HSBC Launches AI-Powered Index Tracking Companies with “ESG Momentum”
HSBC announced the launch of the HSBC ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Risk Improvers Index, aimed at tracking the performance of companies expected to benefit financially from improvements in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risk.
The new index was launched in partnership with ESG-focused financial technology company Arabesque AI, and will be powered by data from ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Book, an ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data and analytics platform developed by Arabesque AI.
According to Patrick Kondarjian, Global Head of Sustainability for Markets & Securities Services at HSBC, while traditional ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. investment approaches such as best-in-class that target high ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. ratings are agnostic to whether the stock’s ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. credentials have recently improved or deteriorated, the new index will enable investors to “gain exposure to stocks exhibiting ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. momentum — a useful financial indicator of future performance.”
The index will track the performance of over 1,000 liquid stocks of global companies, with ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Book measuring ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risk by calculating a score using artificial intelligence in the form of natural language processing, to mine public sources such as ESG-related news and NGO data daily. Arabesque AI will provide an “ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. momentum score” every six months for each constituent, determining if each has seen a change in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. credentials. The companies said that investors will be able to use a range of products to allocate capital towards ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. improvers.
Yasin Rosowsky, Co-Founder and VP of Engineering, Arabesque AI, said:
“Based on our back-tested data, tilting investments towards stocks exhibiting ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. momentum showed excess returns per annum versus S&P global benchmarks during the same period. In other words, there is a positive correlation between companies transitioning to more sustainable business practices and their returns.”
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