Fitch Solutions announced today that RIMES, an award-winning data management and regulatory technology specialist, has partnered with Fitch Solutions to include Fitch Ratings ESG Relevance Scores Data on RIMES’ Environmental, Social and Governance (ESG) Data Management service.
Fitch Ratings ESG Relevance Scores monitor the credit risk related to environmental, social and governance factors for entities and transactions rated by Fitch Ratings. They provide a transparent and easily comprehensible view of which issues are material and relevant to a credit assessment.
Scores are provided for the majority of Fitch Ratings publicly rated entities and transactions across corporates, banks, non-bank financial institutions, insurance, public finance (international and US municipal), global infrastructure and structured finance (ABS, CMBS, RMBS and covered bonds). There are over 140,000 data points which cover more than 10,000 issuers and transactions in the service. Data points include an overall ESG Relevance Score, individual E, S and G scores and 14 or 15 sub-scores depending on the sector.
Joo-Yung Lee, Managing Director of Credit Intelligence at Fitch Solutions, said: “Fixed income ESG data has been disparate, difficult to obtain and hard to work with. Our goal as a company is to solve this challenge and to provide clients with a transparent and easily comprehensible view of ESG credit risk factors. RIMES is an important partner in this journey, helping us get our data to users rapidly and in a format that is ready for immediate use. Working together, we provide a powerful tool for investment firms looking to make sense of the fast-growing ESG market.”
Alessandro Ferrari, CMO at RIMES, comments: “Our award-winning, Managed Data Services (MDS) platform includes the industry’s broadest ESG data catalogues. The addition of Fitch Ratings ESG Relevance Scores Data provides our clients with additional breadth and depth of options when it comes to understanding whether they are being sufficiently rewarded for ESG-associated risk: it represents an essential addition to our service. With ESG fast becoming one of the most important investment factors, we are committed to providing our clients with all the data they need to make the best decisions every single time.”