New Wealth Experience and Morningstar have launched a new ESG tool for the Asia Pacific markets.

New Wealth, a fintech provider of apps to financial institutions, and Morningstar Research says the new tool includes the Sustainability Profiler that helps advisors and investors generate sustainability preferences and an ESG profile. Using a proprietary scoring system, the tool provides investment recommendations according to each individual profile.

Depending on institutional preferences, the profiling capability can recommend individual products such as equities, bonds, mutual funds and ETFs or portfolios, which are derived from Morningstar proprietary data, research and Indexes.