State Street Strengthens its ESG Data and Analytics Offering

State Street’s ESGX® Platform Enables Clients to Measure Their Environmental, Social and Governance Risks using extensive ESG Data sources

Thursday, May 30, 2019 6:50 pm EDT

Dateline:

London

State Street Corporation (NYSE:STT) today 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 four new data providers, IdealRatings Inc., MSCI ESG Research LLC, Trucost ESG Analysis and Sustainalytics US. Inc., 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.

“ESG data and reporting is more important than ever to Institutional Investors,” said Mark McDivitt, head of ESG at State Street Corporation.  “Our ESGX® platform strives to provide our global clients with a holistic and integrated view of their holdings to assist them in making more informed investment decisions. The new suite of ESG data providers recently added to ESGX® will offer enhanced granularity particularly around the E of ESG or sustainability risk embedded in our clients’ portfolios. Utilizsing ESGX® to help address new regulatory reporting requirements relating to ESG is also a key objective.”

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.

 “At S&P Global we have seen a rapid increase in demand for environmental and climate risk data and analysis,” said Richard Mattison, CEO, Trucost, part of S&P Global. We are excited to partner with State Street on offering an alternative stream of Trucost environmental data to enhance business decision making.”

“We are delighted to incorporate our ESG research and data into State Street’s ESGX® platform,” said Diederik Timmer, Executive Vice President of Client Relations at Sustainalytics. “With more feature-rich functionality and in-depth ESG information now on ESGX, institutional investors have an even wider array of analytics and tools to support their investment decision-making processes.”

State Street is committed to being a leader in environmental sustainability and governance issues, including finding new ways to help clients integrate ESG practices in pursuit of better investment outcomes including investment strategies, stewardship and data and analytics tools. As a company, State Street aims to be a responsible corporate entity by pursuing aggressive targets with respect to diversity, sustainability, and governance. For more information visit the websites of State Street and State Street Global Advisors.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $32.6 trillion in assets under custody and administration and $2.8 trillion* in assets under management as of March 31, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 40,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* This figure is presented as of March 31, 2019 and includes approximately $33 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Contact:

Nadia Hassini
+ 44 203 395 7145
NHassini@StateStreet.com

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