FactSet integrates ESG metrics for China

Rick Steves

FactSet will integrate OneConnect’s AI-powered ESG content sets into its workstations, standard data feed, and APIs to make available ESG metrics for over 3,500 Chinese class A-share companies.

cysec

FactSet has teamed up with Ping An’s OneConnect Financial Technology for an ESG metrics offering for companies incorporated in China.

The increased focus on the ESG theme by the political sphere and the media has recently pushed the trading industry into adopting measures that facilitate the investment in companies more prone to preserve the environment and in line with societal values.

FactSet will integrate OneConnect’s AI-powered ESG content sets into its workstations, standard data feed, and APIs to make available ESG metrics for over 3,500 Chinese class A-share companies.

OneConnect has gathered extensive information regarding companies listed on the Shanghai and Shenzhen Stock Exchanges, with comprehensive coverage of ESG factors, derived from a combination of different sources of information obtained by AI technologies.

FactSet will integrate OneConnect’s analytics tools and content, including NLP-driven disclosure transparency assessments, portfolio sustainability performance evaluation and adjustment, and a climate risk evaluation tool.

Tom Griffiths, Senior Vice President APAC of FactSet, said: “ESG investing is accelerating globally and client demand is high for information on companies in China. Working with Ping An to strengthen FactSet’s ESG offering is an exciting step as we further expand integrated workflow solutions for our global client base. Combining OneConnect’s leading content with FactSet’s suite of applications will offer investment professionals a differentiated perspective on ESG impacts in the Chinese market.”

Ye Wangchun, Chairman and CEO of OneConnect, commented: “We are excited to build this partnership with FactSet. By integrating OneConnect’s AI-ESG information sets into FactSet’s powerful investment data and technology platform, investors can expand both the breadth and depth of their ESG investments, drawing on a broader set of China-focused ESG content and tools.”

The ESG content aims to help investors better integrate ESG measurements into their investment processes. It will soon be available in the FactSet workstation as well as via standard data feed and APIs.

OneConnect has recently partnered with Singapore Exchange (SGX) to build an environmental, social, and governance (ESG) platform that simplifies the ESG disclosure processes of companies listed on the venue.

The platform will help companies listed on SGX to efficiently manage and make their sustainability disclosures for possible benchmarking more transparent. It also 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.

OneConnect’s platform features workflow management systems, report and visualization modules, and an ESG disclosure framework mapping. The firm has recently teamed up with Chinese firm Ping An to deliver ESG solutions for companies outside of China.

Trading venues across the world are updating their infrastructure in order to address the ESG theme demanded by investors. SIX Group has recently acquired Canada-based Orenda Software Solutions, an AI-powered platform specialized in ESG and alternative data sets.

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