UK/US - State Street has teamed up with F&C Investments to provide an environmental, social and governance (ESG) reporting service to help investors meet their stewardship goals.
State Street said F&C's ESG reporting service would benefit investors such as pension fund managers and trustees seeking to implement best practice responsible investment and enhance the long term value of their investments. Clients will also be able to access ESG engagement reports on mystatestreet.com.
Wade McDonald, head of client management and sales for State Street's Global Services business in the UK Middle East and Africa said "We are the first investment service provider to bring this service from F&C directly to institutional investors. As part of State Street's broader investment analytics suite of services, the ESG reporting service has the information needed to support our clients' fiduciary and regulatory duties, ensuring their investments in companies that demonstrate a global commitment to environmental and social responsibility and corporate governance."
Karina Litvack, head of governance and sustainable investment at F&C added: "Partnering with State Street for this new service will enable their clients to be better informed on ESG issues and better placed to assess any potential ESG risks and opportunities, key factors in investment decisions today."
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.