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.
IdealRatings will 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 tobacco are also researched.
With this agreement, State Street will expand its data source capabilities for current portfolios analyzed via State Street’s ESGX(R) product. ESGX(R) 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(R) 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,
