BNY Mellon, Aon, In Data and Digital Alliance
Posted by Colin Lambert. Last updated: April 18, 2022
BNY Mellon and Aon have unveiled a multi-faceted data and digital collaboration that will create new solutions to address and support evolving client needs to navigate the Environmental, Social and Governance (ESG) world. The initiative will leverage both firms’ collective ESG data and analytics capabilities and unique data sets, they say.
In addition, Aon and BNY Mellon will explore opportunities to further enhance solutions in the areas of digital assets and data and analytics, as client needs continue to evolve.
The firms say that corporations, institutional asset managers and investors alike are increasingly focused on issues related to ESG, and the impact they have on both corporate performance and sustainable investing objectives. Through this new collaboration, Aon and BNY Mellon will work together to help clients make better, more-informed investment strategy decisions by providing enhanced data sets, advanced analytics and actionable insights into ESG portfolio-level exposures.
The firms add the collaboration will streamline Aon’s portfolio management and research process by enhancing net-zero reporting transparency. BNY Mellon and Aon are exploring opportunities to make Aon’s proprietary ESG fund ratings available to asset owners, allowing them to better understand how asset managers are incorporating ESG into their investments, operations and organisational processes to help make better-informed decisions.
“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,” says Greg Case, CEO of Aon. “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, CEO of BNY Mellon, adds, “This demonstrates BNY Mellon’s commitment to putting the Future First 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.”