INDOS Financial, the independent fund depositary and oversight business, has selected Vigeo Eiris to provide Environmental, Social, Governance (ESG) data to support its independent ESG screening and verification service to asset managers and their stakeholders.
Under terms of the agreement, Vigeo Eiris will provide INDOS access to ESG and Corporate Social Responsibility data allowing it to screen, independently, investment portfolios and provide bespoke reporting as part of a wider independent ESG oversight and verification service.
The INDOS service will enable its clients to demonstrate compliance with ESG policies and mandates, mitigating the risk of greenwashing, whilst providing internal and external stakeholder assurance to a fund or investment portfolio manager.
INDOS will also utilise the data to provide periodic ESG transparency reports for on-going analysis of ESG exposures and ESG analysis of individual positions within a portfolio or fund.
Bill Prew, Founder & CEO, INDOS Financial, said:
“The integration of ESG factors within the alternative fund industry has presented a number of challenges and the lack of transparency has increased the risk of greenwashing. INDOS aims to support investment managers implement their ESG policies, whilst helping combat any concerns of stakeholders due to the independent nature of the reporting.”
Michael Notat, Executive Director Investor Market – Marketing & Communications, Vigeo Eiris said:
“There is continued growing demand and interest from investment managers to integrate ESG into their investment processes, and INDOS are perfectly positioned to consult with their clients and provide a comprehensive and robust ESG solution to the wider investment marketplace.”
About INDOS Financial:
INDOS Financial is a leading independent fund oversight service provider. Since its inception in 2012, INDOS has grown organically, developing solutions recognised as industry-leading within the fund oversight and depositary service space. As of July 2019, client assets under depositary oversight have grown past $28 billion and a further $15bn which form part of INDOS’ MLRO service clients.
About Vigeo Eiris:
Vigeo Eiris is an independent international provider of environmental, social and governance (ESG) research and services for investors and public & private organisations. We undertake risk assessments and evaluate the level of integration of sustainability factors within the strategy and operations of organisations.
Vigeo Eiris offers a wide range of services:
- For investors: decision-making support covering all sustainable and ethical investment approaches (including ratings, databases, sector analyses, portfolio analyses, structured products, indices and more);
- For companies & organisations: supporting the integration of ESG criteria into business functions and strategic operations (including sustainable bonds, corporate ratings, CSR evaluations and more).
Vigeo Eiris obtained ISO 9001: 2015 certification for its processes relating to methodology, rating, sale and delivery of its data to all types of investors.
With a team of more than 240 experts of 28 different nationalities, Vigeo Eiris is present in Paris, London, Brussels, Casablanca, Hong Kong, Milan, Montreal, New York, Rabat and Santiago. The Vigeo Eiris Global Network, comprising 4 exclusive research partners, is present in Brazil, Germany, Israel and Japan.
For more information: www.vigeo-eiris.com