ISS ESG will provide sustainability data that will help drive investment decision making by Germany’s Baden-Wurttemberg state government.
The sustainability arm of ISS STOXX said the contract will see the financial research and technology company support the state’s mandate to invest its public funds in sustainable assets. That will include supplying data and metrics on carbon and climate, energy and resources, EU Taxonomy alignment and other investment themes.
The southern state of Baden-Württemberg, which is centred on Stuttgart, has a total of around €17 billion of assets. Its parliament passed a law earlier this year that added sustainability to a list of asset characteristics that must shape its investment decisions, alongside profitability, liquidity and security.
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