INDOS Financial, an independent fund depositary and oversight business, has selected Vigeo Eiris to provide Environmental, Social, Governance (ESG) data to support its independent ESG screening and verification service to asset managers and their stakeholders.
Under terms of the agreement, Vigeo Eiris will provide INDOS access to ESG and Corporate Social Responsibility data allowing it to screen, independently, investment portfolios and provide bespoke reporting as part of a wider independent ESG oversight and verification service.
The INDOS service will enable its clients to demonstrate compliance with ESG policies and mandates, mitigating the risk of greenwashing, whilst providing internal and external stakeholder assurance to a fund or investment portfolio manager.
INDOS will also utilise the data to provide periodic ESG transparency reports for on-going analysis of ESG exposures and ESG analysis of individual positions within a portfolio or fund.
Bill Prew (pictured), Founder & CEO, INDOS Financial, says: “The integration of ESG factors within the alternative fund industry has presented a number of challenges and the lack of transparency has increased the risk of greenwashing. INDOS aims to support investment managers implement their ESG policies, whilst helping combat any concerns of stakeholders due to the independent nature of the reporting.”
Michael Notat, Executive Director Investor Market – Marketing & Communications, Vigeo Eiris, says: “There is continued growing demand and interest from investment managers to integrate ESG into their investment processes, and INDOS are perfectly positioned to consult with their clients and provide a comprehensive and robust ESG solution to the wider investment marketplace.”
