BNY Mellon has partnered with the Yale Initiative on Sustainable Finance (YISF) to help address the challenges of integrating sustainability concerns into financial markets and investment decisions.
YISF is a joint programme between the Yale Center for Environmental Law and Policy (YCELP) and the Yale Center for Business and the Environment (CBEY).
As part of the collaboration, BNY Mellon will support YISF’s ongoing research agenda that explores the relationship between environmental, social and governance (ESG) metrics and financial performance.
BNY Mellon will also make a donation to support YISF’s research agenda related to ESG metrics, including the development of tools for assessing financial risk.
Dan Esty, Hillhouse professor of environmental law & policy at Yale explains that the YISF team is excited about the opportunity to work with BNY Mellon to develop a better understanding of how capital flows and how the finance sector can contribute to a sustainable future.
“Sustainability-minded investors are eager for stronger, more consistent reporting to aid in their decisions, and at YISF one of our aims is to explore innovative new reporting systems that could better inform companies and investors,” Etsy adds.
Charles Teschner, head of data and analytics solutions at BNY Mellon, states: “We look forward to supporting YISF’s research agenda which will help benefit the ESG interests of asset owners and institutional investors. It will also help address the interests of corporates and issuers in depositary receipts.”
Last month, BNY Mellon was selected by Gabelli Funds to facilitate the launch of its new actively managed exchange-traded fund, Gabelli Love Our Planet and People.
The fund incorporates a research-intensive process of both value-focused social screens and a holistic ESG analysis to deliver returns in an environmentally accountable manner.
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