The Bank of New York Mellon (BNY Mellon) is partnering with a research firm, Sustainalytics, to provide investors in depositary receipts with information about environment, social and governance (ESG) issues.
The bank and asset management company will offer its depositary receipt clients access to Sustainalytics ESG research and ratings, as well as custom benchmark reports that evaluate how issuers are viewed by investors.
Sustainalytics will also offer clients access to in-house industry analysts who can provide deeper insight on ESG issues.
BNY Mellon’s depositary receipt business, which is headed by Christopher M. Kearns, points to growing momentum from investors and companies to consider ESG issues. This is reflected by institutional signatories participating in the United Nations-backed Principles for Responsible Investment Initiative – an international network of investors dedicated to advancing responsible investment practices.
Signatories grew by 19% last year and now include more than 1,300 investors representing over $45 trillion (€41.2 trillion) in assets under management.
“More investors are evaluating corporate ESG practices and performance as part of their decision-making process,” Kearns says.
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