Frequently asked questions
+ When does Util launch?
Util is currently working with two asset manager partners and its academic advisory board to deliver its methodology and data to the investment community later in 2018. If you wish to pilot Util's methodology please get in touch with us.
+ Who uses Util?
Institutional asset managers use Util to screen, monitor and report based on a new bottom line. Asset owners use Util to screen, monitor and report funds based on holistic value generation.
+ Tell me more about Util's products.
Util will launch a subscription data service to its clients in Q4 2018, in the form of an API and an online dashboard. In addition, Util will provide passive asset managers with bespoke indexes, focusing on region and industry specific UN Sustainable Development Goal alignment.
+ How many companies does Util cover?
Util currently covers the MSCI World, in addition to partial coverage of 23,000 global listed equities.
+ What asset classes does Util cover?
Util’s methodology and data is designed for listed equity analysis and therefore can be used by equity and corporate fixed income managers.
+ Who audits Util's methodology?
Hermes Investment Management audits Util's methodology, using a comprehensive scorecard covering accuracy, objectivity, data quality, among others.
+ How does Util collect data?
Util uses three methods of collecting data. The first is the acquisition of data relating to company disclosure. The second concerns partnerships with stakeholder specific data and analytics providers. The third involves Util’s acquisition and analysis of proprietary data, using machine learning and data science to gather unique data sets in support of its methodology.
+ How does Util ensure objective analysis?
Util only gathers evidenced, quantified data in support of its methodology. Instead of policies and company commitments, Util gathers data relating specifically to performance, including number of training hours, gross volume of scope 1 and scope 2 emissions, dollar value of dividends paid, among others.
+ Why does Util align with the UN Sustainable Development Goals?
The UN Sustainable Development Goals (SDGs) provide a consensus view of the 17 global challenges facing our planet. Util’s methodology places equal importance on all SDGs and aligns all areas of value creation to SDGs: a company might create value by investing in its employees, which is subsequently aligned to SDG #8, Decent Work and Economic Growth.
+ What theory underpins Util's methodology?
Util’s methodology is underpinned by a number of theories, developed across disciplines. Util’s new bottom line seeks to use and mirror accounting and valuation methods, layering on the Integrated Reporting ‘multiple capitals’ framework and learning from Effective Altruism's sophisticated quantification of non-financial value to arrive at an accurate articulation of company value creation. If you would like to find out more about our methodology and theory please get in touch with us.
+ Is Util FCA authorised?
Util is authorised by the Financial Conduct Authority in the UK