Banks and asset managers have embraced environmental, social, and governance (ESG) investments more recently. ESG screening reassures these organizations that their investments are in line with their investment philosophy. For banks and asset managers, ESG screening has become time-consuming due to the increasing number of ESG data suppliers and an increasing demand.
One centralized platform
To address these challenges, a user-friendly and customizable ESG screening tool has been developed by BIQH. This tool integrates data from multiple ESG data vendors and allows banks and asset managers to screen their funds, equities and bonds according to their specific requirements. This tool provides a centralized platform where banks can access and compare ESG scores from different vendors.
In addition, the ESG screening tool includes a data package that provides up-to-date information on companies’ ESG performance. This package includes data on environmental impact, social responsibility, and governance practices, as well as other important metrics related to ESG performance. This information is critical for banks and asset managers as they seek to make informed investment decisions that align with their values and contribute to a more sustainable future.
A be-spoke and agile screening tool
One of the unique features of this BIQH tool is its ability to perform on-demand ESG screening according to the bank’s specific requirements. It is easy to use and adjust. Banks can screen their funds, equities and bonds in real-time, and make changes to their screening criteria with just one click. For example, there can be screening criteria in: Tobacco, Gambling, Adult Entertainment, Alcohol, Weapons, Toxic spills, Discrimination and work force Diversity, and Bribery & Fraud. This customization provides a tailored approach to ESG screening, rather than relying on a one-size-fits-all solution.
A vibrate community
The BIQH tool includes a data package that provides the latest ESG developments and trends, ensuring that users are informed of any changes in ESG scores per instrument. To further support banks in their ESG efforts, BIQH offers a community where banks and asset managers can discuss their screening criteria and best practices with each other. This community provides a platform for exchanging ideas and sharing experiences, and it helps to standardize the ESG screening process across the industry.
In conclusion, the BIQH ESG screening tool is a useful resource for banks and asset managers to include ESG matrix into their investment procedures. This platform assists organizations in evaluating investment decisions and promoting a more sustainable future by providing up-to-date ESG data, an easy-to-use interface, and a community for sharing information and best practices.