CUSIP Global Services (CGS) has entered into a partnership with ISS ESG Muni QualityScore (formerly ACRe Data Inc.) to provide two new mapping files that link municipal CUSIP identifiers with corresponding environmental, social and governance (ESG) scores and other geographic and socioeconomic information relevant to each municipal bond issuer.
By pairing the CUSIP ID with ISS ESG's localized ESG scoring data, the new data files will give institutional and retail investors a clearer perspective on ESG risk assessments of their municipal bond portfolios.
The CUSIP is a nine-character alphanumeric security identifier that captures the unique attributes of issuers and their financial instruments throughout the U.S. and Canada. In the municipal bond market, the CUSIP is used by investors to uniquely identify and track municipal securities and link them with the underlying issuing entity (e.g. a municipal water treatment facility or a school system).
Through this partnership with ISS ESG, CGS will link to geographic, socioeconomic and other regional data, along with ESG scoring related to each municipal ID.
Under the partnership, CGS and ISS ESG will link the first six characters of the unique CUSIP ID for each municipal issue with the geographic identifier (GEOID) hierarchy for the issuer, including state, county, city and school district level detail.
The GEOID is a unique geographic identifier assigned by the U.S. Census Bureau to administrative/legal and statistical geographic areas. That GEOID-level detail is then paired with ISS ESG’s proprietary ESG scoring rubric, giving market participants insight into what level of exposure their municipal securities have to certain ESG attributes.
CGSACRe: This data file will link the first six characters of the CUSIP ID to the GEOID hierarchy for the issuer, supporting the mapping of state, county, city and census tract-level socioeconomic, climate risk, environmental and crime data to the underlying municipal bond issuer.
CGSACReESG: This data file will include all of the information provided in the CGSACRe file, along with ISS ESG’s proprietary ESG scoring data, giving investors a direct link between underlying municipal issuer and ESG exposure.
The financial services industry relies on CGS’ unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 years has helped CGS earn its reputation as a trusted originator of quality identifiers and descriptive data, ensuring that essential front- and back-office functions run smoothly. Relied upon worldwide as the industry standard provider of reliable, timely reference data, CGS is also a founding member and co-operates the Association of National Numbering Agencies (ANNA) Service Bureau, a global security and entity identifier database for over 34 million public and privately traded instruments, contributed by 116 national numbering agencies providing ISIN coverage across more than 200 jurisdictions.. CGS is managed on behalf of the American Bankers Association (ABA) by S&P Global Market Intelligence, with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its 2 million employees. Learn more at www.aba.com.
To license either file - please contact support @acredata.com
Q. How often are the files updated?
A. CUSIP/ GEOID, and CUSIP/GEOID/ESG files are updated within 30 days of each calendar quarter end