- In response to increased demands for more transparency regarding environmental, social and governance ("ESG") investing, The Bank of New York Mellon ( NYSE: BK ) has enhanced its securities finance platform on Thursday to let its clients assess their portfolio alongside their sustainability goals .
- Clients can apply ESG scores across their portfolio, collateral they receive and cash investments via an interactive dashboard, making this capability the first in a series of ESG enhancements that BNY Mellon ( BK ) plans to make on its platform, it said.
- The dashboard leverages MSCI ESG Research's ESG Ratings, assigning ratings to securities across the three pillars in ESG.
- "BNY Mellon is committed to providing clients with next-generation solutions and insights designed to help enable alignment with their ESG goals," said Ina Budh-Raja, EMEA head of Securities Finance Product & Strategy and global head of Markets ESG at BNY Mellon.
- In May, BNY Mellon Investment Advisor to pay $1.5M penalty to settle ESG probe .
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BNY Mellon allows clients to assess how their portfolios align with ESG goals