BNY Mellon taps Aon to enhance ESG data and analytics

Rick Steves

“As we help clients manage and mitigate all forms of risk, including those associated with ESG efforts, we understand the most crucial economic and investment risks and opportunities facing institutional investors.”

The Bank of New York Mellon Corporation has partnered with Aon for a multi-faceted data and digital collaboration that will leverage the power and unique capabilities of both organizations to create new solutions to address evolving client needs.

With a focus on supporting the Environmental, Social and Governance (ESG) needs of clients, BNY Mellon and Aon will leverage both firms’ collective ESG data and analytics capabilities and unique data sets.

The partnership will also include enhanced solutions in the areas of digital assets and data and analytics.

Aon’s ESG fund ratings made available to asset owners

By streamlining Aon’s portfolio management and research process, BNY Mellon will be able to enhance net-zero reporting transparency. Aon’s proprietary ESG fund ratings will also be made available to asset owners, allowing them to better understand how asset managers are incorporating ESG into their investments, operations and organizational processes to help make better-informed decisions.

Greg Case, chief executive officer of Aon, said: “As we help clients manage and mitigate all forms of risk, including those associated with ESG efforts, we understand the most crucial economic and investment risks and opportunities facing institutional investors. We are excited to collaborate with BNY Mellon to further enhance how we are helping our clients make better decisions that impact their business and society”.

Todd Gibbons, chief executive officer of BNY Mellon, commented: “We are very pleased to be working together with Aon on this initiative. This demonstrates BNY Mellon’s commitment to putting the Future FirstSM by using our global reach, influence and resources to help inform and support institutional ESG goals. As one of the world’s largest asset servicers— with scale and significance at the heart of the financial system and touchpoints across the entire financial value chain— we have an exceptional view of ESG trends. This provides us with a unique vantage point to establish an ecosystem focused on ESG that offers clients innovative solutions based on market best practices.”

As governments move to take action on sustainable finance, there is a growing number of fintech firms developing and bringing to market new solutions that address the new challenges for market participants.

Last week, Xignite launched a new Environmental, Social and Governance (ESG) data API in partnership with ESG Book, a global leader in ESG data and technology. The market data API’s goal is to help brokerage, wealth, and media customers to increase user engagement and retention with sustainability trading products.

This is the time when brokers and wealth managers look to leverage ESG data to increase client engagement around their portfolios and differentiate their offerings in a very fragmented marketplace.

Xignite’s new ESG API serves this purpose. Designed to fast track the launch of ESG-powered products, the API offers access to transparent, well-structured and easy to understand ESG datasets that eliminate the need for in-house ESG expertise.

Read this next

Digital Assets

Revolut receives FCA’s go-ahead to launch crypto trading

British fintech and banking firm Revolut has received a regulatory go-ahead to launch its cryptocurrency services in the UK.

Digital Assets

GBTC share is trading at 36% below bitcoin spot price

Grayscale Bitcoin Trust share has widened its discount relative to the underlying cryptocurrency held in the fund, the highest margin ever since its debut in 2013. Digital Currency Group’s flagship GBTC shares traded at a discount of 35.8% to net asset value (NAV) today.

Digital Assets

Crypto lender Nexo investigated by 8 US state regulators

State securities regulators in New York, California, Kentucky, Maryland, Oklahoma, South Carolina, Washington and Vermont are investigating crypto lender Nexo for allegedly failing to register its Earn Interest Product.

Metaverse Gaming NFT

Astar Network’s ad features 329 top brands to support Web3 in Japan

Blockchain innovation hub Astar Network is making strides in promoting the Web3 adoption worldwide. In yet another milestone, the smart contracts platform has run a national newspaper ad in Japan that set a new global record with participation from 329 blue-chip firms.

Digital Assets

Pyth Network welcomes onchain data from crypto market maker Auros

“By sharing our high-frequency trading data with a truly onchain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants.”

Digital Assets

Tokeny integrates Ownera to boost liquidity of tokenized assets

“The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms with one secure point of connection to multiple digital asset networks across the globe.”

Digital Assets

BingX launches subsidy vouchers to cover user losses in copy trading

“With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses.”

Digital Assets

Talos expands sales team: Frank van Zegveld, Matt Houston, Hillary Conley

“The extensive leadership and industry expertise of these new hires will enable us to build long-lasting relationships as we continue to build out our global presence in EMEA and beyond.”

Executive Moves

FX and CFD broker Emporium Capital hires industry veteran Robert Woolfe as COO

His past experience within the FX and CFD industry includes top roles at Capital Index, London Capital Group, GKFX, ETX Capital, and IG.  “I’m delighted to be part of the Emporium Capital team and spearheading the brokerages global expansion plans”, he said about the appointment.

<