Northern Trust has expanded its environmental, social and governance (ESG) risk exposure analytics capabilities to cover new reporting for environmental data categories.
As part of Northern Trust’s new ‘ESG Insights’ product suite, asset owner clients will be able to assess specific environmental risk factors for their investment portfolios.
The new capabilities will also allow clients to generate data and analytics which will help them to identify carbon footprint metrics across individual managers, portfolios, countries and sectors, as well as monitor changes in a fund’s environmental risk profile and align towards sustainable investment frameworks.
The expansion follows the reporting recommendations of the Financial Stability Board’s taskforce for climate-related financial disclosures to establish standards for financial risk disclosures.
Serge Boccassini, product lead for investment accounting and analytic solutions at Northern Trust, commented: “Our enhanced capabilities can help clients more closely incorporate the ‘E’ of ‘ESG’ into their decision-making. Northern Trust is committed to providing clients with deep analytical insights as they strive to meet their ESG responsibilities.”
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