HSBA Hsbc Holdings Plc

   By Stephen Nakrosis 
 

HSBC on Tuesday said it was launching a new reporting service to assist clients in assessing the focus of how their asset investments range on environmental, social and corporate governance issues.

"ESG is rising up the agenda for our clients, regulators and investors alike. This reporting service will enable our Securities Services clients to gain meaningful insights into ESG aspects of their portfolios using independent scores and ratings," said Chris Johnson, Director of Market Data for Securities Services at HSBC. "This tool will enable Securities Services clients to see at a glance how large holdings in their selected portfolios are performing using recognised independent ESG criteria."

HSBC said the new service will feature a monthly reporting dashboard and will use scores and ratings from ESG rating providers MSCI, Sustainalytics and Vigeo Eiris.

HSBC Holdings PLC is the parent company of the HSBC Group.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

July 21, 2020 15:45 ET (19:45 GMT)

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