BNY Mellon has introduced a suite of reporting tools to enable institutional investors evaluate ESG factors and United Nations Global Compact (UNGC) principles in investments.
The move is said to be in response to rising demand for ESG scoring among investors, with an aim to enhance risk management practices.
Go deeper with GlobalData
The demand for regulatory requirements associated with ESG is said to have particularly increased after the European Union’s enactment of Directive on Pensions (IORP II).
The new proposition will enable clients to gain access to their total ESG and UNGC scores on equities at the account level compared to relevant benchmarks.
Besides, the tools will allow users to see ESG and UNGC scores at a company level to gauge their sustainability.
In order to source data for these reports, the firm has tied up with Arabesque S-Ray that measures the sustainability of firms using machine learning.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBNY Mellon managing director of global risk solutions in EMEA Fraser Priestley said: “This new service expands upon our existing post trade compliance monitoring service, which enables clients to screen and track their investments based on social and ethical factors.
“We believe our new service around ESG metrics will be particularly helpful to a number of European pensions who, under a directive known as IORP II, are required to disclose the relevance and materiality of ESG factors and how they are taken into account for risk management processes.”
