# CalSTRS to be First to Use Breakthrough Online Solution Providing Financial Professionals with Performance Data Based on Major Environmental Criteria

- Link: https://greenlivingguy.com/2011/08/calstrs-to-be-first-to-use-breakthrough-online-solution-providing-financial-professionals-with-performance-data-based-on-major-environmental-criteria/
- Published: 2011-08-23T00:38:42-04:00
- Author: greenlivingguy

In a major step forward for investment analysts, the extensive environmental performance
data available from Trucost will now be accessible for the first time over FactSet.
This will allow investors to seamlessly embed environmental risk management into
their everyday decision making, alongside traditional financial metrics.

The new partnership creates an integrated approach to analyzing the environmental
performance and associated financial risk of all companies across the major investment
indices, including carbon, water, waste, pollution and natural resource dependency.

The firms said that CalSTRS already use Trucost data over the FactSet network. Trucost
has been helping the investment community to manage environmental risk for over 
10 years. Its data has been used to analyse the environmental performance of funds
worth over US$2.7trillion, working with clients such as Standard and Poor’s, [UBS](https://greenlivingguy.com/2022/10/blink-charging-and-ubs-powering-the-future-of-electric-vehicles/)
and Vanguard.

Joppe Coelingh Bennink, FactSet Sales, said, “FactSet strives to give our users 
access to information from premier firms, so this agreement fits perfectly within
our tradition.  Our partnership with Trucost provides FactSet users with a robust
and comprehensive environmental data set to let them manage environmental risk alongside
traditional financial metrics.”

James Salo, senior vice president, Trucost said: “The current era of natural resource
constraints and rising commodity prices combined with the trend towards national
policy on ‘polluter pays’ regulations, make it increasingly important to enable 
mainstream investors to manage environmental risk. And it’s not just about managing
risk. Following our work with Newsweek on their Green Ranking of America’s largest
companies, we have seen outperformance of almost 10 percent among the top 100 companies
versus the S&P500 over the last two years.”

Trucost CEO Richard Mattison said: “Environmental issues will both create winners
and losers and change business models. Companies that are more environmentally efficient
than their sector peers stand to achieve competitive advantage from reduced [environmental costs](https://greenlivingguy.com/2022/10/environmental-costs-of-social-media-usage-today/),
security of supply and positive customer perception. Providing Trucost data over
the FactSet platform enables investors to identify risk and opportunity by integrating
environmental metrics into their traditional holding and fund level analysis.”