LONDON and BOSTON, Sept. 10, 2018 /PRNewswire/ -- Arabesque S-Ray®, a leading data source for environmental, social, and governance (ESG) metrics, and Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, today announced a strategic alliance that will enable Eagle clients to access and incorporate Arabesque S-Ray® sustainability data into their own investment platforms.
Demand for ESG-based investing has surged over the past decade, driven by changing attitudes among investors, regulatory bodies and wider society, which has in turn created increased demand for such sustainability data.
"We are delighted to be working with Eagle Investment Systems to offer its clients greater transparency on ESG performance through our proprietary technology, S-Ray®," said Andreas Feiner, CEO of Arabesque S-Ray®. "Eagle is a leader in providing investment institutions with innovative technology solutions that enable them to capitalize on current and emerging investment trends, and we believe that sustainability is very much the future of finance."
Arabesque S-Ray® is a tool that allows investors to monitor the sustainability performance of approximately 7,000 of the world's largest corporations (over 90% of the global market capitalization). By leveraging machine learning and big data, the technology systematically combines over 200 ESG metrics with news signals from over 50,000 sources across 15 languages enabling greater transparency into corporate behaviour and management. It is the first tool of its kind to rate companies on the normative principles of the United Nations Global Compact (GC Score), helpful for approximating reputational risks; and also provides an industry-specific assessment of companies' performance on financially material sustainability criteria (ESG Score).
"Many of our clients have expressed the need to incorporate ESG factors and filters to support socially responsible investing," said Joel Kornblum, Head of Strategic Alliances at Eagle Investment Systems. "This alliance helps our clients gain access to comprehensive up-to-date ESG data to help inform their investment decision-making. They will be able to easily and cost-effectively integrate the data they need especially as sustainable strategies become increasingly prevalent."
"With this alliance we are proud to offer another industry-leading solution through a comprehensive ecosystem designed to support our clients," Kornblum added.
Arabesque S-Ray ®
Arabesque S-Ray® is a tool that aims to provide increased transparency into corporate behaviour and management, leveraging ESG big data and machine learning technology. The quantitative methodology of Arabesque S-Ray® is designed to minimize human biases, providing an ever-increasing database of sustainability metrics that empowers all stakeholders to make better informed decisions. For more information on Arabesque S-Ray®, please visit www.arabesque.com/s-ray
Eagle Investment Systems
Eagle is committed to helping financial institutions worldwide grow assets efficiently with its award-winning portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESS(SM). Eagle deploys trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at http://www.eagleinvsys.com or follow us on Twitter @Eagleinvsys.
BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of June 30, 2018, BNY Mellon had $33.6 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
SOURCE Arabesque and Eagle Investment Systems
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