ABN Amro Services Company issued the following announcement on Jan. 8.
ABN AMRO clients will see sustainability scores for more investments going forward, allowing them to pick more sustainable options if they so desire. To make this possible, ABN AMRO and Morningstar have signed a partnership agreement that should result in significantly increased coverage of environmental, social and governance (‘ESG’) ratings data. Previously ESG was measured for about 4,000 companies and 900 investment funds. With the new set of data ESG can be measured for about 10,000 companies and 38,000 investment funds. The ESG ratings are based on data provided by sustainability research company Sustainalytics.
"Sustainability is a core pillar of our bank’s corporate strategy. The increased coverage helps our investment advisors to make meaningful comparisons between companies and funds based on their ESG preferences. It also prepares us to classify companies and investment funds on ESG, subject to future regulation", said Vincent Triesschijn, Director of Sustainable Investment at ABN AMRO.
Original source can be found here.
Source: ABN Amro Services Company