US financial technology firm MerQube and Impact Cubed, a UK-based provider of environmental, social and governance data, have teamed up to offer bespoke ESG indices.
They will leverage their respective capabilities to offer tailored strategies that will allow investors to create indices that mirror their precise sustainability goals across more than 100 ESG factors, MerQube says in a statement on November 22.
“The partnership ensures that each index is grounded in empirical ESG data, offering a clear and measurable impact that can be reported to both clients and the regulator,” the firm says.
According to MerQube Chief Executive Officer Vinit Srivastava, these benchmarks “not only reflect but propel investors’ sustainability agendas”.
“The evolution of ESG indices demands next generation products that are transparent and bespoke,” he says.