China ESG - Weekly News: FactSet and Ping An to Offer ESG content and Analytics on Chinese companies
FactSet and Ping An to Offer Investors ESG Content and Analytics on Chinese Companies
FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An”, HKEX: 2318; SSE: 601318) today announced a joint offering for investors considering environmental, social and corporate governance (ESG) metrics for companies incorporated in China.
The offering will be launched by FactSet and Ping An’s associate company OneConnect Financial Technology Co., Ltd. (hereafter “OneConnect”, NYSE:OCFT), a leading technology-as-a-service platform for financial institutions in China. FactSet will integrate OneConnect's artificial intelligence (AI)-driven ESG content sets into its workstations, standard data feed, and application programming interfaces (APIs) to accelerate the availability of ESG metrics for over 3,500 Chinese class A-share companies.
OneConnect offers comprehensive coverage of ESG factors and assessments for companies listed on the Shanghai and Shenzhen Stock Exchanges. These factors are derived from a combination of different sources of information obtained by AI technologies, such as natural language processing (NLP). OneConnect also provides a range of analytics tools in addition to the content that will be integrated into FactSet, such as NLP-driven disclosure transparency assessments, portfolio sustainability performance evaluation and adjustment, and a climate risk evaluation tool to help investors better integrate ESG measurements into their investment processes.
Source: Global NewWire
China’s Harvest in Hong Kong to list China ESG ETF
Harvest Global Investments, the wholly-owned subsidiary of Beijing-headquartered Harvest Fund Management, will be listing its first ESG ETF in Hong Kong on 10 March, according to a statement from the firm.
The Harvest CSI 300 ESG Leaders Index ETF has also been added on Hong Kong’s Securities and Futures Commission’s (SFC) list of ESG-approved funds, which include products that meet ESG disclosure requirements aimed at countering greenwashing, according to SFC records.
The product will track the performance of the CSI 300 Harvest ESG Leaders Index. According to the firm, it should provide investors exposure to the top 100 high quality listed Chinese companies identified by Harvest’s proprietary ESG research framework.
Source: Fund selector Asia
Qontigo to Expand Sustainable Offering through Partnership with Chinese ESG Data Provider IIGF
Qontigo, an investment intelligence leader and provider of best-of-breed analytics and world-class indices, has announced an exclusive agreement with the International Institute of Green Finance (IIGF), a provider focused on ESG ratings for Chinese companies – across both fixed income and equities. The partnership will enable Qontigo to develop indices under the STOXX brand names as well as to integrate the data within their leading Axioma portfolio construction and risk management software.
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