Bunq adds sustainable investing feature powered by birdee
With ‘Easy Investments’, bunq users can put their money to work and earn more effortlessly, all while helping to build a greener planet.
Bunq, the Dutch fintech which has recently been valued at €1.6 billion, has launched ‘Easy Investments’ as part of the latest upgrade to its app, bunq Update 19.
The European neobank was established to provide a simple and sustainable way to invest money and the new feature does just that and more: it gives users the opportunity to invest in environmentally friendly companies and those working to achieve sustainable development.
ESG investing powered birdee
This ESG investing tool was deployed in partnership with birdee and allows bunq users to choose from three diversified portfolios, thus removing the hassle of managing individual stocks and shares while still earning.
As retail investing in Europe booms, with levels estimated to have doubled since 2020, bunq feels the timing is right to add the sustainable investing feature. birdee is regulated by the Luxembourg financial watchdog.
Ali Niknam, founder and Chief Executive Officer at bunq, said: “This is a really exciting development for bunq. With ‘Easy Investments’, bunq users can put their money to work and earn more effortlessly, all while helping to build a greener planet.”
bunq’s Update 19 includes other features such as the addition of 10 more foreign currencies to the bunq app. Now, users can receive, hold, convert, and spend in 15 different currencies directly from their phone.
Sustainable investing is here to stay
The whole trading industry is adopting ESG as we see a wave of new policy and regulatory changes in the sustainable investment space that is driving demand for better data.
As part of that tectonic change, Dow Jones has made available its sustainability data sets for ESG practices so that asset managers can make sustainable investment decisions and better engage the growing audience of purpose-driven investors.
The initial offering, with scores and sentiment on more than 6,000 publicly traded companies, aims to help understand the performance and impact of a company’s Environmental, Social and Governance (ESG) practices.
The ESG scores cover five sustainability dimensions and 26 categories and are being published to address rising regulation on the matter in order to provide greater transparency about how financial firms are accounting for sustainability risks, and integrating ESG into the investment process.
Dow Jones’s sustainability scoring methodology was created by The Wall Street Journal’s editorial team and the data model was co-developed with Arabesque S-Ray.
Institutional investors will be able to build ESG portfolios with confidence thanks to Dow Jones methodology powered by machine learning techniques and human expertise.