Verisk Maplecroft collaborating with LGIM to power new Sovereign ESG Index funds offering
20 Abril 2023 - 6:00AM
Verisk Maplecroft collaborating with LGIM to power new Sovereign
ESG Index funds offering
Verisk Maplecroft, Verisk’s (Nasdaq: VRSK) global risk analytics
business, has today announced a new collaboration with Legal &
General Investment Management (LGIM), one of Europe's largest asset
managers, to power a new slate of investment products. LGIM plans
to utilise the depth, breadth and accuracy of Verisk Maplecroft’s
portfolio of ESG risk analytics, which outperformed alternative
data across a broad set of criteria, to develop Sovereign ESG Index
funds.
Verisk Maplecroft’s data forms part of Verisk’s
growing suite of sustainability and resilience exposure analytics,
which include extreme event models and global geospatial datasets
covering the full spectrum of ESG, political and climate risks.
Verisk Maplecroft’s sovereign ESG analytics draw on thousands of
different geospatial, unstructured, structured and expert-scored
subnational and national indicators, and a range of proprietary
modelling techniques. These allow it to generate dynamic and robust
assessments of the sovereign ESG issues that matter most.
According to Verisk Maplecroft, government debt
is key for markets both in terms of sheer volume and in setting a
baseline for risk premia in other asset classes. Governments, not
companies, are either directly responsible for, or ultimately
guarantee, almost all aspects of ESG. Research from the company
shows that ESG factors are increasingly relevant to market pricing,
whether as direct drivers or leading indicators of material risks
and opportunities.
“We are delighted to be working with LGIM on their new Sovereign
ESG Index funds”, said James Lockhart Smith, VP of Markets &
ESG at Verisk Maplecroft. “The scale of fast-evolving environmental
risks, as well as persistent social and governance deficits, has
increased the need for sovereign debt investment products that use
ESG criteria in an impactful way. Verisk Maplecroft sees this
relationship as critical to deepening ESG incorporation across
government bond markets.”
This means that investors aspiring to help
address the climate emergency, protect human rights and foster
sustainable development have to be able to reflect their values, as
well as drive change, via sovereign debt portfolios that are
aligned with ESG.
Lee Collins, Head of Index Fixed Income at LGIM
added: “We have exciting plans to develop new LGIM-designed
Sovereign ESG Index funds, driven by Verisk Maplecroft’s data.
There are an increasingly large set of clients who would like to
see deeper ESG integration for sovereign debt. It is an opportunity
to create indices consistent with clients’ values and this
collaboration will help us achieve that.”
The integration of ESG into sovereign bond
investments is evolving, as many investors begin to focus on how
best to integrate ESG into this asset class. This collaboration
will challenge the sovereign ESG paradigm by creating products that
seek to materially diverge from conventional selections and
issuance-weighted allocations.
-ENDS -
About Verisk Maplecroft Verisk Maplecroft, a
Verisk business (Nasdaq: VRSK), is a leading geospatial risk
analytics company specialising in global ESG and political risk
intelligence for institutional investors and multinational
corporations. The company combines the world’s most comprehensive
portfolio of global risk data with expert analysis to deliver an
integrated approach to risk, which enables clients to enhance the
sustainability and resilience of their investments and operations.
Among investment fund managers and asset owners, the company is a
trusted, independent source of data, intelligence and advice for
incorporating ESG, climate change, natural capital, human rights
and political risk factors across multiple asset classes, notably
sovereign debt. For more information
visit: www.maplecroft.com
About Verisk Verisk (Nasdaq: VRSK) is a leading
strategic data analytics and technology partner to the global
insurance industry. It empowers clients to strengthen operating
efficiency, improve underwriting and claims outcomes, combat fraud
and make informed decisions about global risks, including climate
change, extreme events, ESG and political issues. Through advanced
data analytics, software, scientific research and deep industry
knowledge, Verisk helps build global resilience for individuals,
communities and businesses. With teams across more than 20
countries, Verisk consistently earns certification by Great
Place to Work and fosters an inclusive culture where
all team members feel they belong. For more,
visit Verisk.com and the Verisk Newsroom.
About Legal & General Investment
Management Legal & General Investment Management is
one of Europe’s largest asset managers and a major global investor,
with total assets under management of £1.2 trillion1 ($1.4tn,
€1.4tn, CHF 1.4tn). We work with a wide range of global clients,
including pension schemes, sovereign wealth funds, fund
distributors and retail investors.
For more than 50 years, we have built our
business through understanding what matters most to our clients and
transforming this insight into valuable, accessible investment
products and solutions. We provide investment expertise across the
full spectrum of asset classes including fixed income, equities,
commercial property, and cash. Our capabilities range from
index-tracking and active strategies to liquidity management and
liability-based risk management solutions.
1 LGIM internal data as at 31 December 2022.
These figures include assets managed by LGIMA, an SEC Registered
Investment Advisor. Data includes derivative positions.
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