BNP Paribas’ Manaos partners with Util and V.E to strengthen sustainability offering

French custodian’s ESG marketplace collaborates with two new partners to drive forward open service platform.

By Wesley Bray

BNP Paribas Securities Services’ ESG marketplace Manaos has partnered with London-based FinTech Util and Moody’s-owned V.E to enhance its sustainability data and analytics offering.

The open servicing platform – which won an Innovation Award during Global Custodian’s Leaders in Custody Week this year – partners with sustainability FinTechs, as part of its open ESG strategy, to give users access to a range of ESG data and analytics tools.

Util’s machine learning models are now live on Manaos, quantifying the degree to which listed companies positively and negatively impact the 17 United Nations Sustainable Development Goals (UN SDGs) and their 169 targets.

Util focuses on the effects of a company’s products and services and draws conclusions from peer-reviewed journals to objectively evaluate a company’s real-world impact.

“The partnership between Manaos and Util supports our long-term goal of empowering all investors to better understand and compare the impact of their investments. Our analytics provide greater accuracy, coverage and depth than traditional datasets or aggregators. This new way of measuring impact gives our clients unprecedented insight into how their portfolios affect the complex social and environmental challenges facing the world,” said Patrick Wood Uribe, CEO of Util.

In addition, Manaos has onboarded data from V.E, part of Moody’s ESG Solutions.

Investors can better understand their exposure to ESG risks and opportunities, and facilitate reporting, innovation and active engagements with companies by using V.E’s data, scores and assessments.

“This partnership underpins our commitment to drive sustainable investment. Clients will now be able to leverage our extensive ESG and climate risk data to make better-informed and more sustainable investment decisions. With digital security now more prevalent than ever, we are proud that our data offering will be available to institutional investors through Manaos’ highly secure cloud platform,” said Sabine Lochmann, global head of Moody’s ESG measures & president at V.E.

Alongside the partnerships with Util and V.E, in March, Manaos announced a partnership with Clarity AI as part of its Open ESG strategy. The partnership gave clients access to sustainability insights and services, covering more than 30,000 companies and 200,000 investment funds.

“The onboarding of Clarity AI, Util and V.E makes a strong case for the benefits of complementary approaches to ESG. Using Manaos, investors are finally able to assess the ESG impact of their portfolio by mapping their investment data to the most innovative FinTechs on the market quickly and efficiently,” said Patrice Hiddinga, CEO of Manaos.