State Street has formed a strategic engagement with S&P Global Trucost that brings together State Street’s recently launched ESG Risk Analytics and Reporting capabilities and Trucost’s climate data and analytics. 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 ESG services.
State Street will offer its clients access to Trucost’s environmental data through its reporting and analytics platforms. This functionality will allow clients to access carbon footprint and other environmental data mapped to their portfolios, as well as TCFD reporting features, applying Trucost’s Carbon Earnings at Risk, Paris Alignment, and Physical Risk data intelligence.