Eagle clients to benefit from access to ESG data on thousands of corporations through Arabesque S-Ray®.
Arabesque S-Ray®, a leading data source for environmental, social, and governance (ESG) metrics, and Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, today announced a strategic alliance that will enable Eagle clients to access and incorporate Arabesque S-Ray® sustainability data into their own investment platforms.
Demand for ESG-based investing has surged over the past decade, driven by changing attitudes among investors, regulatory bodies and wider society, which has in turn created increased demand for such sustainability data.
“We are delighted to be working with Eagle Investment Systems to offer its clients greater transparency on ESG performance through our proprietary technology, S-Ray®,” said Andreas Feiner, CEO of Arabesque S-Ray®. “Eagle is a leader in providing investment institutions with innovative technology solutions that enable them to capitalize on current and emerging investment trends, and we believe that sustainability is very much the future of finance.”
Arabesque S-Ray® is a tool that allows investors to monitor the sustainability performance of approximately 7,000 of the world’s largest corporations (over 90% of the global market capitalization). By leveraging machine learning and big data, the technology systematically combines over 200 ESG metrics with news signals from over 50,000 sources across 15 languages enabling greater transparency into corporate behaviour and management. It is the first tool of its kind to rate companies on the normative principles of the United Nations Global Compact (GC Score), helpful for approximating reputational risks; and also provides an industry-specific assessment of companies’ performance on financially material sustainability criteria (ESG Score).
“Many of our clients have expressed the need to incorporate ESG factors and filters to support socially responsible investing,” said Joel Kornblum, Head of Strategic Alliances at Eagle Investment Systems. “This alliance helps our clients gain access to comprehensive up-to-date ESG data to help inform their investment decision-making. They will be able to easily and cost-effectively integrate the data they need especially as sustainable strategies become increasingly prevalent.”
“With this alliance we are proud to offer another industry-leading solution through a comprehensive ecosystem designed to support our clients,” Kornblum added.