climate Solutions.
State Street has enhanced its ESG solutions offering with its ESG Risk Analytics platform, designed to provide risk management, metrics and target reporting in line with the Task Force of Climate-related Financial Disclosures (TCFD). The platform will cover most principal adverse impact and disclosure requirements. “ESG considerations are increasingly at the forefront of decision-making for investment managers and asset owners and there’s a growing demand for solutions that will provide the necessary data, risk analytics and reporting capabilities at scale. We continue to support TCFD recommendations and with our new ESG Risk Analytics tools, we are bringing our clients a holistic solution that helps assess ESG portfolios, while also enabling added transparency to meet the evolving global regulatory environment,” said Rick Lacaille, Senior Investment Advisor and Global ESG Lead at State Street.
Global financial information provider FactSet and China-based Ping An Insurance have launched a joint offering for investors looking for ESG metrics for Chinese companies. Through Ping An’s associate company, OneConnect Financial Technology, FactSet will integrate its AI-driven ESG content sets into its workstations, APIs and standard data feeds. This will help accelerate the availability of ESG metrics for over 3,500 Chinese A-share companies. “ESG investing is accelerating globally and client demand is high for information on companies in China. Combining OneConnect’s content with FactSet’s suite of applications will offer investment professionals a differentiated perspective on ESG impacts in the Chinese market,” said Tom Griffiths, Senior Vice President, Asia Pacific, at FactSet.
Consultancy firm Element22 and distributed ledger developer Agility Sciences have launched ESGi, a technology solution sourcing trusted ESG data for the investment industry. This platform will help fund managers source mandatory ESG data needed to comply with the recently launched Sustainable Finance Disclosure Regulation (SFDR). In the longer term, additional functionality is going to be incorporated to help firms comply with future regulations within and outside the EU. “By using ESGi, our clients will be able to not only meet their disclosure requirements but more easily satisfy the demands of their internal teams who require access to ESG data for many other business purposes including financial product creation, in an increasingly competitive investment management landscape,” said Mark Davies, Partner at Element22.
StockSnips has launched an ESG News Sentiment product for socially responsible investing, which has been built on its AI platform. The product aims to give investors up-to-date data on ESG news sentiment to evaluate relevant new risks and opportunities. Drawing on its large corpus of news articles, including SEC filings from the last five years, StockSnips compiles news articles with relevant key information. “We are excited to bring this Alternative ESG News Sentiment product to the market, leveraging our extensive research in textual analysis and transforming it to a valid signal and a robust proxy for measuring public sentiment for a company related to ESG policies and actions,” said Ravi Koka, CEO of StockSnips.