State Street announced that it has made a series of enhancements to ESGX, the firm’s web-based platform that provides clients with tools to assess in-depth ESG-factor exposure in their portfolios. Clients will 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 platform’s enhancements also include newly integrated carbon metrics such as carbon footprint and intensity and offers clients monthly, quarterly and annual ESG reporting.
The four new data providers, IdealRatings, MSCI ESG Research, Trucost ESG Analysis and Sustainalytics US, 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.
Richard Mattison, CEO of Trucost, which is a part of S&P Global, said in a statement that the firm has seen a rapid increase in demand for environmental and climate risk data and analysis. Mark McDivitt, head of ESG at State Street, said in a statement that ESG data and reporting is more important than ever to institutional investors, adding: that another key objective of the platform is to address new regulatory reporting requirements.