Friday, April 16, 2021

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.

“ESG investing is accelerating globally and client demand is high for information on companies in China,” said Tom Griffiths, Senior Vice President, Asia Pacific, FactSet. “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.”

Read Martin Heibel’s interview: How the Sales Paradigm Will Evolve Post COVID-19

“We are excited to build this partnership with FactSet,” said Ye Wangchun, Chairman and CEO of OneConnect. “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.”

OneConnect’s ESG content will be available in the coming months in the FactSet workstation as well as via standard data feed and APIs.

Latest news

Brevan Electronics and NewPower Worldwide Announce Strategic Partnership Amid Global Component Shortage

Women-owned franchised distributor Brevan Electronics has partnered with the world's top independent distributor, NewPower Worldwide, to provide its customers with alternative supply chain solutions...

Shareholders Approve the Proposed Acquisition of Inphi Corporation; Shareholders Approve Marvell’s Reorganization of the Combined Company into Delaware

Marvell Technology Group Ltd. (NASDAQ: MRVL) ("Marvell") announced that its shareholders have voted to approve the previously announced proposed acquisition of Inphi Corporation, Inc. (NASDAQ: IPHI)...

Koch Equity Development Affiliate Reaches Agreement to Acquire Transaction Network Service in Long-Term Growth Strategy

An affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc. (collectively, “Koch”), has announced that it has agreed...

Alfa-Bank Automates Model Monitoring with FICO Platform, Cuts Reporting Time by 90 Percent

Leading Russian bank wins 2021 FICO Decisions Award for Regulatory Compliance Highlights: Alfa-Bank, the largest universal privately owned bank in Russia, has used FICO® Decision Central™ to...

Placer.ai Launches Marketplace to Bring Leading Data Tools Together

Initial launch partners Experian, Synergos, and Spatial.ai enable customers to layer new and advanced data sets on Placer.ai's dashboard and tools Placer.ai, the leader in...

Health Gorilla and Triple-S Enter Strategic Collaboration to Power Payer Data Exchange

Health Gorilla, a leader in clinical data APIs, and Triple-S, an independent licensee of the Blue Cross Blue Shield Association and the largest health...

Related news

Brevan Electronics and NewPower Worldwide Announce Strategic Partnership Amid Global Component Shortage

Women-owned franchised distributor Brevan Electronics has partnered with the world's top independent distributor, NewPower Worldwide, to provide its customers with alternative supply chain solutions...

Shareholders Approve the Proposed Acquisition of Inphi Corporation; Shareholders Approve Marvell’s Reorganization of the Combined Company into Delaware

Marvell Technology Group Ltd. (NASDAQ: MRVL) ("Marvell") announced that its shareholders have voted to approve the previously announced proposed acquisition of Inphi Corporation, Inc. (NASDAQ: IPHI)...

Koch Equity Development Affiliate Reaches Agreement to Acquire Transaction Network Service in Long-Term Growth Strategy

An affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc. (collectively, “Koch”), has announced that it has agreed...

Alfa-Bank Automates Model Monitoring with FICO Platform, Cuts Reporting Time by 90 Percent

Leading Russian bank wins 2021 FICO Decisions Award for Regulatory Compliance Highlights: Alfa-Bank, the largest universal privately owned bank in Russia, has used FICO® Decision Central™ to...

LEAVE A REPLY

Please enter your comment!
Please enter your name here