FINBOURNE Technology has partnered with global diversity, equity and inclusion (DEI) data scoring provider, Denominator, to support buyside firms as they respond to increasing demands for DEI transparency.
The partnership aims to broaden the DEI footprint across the global investment community, to help support current data challenges and advocate different investment opportunities.
Through the partnership, asset managers can launch new ESG funds and products with a DEI-specific mandate, amid a new generation of value-based investors. Integrating DEI data directly into investment operations assures asset managers and end-investors that funds are accurately monitored and reported, based on mandated outcomes, says FINBOURNE.
This also enables progress to be tracked over time,for a specific attribute or the whole portfolio, to make more informed investment decisions and report both internally and externally, it adds.
While accessing Denominator’s data set with DEI data, firms can view raw data as well as final scores.
Denominator is built on internationally recognised frameworks, including the UN Global Compact’s Sustainable Development Goals and World Economic Forum’s Gender Parity.
“The integration of our exhaustive diversity, equity and inclusion data will enable the global buy-side to harness new and customised investment strategies that will appeal to investors and deliver a competitive edge,” says Anders Rodenberg, CEO of Denominator.
He adds, “As with the ‘E’ in ESG, we aim to move the dial for this critical social element of ESG, from negative screening and best-endeavour reporting, to driving positive engagement with global companies and making DEI an active priority for global business and society.”
Matthew Luff, head of partnerships at FINBOURNE Technology, notes, “Partnering with Denominator empowers our clients with quality data to create and manage an exciting new range of portfolios, catering to previously underserved sections of the population. Unlike measures such as emissions which are harder to conceptualise, we are all able to look around our workplaces and see diversity, or a lack of it.”
He adds: “Our close partnership with Denominator delivers our clients actionable data and insights, to invest in those companies that are making strong returns, alongside a real commitment to DEI values.”
©Markets Media Europe 2022
