Attachment 1 - SEC Statement of Work (SOW).pdf

Page 1 of 3 Solicitation: 50310223Q0011

SEC Solicitation: 50310223Q0011 Attachment 1 – Statement of Work

ESG data subscription

Overview The Securities and Exchange Commission (SEC) requires enterprise subscription to comprehensive Environmental, Social, and Governance (ESG) data for domestic and foreign issuers, market indices, mutual funds and exchange traded funds (ETFs). The subscription shall provide direct user access via a Web browser.

Minimum Requirements (Note: the SEC will only accept responses from offerors that meet all of the minimum requirements stated below. Offerors must submit a completed and signed copy of Attachment 2 – Minimum Requirements Checklist certifying that they meet all minimum requirements).

1. The subscription shall provide GHG data (Scope 1 and 2, and other climate risk information, such as TCFD reporting) for domestic and foreign issuers of publicly traded equities and fixed income, as well as non-traded securities (e.g. non-traded real estate investment trusts). Scope 3 GHG data is not required but strongly preferred. If subscription does not currently offer Scope 3 data, the SEC requests timeframe estimate for when Scope 3 data will be made available and contractor shall agree to provide Scope 3 data at no additional charge to SEC once available within subscription.

2. The subscription shall provide underlying climate data per issuer.

3. The subscription shall provide climate data for domestic and foreign market indices (e.g., equity, fixed income, and sector indices).

4. The subscription shall provide climate data for domestic and foreign mutual funds, ETFs, CEFs, BDCs and private funds with Climate metrics for these equities. The subscription shall provide the fund name, description of fund, ticker symbol, ISIN, asset class, sector and CIK for these equities.

5. The subscription shall provide fund data including the composition/constituents (as permitted by licensing terms) of each fund and each of their ESG ratings.

6. The subscription shall provide CDP data.

7. The subscription shall provide ESG ratings data on both issuers and registered funds, including historical data.

8. The Subscription shall provide robust privacy safeguards to ensure users’ search activities are well protected, including a secure encrypted data feed, and the subscription shall provide ability to anonymize user credentials.

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Preferred Specifications (Note: the following specifications are preferred but not required to submit quote for this procurement. However, any preferred specifications offered by awardee will become requirements of the resultant contract).

1. The subscription shall use modeled or proxy data when actual data does not exist.

2. The subscription shall include data that provides a list of proxy votes and their results (as well as how shareholders voted). If available, this data shall be provided for domestic and foreign mutual funds and exchange traded funds (ETFs). If available, the subscription shall provide proxy data for CEFs, BDCs, and private funds. The SEC prefers this functionality be offered with data tags that can be searched on relevant fields.

3. The subscription shall harness ESG information from fund and public issuer disclosure filings.

The SEC prefers this functionality be offered with tool that can incorporate future disclosure requirements (once ruling is finalized) or provide disclosure analysis and has search features within a company’s annual and/or quarterly filings.

4. The subscription shall include data and information provided by funds and public issuers in non-regulatory filings such as sustainability reports and other website content. The SEC prefers this functionality be offered with tool that provide strong search features for what is being reported in sustainability reports, earnings transcripts, or other reports.

5. The subscription shall provide information on how shareholders engage with management on ESG matters.

6. The subscription shall provide data on issuers that have made NetZero Pledges.

7. The subscription shall provide data for asset-backed/ structured securities (e.g., auto, residential or commercial mortgage-backed securities).

8. The subscription shall provide access to companies’ responses to CDP’s annual questionnaires.

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Data Provisioning, Accessibility and Support Requirements

1. The subscription shall allow for enterprise sharing of all data within the SEC.

2. The contractor shall provide methodology used to calculate all ESG rating components, as well as overall ratings upon request from the SEC.

3. The subscription shall include historical ratings data, going back to at least 2018 when possible.

4. The subscription shall allow for changes to be easily detectable for ratings in historical and current datasets.

5. The contractor shall provide technical support by phone during normal business hours to users in need of assistance including for questions related to data interpretation and ratings methodology.

6. The contractor shall provide dedicated onboarding support and training to SEC users, including refresher training sessions during the contract period of performance.

7. The contractor shall provide usage reports to designated SEC staff. The reports shall show, at a minimum, the number of logins and most recent login for SEC users of the subscription.