State Street launches global carbon asset servicing solution

State Street Corporation has launched the Carbon Asset Servicing Solution, which will allow asset managers, asset owners, and other financial services institutions around the world to integrate carbon-related assets into their portfolios as the demand for the asset class continues to grow. 

Additionally, clients accessing the solution can incorporate carbon assets into existing ESG and non-ESG portfolios, leveraging State Street’s back and middle-office capabilities. 

It also provides: 

• a range of fund administration and depositary services, including recordkeeping, NAV calculation, reporting and other oversight functions; and 
• integration of carbon assets into State Street’s core investment servicing offering.