Northern Trust Includes Socially Responsible Guidelines in Monitoring Service

April 21, 2006 ( - Northern Trust has announced that it has added Socially Responsible Investing guidelines to Northern Trust Compliance Analyst.

Northern Trust has formed an agreement with Institutional Shareholder Services (ISS) to provide research through Compliance Analyst to determine whether institutional and wealth management clients are investing in companies that derive revenue from potentially restricted areas, according to the announcement.

Users will be able to select from 10 socially responsible investment restrictions:

  • Adult Entertainment
  • Alcohol
  • Animal Testing
  • Board Diversity
  • Contraceptives/Birth Control
  • Firearms
  • Gambling
  • Labor Relations Disputes
  • Tobacco
  • Weapons Production

Lenora Kelley, Senior Vice President, Risk Services Manager for Northern Trust Investment Risk and Analytical Services, said in the announcement, “Compliance Analyst is client-driven and automated, monitoring compliance with investment policy restrictions across all managers and asset classes and promptly notifying clients when an investment parameter has been breached.”

The new SRI capabilities for Compliance Analyst rely on ISS’s environmental, social and governance (ESG) screens. Compliance Analyst enables users to set tolerance levels for SRI guidelines, so that none, or no more than a set percentage, of a portfolio’s holdings are invested in the restricted industry or activity. ISS also provides access to research on screened companies, so investors can see the details of that company’s business practices.

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