BNP Paribas has launched its environmental, social, and governance (ESG) investment compliance monitoring solution in Australia and New Zealand to support local investors in monitoring their ESG goals.
The new service unveiled by BNP Paribas’ Securities Services business will also assist local clients in meeting their investment objectives while avoiding potential compliance breaches.
Currently implemented in Europe, the solution offers ESG investment compliance screening capabilities for asset managers and owners in Australia and New Zealand. This allows clients to integrate customisable ESG criteria into their portfolio monitoring.
BNP Paribas’ new ESG compliance monitoring solution encompasses a range of ESG criteria. It also delivers external assurance that funds are addressing their ESG commitments via automated post-trade assessment.
The ESG service leverages a variety of data feeds from both external and internal sources to screen portfolios against criteria that can be tailored to the ESG framework of clients.
The choice can be made from several options including the omission or inclusion of specific activities, comparison of carbon intensity to a benchmark and adherence to global standards as well as ESG ratings and benchmarks.
According to BNP Paribas, the ESG monitoring service will continue to progress and develop while being rolled out across other locations in Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC).
BNP Paribas securities services Australia & New Zealand head Daniel Cheever said: “This global product provides an opportunity for our clients to better monitor their portfolios amongst the evolving landscape of sustainable finance.
“We are delighted to be launching this enhanced ESG monitoring service into Australia and New Zealand for the benefit of our local clients.”
BNP Paribas’ securities services unit operates investment compliance in 19 locations for over €2.7 trillion of client assets and across more than 10,000 funds and mandates for its clients. Its customer base includes insurance companies, asset manager pension funds, and asset owners.
