BNP Paribas’s securities services business has enhanced its investment compliance screening capabilities to include a range of ESG criteria. The new service enables asset managers and asset owners to incorporate customisable and flexible ESG criteria into their portfolio monitoring. The service employs a range of data feeds from external and internal sources to enable asset owners and managers to monitor their portfolios. The outsourced investment compliance monitoring service provides automated post-trade monitoring, offering independent assurance that funds are meeting their ESG commitments, investment objectives are met, and any breaches are highlighted.
These ESG capabilities are currently available to investment funds domiciled in France and Luxembourg, and will shortly be offered to funds in Australia and New Zealand. Throughout 2023 and 2024, BNP Paribas will roll out the service across other locations in EMEA and APAC.