State Street Corporation has introduced a new solution, called the State Street Carbon Asset Servicing Solution, that provides fund administration and depositary services to help asset managers and owners integrate carbon-related assets into their portfolios. The solution simplifies the management of carbon assets and allows clients to incorporate them into both ESG and non-ESG portfolios, leveraging State Street’s back and middle-office capabilities. Additionally, the solution provides comprehensive fund administration and depositary services, including record-keeping, NAV calculation, and reporting, which enables clients to gain exposure to the growing asset class via spot and derivatives markets.
resource: https://esgnews.com/state-street-launches-global-carbon-asset-servicing-solution/