NEW YORK, September 29, 2022 /PRNewswire/ — BNY Mellon today announced new enhancements to its title finance platform to help clients analyze their agency title lending program alongside their sustainability goals. The announcement comes as stakeholder demands for increased transparency in environmental, social and governance (ESG) investing are growing for companies around the world.
Through an interactive dashboard, clients can apply ESG scores based on third-party data to their entire loanable portfolio, collateral and cash investments to help them assess alignment with their ESG objectives individual.
As the world’s largest lending agent with access to over $4.3 trillion of loanable assets*, this new capability represents the first in a series of ESG enhancements that BNY Mellon plans to make to its platform.
“Transparency is key to the evolving landscape of ESG investments, as well as ESG risk management and regulatory compliance,” said Ina Budh Raja, EMEA Head of Securities Finance Products and Strategy and Global Head of ESG Markets at BNY Mellon. “BNY Mellon is committed to providing its clients with next-generation solutions and insights designed to help them align with their ESG objectives.”
The new dashboard is based on ESG ratings from MSCI ESG Research, assigning scores to securities across three distinct pillars: environmental, social and governance, which can be applied to non-cash collateral and cash reinvestment of a customer, including outright purchases and repurchase guarantees.
The result allows clients to quickly and easily analyze how their portfolio, the guarantees they receive and the investments they make align with their environmental, social and governance goals and values.
The addition of this securities finance enhancement builds on previously established ESG tools in BNY Mellon’s finance and liquidity ecosystem.
About BNY Mellon
BNY Mellon is a global investment firm dedicated to helping clients manage and nurture their financial assets throughout the investment lifecycle. Whether providing financial services to institutions, corporations or individual investors, BNY Mellon provides informed investment and wealth management and investment services in 35 countries. From June 30, 2022BNY Mellon had $43 trillion in assets in custody and/or under administration, and $1.9 trillion in assets under management. BNY Mellon can serve as a single point of contact for clients seeking to originate, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the trademark of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
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*Largest program as measured by assets on loan according to S&P Global Market Intelligence Securities Finance as of 2Q 2022 and includes CIBC Mellon client assets. CIBC Mellon is the brand name of CIBC Mellon Trust Company and CIBC Mellon Global Securities Services Company, each a joint venture between BNY Mellon (50%) and Canadian Imperial Bank of Commerce (50%). Securities lending for CIBC Mellon clients is conducted through The Bank of New York Mellon as agent and is part of The Bank of New York Mellon’s agency lending program.