Agreement expands the existing relationship between the insurer and BNP Paribas’ securities services business, which has included global custody services since 2004.
Data constraints remain biggest barrier to wider ESG integration finds securities services provider.
Regulation and reporting need to be more standardised to further the effectiveness of ESG policy, panel finds.
The new functionality will enable asset managers and asset owners to incorporate customisable ESG conditions into their portfolio monitoring.
Asset managers and asset owners will benefit from a range of fund administration and depositary services for carbon-related assets.
Tool allows for single view of third party and proprietary ESG data.
Sibos panel takes a deeper look at the challenges the market is facing around the lack of comprehensive data in the ESG space.
The ratings will be visible through an interactive dashboard, with clients able to apply ESG scores based on third-party data.
Initiative from Clearstream and local institutions will facilitate development of green finance opportunities.
The new offering comprises data, reporting, and certification support, as well as a platform solution to support European distribution.