Nasdaq Launches ESG Footprint Tracking Service

on

Stockholm (NordSIP) – Nasdaq announced the launch of the Nasdaq ESG Footprint, a new service to provide banks and institutional investors the ability to help their clients track the ESG impact of their portfolios and individual securities based on a range of factors. Nordea is the first bank to provide the service to their clients.

“We believe the sustainability footprint overview will help our customers to better understand what sustainability means in relation to investments, so that the importance of making sustainable choices becomes more evident,” said Anders Langworth, Head of Sustainable Finance at Nordea. “The collaboration with Nasdaq is an important milestone in the continuous work on being more transparent and better in explaining the connection between sustainability and investments.”

- Promotion -

The Nasdaq ESG Footprint is the latest in a range of products recently developed by Nasdaq to answer the increasing sustainability needs of institutional investors. The new service tracks a wide range of sustainability criteria, including carbon footprint, board diversity and companies flagged for human rights issues. The data is analysed with the help of Nasdaq´s data analytics tools. For private and professional investors or investment advisors, the Nasdaq ESG Footprint provides in-depth impact reports with insights into the sustainability performance of specific baskets of securities.

“As a major European bank and also a global leader within sustainable finance, Nordea is a perfect partner to bring Nasdaq ESG Footprint to a broad range of private investors and professional advisors that look for a way to add sustainability to their investment decisions and advice,” said James McKeone, Head of European Data at Nasdaq. “In order to provide sustainability insights to even more investors and advisers in the future we look forward to adding additional partners to the platform.”

Image by chezbeate from Pixabay

 

Partner content

As climate change rises up the political agenda throughout the West and beyond, shareholders have an important role to play in limiting global fossil fuel consumption by pressuring oil companies to amend their strategies, argues Sora Utzinger.

NordSIP Insights

Most read this week

Rebeca Coriat Joins Lombard Odier

Stockholm (NordSIP) - On the occasion of her appointment as Head of Stewardship at Lombard Odier Investment Managers, NordSIP took the opportunity to catch...