Investment Product and Service Launches

Broadridge and Third Economy launch ESG advisory service and SimCorp partners with Colmore on new data service.

Broadridge and Third Economy Launch ESG Advisory Service

To better help companies and investors enhance their environmental, social and governance (ESG) programs, Broadridge Financial Solutions Inc. and Third Economy have launched an ESG advisory service.

The new service is said to help corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders.

“Companies are making corporate responsibility initiatives part of their business strategy as more retail and institutional investors raise ESG concerns and seek the long-term performance advantages and benefits of ESG-focused businesses,” says Dorothy Flynn, president of corporate issuer solutions at Broadridge. “Investors and other stakeholders are increasingly looking at ESG disclosures as a fundamental expectation, driving the need for additional connectivity between companies, investors and other stakeholders.”

Broadridge and Third Economy hope the new ESG advisory service will enable clients to move from strategy through execution to communication by: benchmarking ESG efforts to peers and industry best practices to identify areas for improvement; aligning ESG capabilities with frameworks and standards such as the Sustainability Accounting Standards Board (SASB), Carbon Disclosure Project (CDP) and the Task Force on Climate-Related Financial Disclosures (TCFD); creating a road map for companies’ ESG journeys, including policy and program development, metrics for measuring performance over time, and ESG goals and corresponding goal results disclosures; enhancing an ESG program through all aspects of shareholder communications, including ESG and sustainability reports, proxy statements, and annual reports, and delivering them on the channels that investors and other stakeholders prefer and expect; calculating carbon footprints and setting long-term environmental impact reduction goals; and helping asset managers align corporate ESG strategies with product development.

SimCorp Partners with Colmore on New Data Service

SimCorp has announced a new partnership with Colmore to deliver data services for private markets asset management.

The complete service is now available within SimCorp’s Alternative Investments Manager offer, empowering the buy side with consolidated private and public markets asset workflows and data management, in one core multi-asset class investment management platform. The partnership integrates Colmore’s INSIGHT (data management) and FAIR (fee) services within SimCorp’s Alternatives Investments Manager offer.

Delivered in real-time, the service provides investors with portfolio monitoring and analytics to inform on exactly where their positions and holdings are. Colmore’s integrated data management service for private markets adds further value to SimCorp clients already using SimCorp DataCare and delivers the buy-side market a complete public and private markets data management service. 

SimCorp will also integrate Colmore’s FAIR service, which tackles the complexity of tracking private equity management and incentive fees, with a systematic validation service.

“We’re pleased to introduce Colmore as an innovative and reliable partner in our fast-growing open ecosystem. Colmore’s vision for delivering a complete service aligns with our own consolidated front-to-back approach and reinforces the partnership further,” says Hugues Chabanis, vice president, innovation, at SimCorp. “When we launched the Alternatives Investments Manager offer three years ago, our vision has always been that multi-asset portfolios, including private markets assets, should be consolidated into a core front-to-back investment management platform and not run in siloes. We are confident that Colmore’s private markets services will complement the capabilities of our Alternatives Investments Manager, market-leading IBOR (Investment Book of Record) and DataCare offer, providing SimCorp clients a consolidated offering that ultimately meets their private market needs and delivers on their overall business outcomes.”