Monitor designed to oversee corporate alignment to individual UN SDGs in real timeNORWALK, Conn., March 08, 2021 (GLOBE NEWSWIRE) -- FactSet® (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, has announced the launch of the Truvalue Labs® SDG Monitor, designed to enable investors and other interested parties to view the alignment of corporations around the globe to the UN Sustainable Development Goals (SDGs) in real time and review how this alignment differs in emphasis across regions. Truvalue Labs, which was recently acquired by FactSet, has built a dataset underpinning the SDG Monitor that arises from more than 100,000 information sources in 13 languages, such as news, NGO reports, industry publications, trade journals and social media, and now covers more than 21,000 companies worldwide. The Monitor itself is free to use and is organized by country and/or region, allowing investors and investment professionals to see how companies in aggregate compare across regions in their alignment to the SDGs. The analysis goes beyond the conventional approach of measuring SDG alignment via percentage of company revenue categorized by the goals and centers on externalities from a stakeholder perspective. For example, a clean energy car company that has a history of poor labor practices will be evaluated not just on the goal of clean energy, an area in which it generates revenue, but also on the goal of decent work, in which it does not. This focus on overall corporate effect – both positive and negative – offers users a differentiated perspective on how companies impact their environments. According to the Truvalue ESG Investor Forum 2020 poll, 28% of respondents said their investment framework was currently aligned to the UN SDGs while 42% said they have plans to align. Moreover, 72% of respondents said social factors are the most difficult to analyze and integrate, with environmental ones next at 18%. These responses indicate that one of the keys to wider SDG adoption is access to better data for both the social and environmental pillars. “FactSet is filling a significant data gap,” said Adam Salvatori, Global Head of ESG Client Solutions and Research at FactSet. “Our research and analysis are helping to lead the way by focusing on a more holistic external stakeholder assessment of ESG impact. The Truvalue Labs SDG Monitor is one major step on that journey.” “The UN Global Compact drives business awareness and action in support of the Sustainable Development Goals by 2030. Fulfilling these ambitions will take an unprecedented effort by all sectors in society,” said Lila Karbassi, Chief of Programs at United Nations Global Compact. “We are delighted to see Truvalue Labs harnessing technology to provide a new layer of understanding around real world outcomes through the framework of the UN Sustainable Development Goals.” The Truvalue Labs SDG Monitor is structured as a public service and is free to all. For more information, visit: https://sdg.factset.com. About FactSet FactSet® (NYSE:FDS | NASDAQ:FDS) delivers superior content, analytics, and flexible technology to help more than 138,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset. CONTACT: FactSet Media Jennifer Berlin +1 617 330 4122 firstname.lastname@example.org Media & Investor Relations Contact: Rima Hyder +1 857.265.7523 email@example.com
FactSet Research Systems Inc (NYSE: FDS) and Ping An Insurance (Group) Co. Of China Ltd (OTC: PNGAY) (OTC: PIAIF) announced a joint offering for investors considering environmental, social, and corporate governance (ESG) metrics for companies incorporated in China. The offering will be launched by FactSet and Ping An's associate company OneConnect Financial Technology Co Ltd (NYSE: OCFT), a technology-as-a-service platform for financial institutions in China. FactSet will integrate OneConnect's artificial intelligence (AI)-driven ESG content sets into its workstations, standard data feed, and application programming interfaces (APIs) to fast-track the availability of ESG metrics for over 3,500 Chinese class A-share companies. OneConnect offers wide-ranging coverage of ESG factors and assessments for companies listed on the Shanghai and Shenzhen Stock Exchanges to help investors better integrate ESG measurements into their investment processes. OneConnect's ESG content will be available in the coming months in the FactSet workstation and via standard data feed and APIs. Price action: FDS stock closed higher by 3% at $314.25 on Friday. See more from BenzingaClick here for options trades from BenzingaJD Could Withdraw Fintech Arm IPO Amidst Regulatory Crackdown: Report© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", HKEX: 2318; SSE: 601318) today announced a joint offering for investors considering environmental, social and corporate governance (ESG) metrics for companies incorporated in China.