ISS has also established a policy that it will not provide proxy research or other analytical research on Deutsche Börse.
Deutsche Börse has completed the acquisition of Institutional Shareholder Services (ISS), an ESG data and analytics provider.
With an 81% majority stake, the exchange operator has strengthened the focus on sustainable investing and acquired a complementary business to Deutsche Börse’s value chain, while assuring the ISS research offering will retain full editorial independence.
The ESG theme has swept the trading industry. Virtually all market infrastructure companies are getting on board the ESG train as investor demand for values-based investing goes through the roof.
The only way to make ESG investing credible is to make sure there is independent and quality extra-financial data, research, and analytics. Only that allows market participants to make well-informed investment decisions with a particular view on sustainability criteria.
Stephan Leithner, Member of the Executive Board of Deutsche Börse AG, said: “The quality, precision, and breadth of ISS’ data and research is unique in the market. Especially the company’s ESG expertise and data capabilities are highly complementary to Deutsche Börse’s businesses along the entire value chain. This acquisition, therefore, is a logical step in our ESG growth strategy, adding an important piece to the puzzle to become one of the world’s leading market infrastructure players on this critical development.”
Gary Retelny, President and CEO of ISS, commented: “We are pleased to be joining the Deutsche Börse group of companies and look forward to working with our new colleagues in furtherance of our long-standing mission to empower investors and companies to build for long-term and sustainable growth. ISS will continue to deliver the same independent and high-quality research, ratings, and other offerings our clients have come to expect, and we will continue to invest and innovate to ensure they receive next-generation solutions.”
Deutsche Börse’s current offering includes ESG indices via its index and analytics provider Qontigo and ESG derivatives via its derivatives exchange Eurex. The exchange operator has also recently taken a minority stake in ESG analytics provider Clarity AI.
To ensure editorial independence at ISS, the group has put in place a number of non-interference policies. ISS has also established a policy that it will not provide proxy research or other analytical research on Deutsche Börse.
ISS operates worldwide across more than 30 global offices in 15 countries and caters to more than 4,000 clients, including many of the world’s leading institutional investors.
SEC boosts oversight to address corporate greenwashing
The Securities and Exchange Commission is about to get more aggressive on climate-related disclosure in public company filings.
Acting Chair Allison Herren Lee, Director of the Division of Corporation Finance at the SEC, has announced her staff will review the extent to which public companies address the topics identified in the 2010 guidance regarding disclosure of climate change matters.
The SEC’s enhanced focus in this area will have the staff assessing compliance with disclosure obligations under the federal securities laws, engage with public companies on these issues, and absorb critical lessons on how the market is currently managing climate-related risks, the announcement said.
The SEC intends to update the 2010 guidance to take into account developments in the last decade.
SEC’s Acting Chair Allison Herren Lee, said: “Now more than ever, investors are considering climate-related issues when making their investment decisions. It is our responsibility to ensure that they have access to material information when planning for their financial future. Ensuring compliance with the rules on the books and updating existing guidance are immediate steps the agency can take on the path to developing a more comprehensive framework that produces consistent, comparable, and reliable climate-related disclosures”.
The trading industry has taken ESG policy and popularity to heart and has recently entered a momentum of new ESG-related trading services, analytics, listings, and Eco trading accounts.
Singapore Exchange has this week partnered with OneConnect to build an ESG disclosure platform that addresses common challenges faced by companies and investors such as lack of comparability, changing investors’ demand, as well as the evolving business landscape and regulations.
In the field of ESG analytics, SIX Group acquired Canada-based Orenda which analyzes and quantifies social media data to provide insights, quantify public perception, and identify values that resonate with customers and stakeholders. Refinitiv launched an AI-based engine that locates content pertaining to specific companies as well as cities, regions, and countries while excluding corporate press releases, corporate websites, and regulatory filings. In sum, it minimizes the impact of corporate “greenwashing.”
Retail FX brokerage CedarFX launched an Eco Account, where traders who opt to use this particular product will be charged a $1 commission fee per lot traded, which will be matched by CedarFX at the end of each month, for carbon reduction.
One of the most important events for every Bitcoin user and investor is upon us. The event known as halving plays a pivotal role in the Bitcoin system, and it will affect its value, as well as supply and demand.
“Their participation further strengthens our collective efforts to drive positive industry change and greater sustainability in the global markets trading industry.”
“The launch of ODP will strengthen HKEX’s capability to support the needs of global investors, and cement Hong Kong’s leading position as Asia’s risk management centre and an international financial centre.”
The team at Quadcode includes Kirill Bolotov, CEO of Quadcode SaaS, as well as Vitaliy Makarenko, Chief Commercial Officer, overseeing commercial strategies and development. Yuri Zorin holds the position of Chief Technical Officer, responsible for the technical direction and innovation at Quadcode.
Recent developments in the currency markets depict contrasting trajectories for the US dollar (USD) and the British pound (GBP). While the USD continues its upward trend, bolstered by a series of positive performances, the GBP finds its footing amidst a backdrop of mixed economic indicators.
The podcast is hosted by Jamie Dutta, Global Market Analyst at Vantage, who will deliver 10-15 minute monthly episodes, covering a wide range of pertinent topics including the circular economy, AI’s role in shaping the future, the santa rally, safe-haven assets, and more. Each episode aims to equip traders with valuable knowledge and actionable insights to build on their trading endeavors.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.