U.S. Bank has selected Sustainalytics, a provider of ESG research and ratings, to offer ESG data solutions to the U.S. Bank Global Fund Services (GFS) clients, where independent ESG analytics and reporting services are required.
U.S. Bank will use Sustainalytics’ ESG research and ratings to ensure qualifying EU depository clients are compliant with Sustainable Finance Disclosure Regulation requirements.
Sustainalytics’ research and ratings will support portfolio analysis which enables regulatory compliance solutions. They also include data on investor and financial reporting capabilities to address emerging regulatory and investor reporting demands.
As part of the mandate, GFS clients will have access to this range of market standard-based sustainable investment data points applicable to their portfolio.
The sustainable investment data integration will also include a depositary oversight solution.
Sustainalytics, a Morningstar company, relies on public disclosures and artificial intelligence to mine and report on meta-datasets.
Global Fund Services joins U.S. Bancorp Asset Management, which already utilises Sustainalytics to implement ESG investing strategies for clients.
Breda Sullivan, head of depositary services Europe at U.S. Bank, says: “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 are excited to work with Sustainalytics to offer this new level of customised oversight to clients with sustainable investment strategies.”
