The World Federation of Exchanges (WFE), an industry group for securities exchanges and central counterparty clearing houses (CCPs), has published a briefing paper that focuses on human rights protections and spotlights the need for definitions of “responsible business” and human rights protections — key social aspects of ESG investing. The paper points out that “while… Read More >>
Xignite Launches an ESG API & Other News
Xignite Partners with ESG Book A vendor of market data application programming interfaces (APIs), Xignite has launched an API for Environmental, Social and Governance (ESG) data that accesses the real-time sustainability dataset of ESG Book, a data vendor partnering with Xignite. The XigniteGlobalESG API encompasses “public companies domiciled in North America, EMEA, APAC, and Latin… Read More >>
CalSTRS to Apply Proxy-Voting Powers to ESG Goals
CalSTRS, the influential California State Teachers’ Retirement System that tallies $318.1 billion in assets under management (as of February 28, 2022), is putting its money where its values are. The public pension fund has declared that it will be using its proxy voting power to make sure that the companies it invests in actually live… Read More >>
SEC Advances Climate Risk Disclosure Rules
As many expected it would, the Securities and Exchange Commission (SEC) is pushing for new rules that will require public companies to report more details about the climate-related risks that could “have a material impact on their business, results of operations, or financial condition.” But not everyone is on board with this move, including a… Read More >>
BNP Paribas to Add 1,000 More Women in IT
On International Women’s Rights Day, March 8, a banking giant made a surprising announcement, and challenged itself to do better: “The BNP Paribas Group has set itself an ambitious target: to have 1,000 more women in our IT professions by the end of 2024, through both internal and external recruitment.” While the Women’s Rights Day… Read More >>
SS&C Bolsters Its Open Protocol Service & Other Briefs
SS&C Adds ESG & Digital Asset Exposure Reporting Support The Open Protocol risk reporting service of SS&C Technologies has been improved to include digital asset and environmental, social, and governance (ESG) exposures, a step that brings the service into compliance with the ESG and digital assets reporting requirements of the Standards Board of Alternative… Read More >>
Navigating GIPS, SEC & ESG Rules: Q&A with Confluence
(Regulatory and industry standards compliance concerns are hitting home for many securities firms, and Kate Maryniak, head of product management for Revolution at Confluence Technologies, spoke with FTF News about them in the second half of our recent Q&A. Maryniak, who originally joined StatPro in 2001, has served in many client-facing roles to help deliver… Read More >>
BNY Mellon Helps Gauge ESG Levels of Collateral
BNY Mellon clients can now apply environmental, social, and governance (ESG) concerns to their collateral management choices via a capability for rating the ESG levels of securities that was added to BNY Mellon’s ESG Data Analytics offerings. The new capability is based upon access to MSCI ESG Ratings, according to BNY Mellon officials. The ESG… Read More >>
Broadridge Dashboard Offers ESG Views of Companies: Q&A
(Post-trade systems, services, and software provider Broadridge Financial Solutions recently launched the Broadridge ESG Performance Dashboard, an effort that is intended to present investors and shareholders with a wide view of companies and their Environmental, Social and Governance (ESG) ratings, officials say. ESG criteria “are a set of standards for a company’s operations that socially… Read More >>
Most Global Funds Still Support Pollution: CDP
“Money makes the world go round. The world go round.” So sang Joel Grey and Liza Minnelli. But don’t take it from “Cabaret,” set in the inter-war Weimar Era, or even from Christopher Isherwood’s “The Berlin Stories,” on which the big-screen, Oscar-winning musical was based. Money has always been the siren song of Wall Street,… Read More >>