State Street Corp. has partnered with F&C Asset Management to offer ESG reporting services for global institutional investors to satisfy their responsibilities under the United Nations Principles for Responsible Investment, confirmed Anne Gilding, F&C spokeswoman.
The service is not customizable, but could be used by institutional investors as part of a best-in-class program for environmental, social and governance investing, Ms. Gilding said.
F&C already engages about 6,000 companies each year on issues such as climate change, corporate governance, bribery and corruption, and sustainability management and reporting.
“We are the first investment service provider to bring this service from F&C directly to institutional investors,” Wade McDonald, senior vice president and head of client management and sales for State Street's global services business in the U.K., Middle East and Africa, said in a joint news release with F&C. “As part of State Street's broader investment analytics suite of services, the ESG reporting service has the information needed to support our clients' fiduciary and regulatory duties, ensuring their investments in companies that demonstrate a global commitment to environmental and social responsibility and corporate governance.”