NEW YORK, Sept. 29, 2022 /PRNewswire/ -- BNY Mellon today announced new enhancements to its securities finance platform to help clients analyze their agency securities lending program alongside their sustainability goals. The announcement comes as stakeholder demands for increased transparency in connection with environmental, social and governance (ESG) investing are growing for firms across the globe.
Delivered through an interactive dashboard, clients can apply ESG scores based on third-party data across their lendable portfolio, collateral and cash investments to help them evaluate alignment with their individual ESG goals.
As the world's largest agent lender with access to more than $4.3 trillion in lendable assets*, this new capability represents the first in a series of ESG enhancements BNY Mellon plans to make to its platform.
"Transparency is critical to the evolution of the ESG investing landscape, as well as the management of ESG risks and regulatory compliance," said Ina Budh-Raja, EMEA Head of Securities Finance Product & Strategy and Global Head of Markets ESG at BNY Mellon. "BNY Mellon is committed to providing clients with next-generation solutions and insights designed to help enable alignment with their ESG goals."
The new dashboard leverages MSCI ESG Research's ESG Ratings, assigning scores to securities across three distinct pillars: environmental, social and governance, that can be applied to a client's non-cash collateral and cash reinvestment, including both outright purchases and repo collateral.
The resulting output allows clients to quickly and easily analyze how their portfolio, the collateral they receive, and the investments they make align to their environmental, social and governance goals and values.
The addition of this Securities Finance enhancement builds upon the previously established ESG tools across the BNY Mellon financing and liquidity ecosystem.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of June 30, 2022, BNY Mellon had $43.0 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Phone: +1 212 815 2006
*Largest program as measured by on-loan assets according to S&P Global Market Intelligence Securities Finance as of 2Q 2022 and includes the assets of CIBC Mellon clients. CIBC Mellon is the brand name for 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 transacted through The Bank of New York Mellon as agent and is part of The Bank of New York Mellon Agency Lending Program.
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SOURCE BNY Mellon