Asset managers, pensions and endowments will soon be able to screen their investments more easily for environmental, social and governance risks. The development is thanks to State Street Corp., which is launching a new set of analytical tools aimed at capitalizing on the appetite for responsible investing. Many firms have made similar strides to help investors tackle ESG exposure, but few can harness as much data as State Street, whose custody business safeguards $29 trillion. ...
Custody giant State Street is offering asset managers and pension fund clients with new tools to leverage their portfolios for environmental , social and governance ( ESG ) risks , increasing its access to the $ 29tn of assets it manages - 12 - 15 % of the global total - to offer analytics that cash in on the growing demand for ESG investment products . It has also been in talks with analytics firms , including sage and TruValue Labs , to license their ESG data . The move follows the company 's creation of several ESG - focused exchange - traded funds ( ETFs ) . The US value for ESG investments has risen 33 % to $ 8.7trn since 2014 .