State Street has launched a carbon asset servicing solution and depositary services to enable clients to integrate carbon-related assets into their portfolios. State Street aims to simplify the management of carbon assets for clients. Additionally, clients accessing the solution will be able to incorporate carbon assets into both existing ESG and non-ESG portfolios, using State Street’s back and middle-office capabilities. State Street will provide a range of fund administration and depositary services, including recordkeeping, NAV calculation, reporting and other oversight functions.
