Insurance and risk management company Aon and the Bank of New York Mellon have teamed up to support the environmental, social, and governance (ESG) needs of their clients globally.
Through this partnership, the two firms will collaborate to provide enhanced data sets, advanced analytics, and actionable insights into ESG portfolio-level exposures to help their clients make more-informed investment strategy decisions. It will also streamline Aon’s portfolio management and research process by enhancing net-zero reporting transparency.
“As we help clients manage and mitigate all forms of risk, including those associated with ESG efforts, we understand the most crucial economic and investment risks and opportunities facing institutional investors. We are excited to collaborate with BNY Mellon to further enhance how we are helping our clients make better decisions that impact their business and society,” Aon CEO Greg Case said.
Further, BNY Mellon and Aon are exploring opportunities to make Aon’s proprietary ESG fund ratings available to asset owners. This will allow them to better understand how asset managers incorporate ESG into their investments, operations, and organizational processes.
“We are very pleased to be working together with Aon on this initiative. This demonstrates BNY Mellon’s commitment to putting the Future FirstSM by using our global reach, influence, and resources to help inform and support institutional ESG goals,” BNY Mellon CEO Todd Gibbons said. “As one of the world’s largest asset servicers— with scale and significance at the heart of the financial system and touchpoints across the entire financial value chain— we have an exceptional view of ESG trends. This provides us with a unique vantage point to establish an ecosystem focused on ESG that offers clients innovative solutions based on market best practices.”