LONDON, (November 21, 2023) — ISS ESG, the sustainable investment arm of ISS STOXX, today announced it has been awarded a contract by the Baden-Württemberg Ministry of Finance to provide sustainability data to support the state’s financial investments.
By way of background, the state parliament passed its law for sustainable financial investments in Baden-Württemberg in March 2023. The law defines sustainability as the fourth investment criterion alongside profitability, liquidity, and security. To be considered sustainable, a financial investment must meet the 1.5-degree target of the Paris Climate Protection Agreement and it must not violate the United Nations’ Sustainable Development Goals (SDGs) or hinder the six environmental goals of the EU Taxonomy.
In addition to the Baden-Württemberg Ministry of Finance, all state holdings and foundations affected by the law on sustainable financial investments, with a total of around 17 billion euros in financial assets, including pension assets amounting to approximately eleven billion euros, can use the ISS ESG data.
Till Jung, Managing Director, Head of ISS ESG said: “We are honored to have been awarded the contract to support the State of Baden-Württemberg’s Financial Investments, to ensure its sustainable investment criteria are applied uniformly.”
ISS ESG is leveraging a broad range of its robust data solutions to support the mandate, including carbon and climate, energy and resources, EU Taxonomy alignment, SDG impact, norms-based research, controversial weapons, sector-based screening, and ESG country ratings.
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About ISS ESG
ISS ESG solutions enable investors to develop and integrate sustainable investing policies and practices, engage on responsible investment issues, and monitor portfolio company practices through screening solutions. ISS ESG also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. For more information, please visit us at: www.iss-esg.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball, Executive Director, Communications
press@issgovernance.com
ISS ESG Awarded Contract to Provide Sustainability Data for the Financial Investments of the State of Baden-Württemberg
LONDON, (November 21, 2023) — ISS ESG, the sustainable investment arm of ISS STOXX, today announced it has been awarded a contract by the Baden-Württemberg Ministry of Finance to provide sustainability data to support the state’s financial investments.
By way of background, the state parliament passed its law for sustainable financial investments in Baden-Württemberg in March 2023. The law defines sustainability as the fourth investment criterion alongside profitability, liquidity, and security. To be considered sustainable, a financial investment must meet the 1.5-degree target of the Paris Climate Protection Agreement and it must not violate the United Nations’ Sustainable Development Goals (SDGs) or hinder the six environmental goals of the EU Taxonomy.
In addition to the Baden-Württemberg Ministry of Finance, all state holdings and foundations affected by the law on sustainable financial investments, with a total of around 17 billion euros in financial assets, including pension assets amounting to approximately eleven billion euros, can use the ISS ESG data.
Till Jung, Managing Director, Head of ISS ESG said: “We are honored to have been awarded the contract to support the State of Baden-Württemberg’s Financial Investments, to ensure its sustainable investment criteria are applied uniformly.”
ISS ESG is leveraging a broad range of its robust data solutions to support the mandate, including carbon and climate, energy and resources, EU Taxonomy alignment, SDG impact, norms-based research, controversial weapons, sector-based screening, and ESG country ratings.
###
About ISS ESG
ISS ESG solutions enable investors to develop and integrate sustainable investing policies and practices, engage on responsible investment issues, and monitor portfolio company practices through screening solutions. ISS ESG also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. For more information, please visit us at: www.iss-esg.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball, Executive Director, Communications
press@issgovernance.com
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