HSBC has launched a reporting service for asset owners and managers.
The bank says the service will provide an independent measurement of how focused listed asset investments are on ESG issues. Asset owners, such as insurance companies, pension funds and sovereign wealth funds, and the asset managers that invest their money, can keep track of the ESG ratings of their large holdings and help them meet the increasing demand for greater transparency and more insight in this area.
“ESG is rising up the agenda for our clients, regulators and investors alike. This reporting service will enable our Securities Services clients to gain meaningful insights into ESG aspects of their portfolios using independent scores and ratings,” said Chris Johnson, Director of Market Data for Securities Services at HSBC. “This tool will enable Securities Services clients to see at a glance how large holdings in their selected portfolios are performing using recognised independent ESG criteria.”
The reporting service will consist of a monthly reporting dashboard, including portfolio-level analysis using ESG ratings, and carbon emissions data.
The reporting service will use ESG scores and ratings from leading ESG rating providers MSCI, Sustainalytics and Vigeo Eiris, and can be applied equally to specialist ESG and non-ESG portfolios. The bank plans to increase its list of providers over time.