2024-11-18 18:36:40
Author: IdealRatings / 2023-07-24 14:35 / Source: IdealRatings

IdealRatings to provide suite of ESG data, expanding State Street's ESG Solutions, ESGX® Offering

IdealRatings to provide suite of ESG data, expanding State Street's ESG Solutions, ESGX® Offering

BOSTONand SAN FRANCISCO,June 10,2019 --IdealRatings,Inc. today announced a new collaboration with State Street Corporation,demonstrating both entities' commitments to support the global integration of ESG material risk management strategies into investment decision making processes,using unique ESG data elements.

IdealRatingswill be providing State Street with underlying data points of up to 40,000 companies globally. Data delivery covers 200+ parameters,including individual ESG scores and more detailed information on company policies,targets,implementations,structure,and disclosure activities. Controversial involvements,whether in the manufacturing side or supply side,in industries such as mining,weapons,chemicals,genetically modified organisms,medical research and ** are also researched.

With this agreement,State Street will expand its data source capabilities for current portfolios analyzed via State Street's ESGX®product. ESGX® is an analytics tool launched in 2017 to provide information to help clients bring transparency and standardization to their ESG investing. Developed by State Street Global Exchange,State Street's data and analytics business,ESGX®provides clients with a web platform through which they can assess ESG factor exposure in their portfolios,such as a company's carbon footprint,the type of labor used in a supply chain and board diversity statistics.

Mohamed Donia,IdealRatings CEO,commented on this agreement,"IdealRatings is delighted to partner with State Street Corporation in collaboration with their ESGX® platform. We believe with this partnership we are able to embrace the changes taking place in the world trend towards more Responsible Investments."

"We are delighted to welcome IdealRatings as one of our new ESGdata providers. IdealRatings has extensive experience in both ESG and responsible investing research. Through our analytics engine ESGX®,we strive to offer our clients insight into identifying non-traditional financial 'tail' risks (andopportunities),within their portfolios. We are confident that IdealRatings will further complement our existing suite of ESG data providers," commented Mark McDivitt,Managing Director,Head of ESG Solutionsat State Street.

About IdealRatings,Inc.

IdealRatings,incorporated in San Francisco,is a global solutions provider for Responsible Investments. Its database solutions for Equities,REITs,and Fixed income are aimed at global investment managers and asset owners. IdealRatings solutions are licensed by leading financial institutions,asset managers,index providers and brokerage firms in over 25 countries. Visit IdealRatings's website atwww.idealratings.com.

Media contacts:

IdealRatings Inc:


Mr. Magdy Eissa,


meissa@idealratings.com


+ 1 415 955 2737

State Street Corporation:


Nadia Hassini


Nhassini@statestreet.com


+ 44 203 395 7145

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Tags: Banking/Financial Service Computer Software Computer/Electronics Data Analytics Financial Technology

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