Sustainable Finance

Aon and BNY Mellon Work Together for Multi-Faceted Strategic Data and Digital Alliance

Published on: 19 April 2022 11:30 AM
by KnowESG

Aon, a multinational professional services firm, announced joining hands with The Bank of New York Mellon, an investment banking services company, for a multi-faceted data and digital partnership that will help leverage the expertise and power of both organisations to come up with new solutions to address changing clients' requirements.

The partnership will enhance the focus on supporting the environmental, social and governance (ESG) needs of their international clients, leveraging their collective ESG data, analytics capabilities and unique data sets. 

The collaboration will also see both Aon and BNY Mellon exploring opportunities in areas of digital assets and data and analytics because clients' needs keep evolving.

Corporations, investors, and institutional asset managers are increasingly concerned over the issues related to ESG and the effect they have on sustainable objectives and corporate performance. This partnership will help clients make better investment strategy decisions by offering improved data sets, analytics and insights into the ESG portfolio.

Greg Case, chief executive officer of Aon, said: "As we help clients manage and mitigate all forms of risk, including those associated with ESG efforts, we understand the most crucial economic and investment risks and opportunities facing institutional investors. We are excited to collaborate with BNY Mellon on how we are helping our clients make better decisions that impact their business and society.

Todd Gibbons, chief executive officer of BNY Mellon, said: "We are pleased to be working together with Aon on this initiative. This demonstrates BNY Mellon’s commitment to putting the Future FirstSM by using our global reach, influence and resources to help inform and support institutional ESG goals."

“As one of the world’s largest asset servicers— with scale and significance at the heart of the financial system and touchpoints across the entire financial value chain— we have an exceptional view of ESG trends. This provides us with a unique vantage point to establish an ecosystem focused on ESG that offers clients innovative solutions based on market best practices.”

BNY Mellon and Aon are looking at making Aon's unique ESG fund ratings available to asset owners. Consequently, they can better understand how asset managers incorporate ESG into their investments, operations, and organisational procedures to assist them in making better decisions.