State Street Partners with Climate Data Provider

State Street announced a strategic engagement with S&P Global Trucost that brings together State Street’s newly announced ESG Risk Analytics and Reporting capabilities and Trucost’s climate data and analytics according to a story in MarketsMedia news. The agreement will allow State Street to overlay Trucost’s data intelligence on the risks and opportunities of climate change to build on State Street’s existing client-focused ESG services, offering available intelligence solutions to its clients holding assets totaling more than US$40 trillion. As a result of this engagement, State Street will offer its clients the opportunity to access Trucost environmental data through the reporting and analytics capabilities of State Street’s platforms. This functionality allows clients to access carbon footprint and other environmental data mapped to their portfolios, as well as increasingly influential Taskforce on Climate-related Financial Disclosure (TCFD) reporting features, applying Trucost’s Carbon Earnings at Risk, Paris Alignment, and Physical Risk data intelligence.