Country for PR: United States
Contributor: PR Newswire New York
Monday, June 10 2019 - 19:00
AsiaNet
IdealRatings to provide suite of ESG data, expanding State Street's ESG Solutions, ESGX(R) Offering
BOSTON and SAN FRANCISCO, June 10, 2019 /PRNewswire-AsiaNet/ --

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.
  
Logo - https://mma.prnewswire.com/media/898239/IdealRatings_Logo.jpg

IdealRatings( 
https://c212.net/c/link/?t=0&l=en&o=2487844-1&h=1127100701&u=https%3A%2F%2Fwww.idealratings.com%2Fesg-solutions&a=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)( 
https://c212.net/c/link/?t=0&l=en&o=2487844-1&h=166035302&u=http%3A%2F%2Fwww.statestreet.com%2Fsolutions%2Fby-capability%2Fssgx%2Finvestment-insights%2Finteractive-tools%2Fesg.html&a=State+Street%27s+ESGX%C2%AE 
) 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, commented on this agreement, "IdealRatings is 
delighted to partner with State Street Corporation in collaboration with their 
ESGX(R) 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 ESG data providers. 
IdealRatings has extensive experience in both ESG and responsible investing 
research. Through our analytics engine ESGX(R), we strive to offer our clients 
insight into identifying non-traditional financial 'tail' risks (and 
opportunities), 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 Solutions at 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 at www.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 


SOURCE: IdealRatings
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