German wealthtech firm QPLIX has integrated Environmental Social Governance (ESG) scoring data on securities into its wealth management platform.
The move enables private banks, asset managers, family offices, trusts, and foundations to cater to the increasing demand from investors for information ESG factors.
The integration of ESG data, as well as new features, will allow users of QPLIX software to have an overview of their asset portfolio from the ecological or social perspective.
They will be able to generate sustainability investment reports with just a click and interactively evaluate their assets according to sustainability criteria in a dashboard at any time, said QPLIX.
Moody’s subsidiary VE and its partner imug | rating are providing the ESG data to QPLIX. The company said its possible to integrate data from other providers into the QPLIX platform, if necessary.
QPLIX co-founder, and co-CEO Kai Linde said: “With their investment decisions, capital investors play a key role in the transformation towards a more sustainable economic system.
“Wealth managers need the right data and tools at hand to identify, together with their clients, which investments are sustainable, and which are not.
“Therefore, it was a logical step for us to integrate ESG data into our platform, and automated asset management processes.”
Everything at a glance
QPLIX allows all parties involved in the decision-making process to view the ESG ratings of the investments via the sustainability dashboard and through reports in the client’s individual design.
Traffic light symbols indicate to clients and managers whether and to what extent a company, whose shares they have in their portfolio, conforms to the ethical corporate principles and principles of the United Nations Global Compact or pursues controversial business.
Additionally, QPLIX offer visualisation of interrelationships between financial and sustainability data.
Philipp Besser, who is responsible for the project at QPLIX said: “With this new product, we not only provide our clients with an out-of-the-box solution to meet increased client demand and support professional decision-making on sustainability.
“We can also provide regulated providers with a customised offering to adapt their business to the increasing requirements of the new SFDR disclosure requirements.”
In March last year, Deutsche Bank picked a minority stake in QPLIX, as part of a partnership between the two parties to facilitate the internationalisation and development of QPLIX.