US Bank will leverage Sustainalytics, a Morningstar company and provider of ESG research and ratings, to offer ESG data solutions to its Global Fund Services clients.
According to US Bank, clients will have access to a wide range of market standard-based sustainable investment datapoints applicable to their portfolio through the partnership.
The bank has integrated Sustainalytics’ research and ratings to support portfolio analysis which enables regulatory compliance solutions and investor and financial reporting capabilities to address emerging regulatory and investor reporting demands.
In addition, the sustainable investment data integration will also include a depositary oversight solution. The bank will use Sustainalytics’ ESG research ratings to ensure qualifying EU depositary clients are compliant with Sustainable Finance Disclosure Regulation (SFDR) requirements.
GFS joins US Bancorp Asset Management, which already uses Sustainalytics to implement ESG investing strategies.
US bank of head of Depositary Services Europe Breda Sullivan said, “New regulatory requirements often introduce a level of uncertainty on how to address the requirements. “U.S. Bank brings a wealth of resources and industry expertise that not every fund service provider can claim. We’re excited to work with Sustainalytics to offer this new level of customised oversight to clients with sustainable investment strategies.”
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