FNZ makes investment in GIST to accelerate sustainable investing globally
PR96023
BOSTON and LONDON, May 17, 2022 /PRNewswire=KYODO JBN/ --
- GIST is a pioneering impact data and analytics company that provides
investors and companies with science-based, comparable and verifiable measures
of corporate impact and performance.
- FNZ's investment follows the launch of its market-leading sustainable
investment solution, FNZ Impact, which enables financial institutions to
provide their clients with hyper-personalized, transparent information around
the environmental and social impacts of investments, offering the ability to
optimise portfolios quickly and easily.
- The investment is part of a wider partnership which sees GIST's data
integrated within FNZ Impact, adding to the world leading ESG data currently
available within the solution.
- The partnership builds on the companies' shared ambition to open-up wealth by
making sustainability data more accessible and transparent so that investors
can invest in the things they care about, on their own terms.
FNZ, the leading global wealth management platform, today announced that it has
made a strategic investment in GIST, the pioneering impact data and analytics
company that provides investors and companies with quantitative, comparable,
and verifiable measures of corporate impact and performance across all four
capitals: natural, human, social, and produced.
As well as supporting GIST's rapid growth and mission, FNZ's investment will
build on the existing collaboration between the two companies and forms part of
a wider partnership which sees GIST's sustainability data integrated into its
market-leading sustainable investment solution, FNZ Impact. The integration
builds on the world leading ESG data currently available within FNZ Impact and
accelerates the companies shared ambition to open-up wealth by making
sustainability data more accessible and transparent so that investors can
invest in the things they care about, on their own terms.
FNZ Impact, a solution integrated into the wider FNZ wealth management
platform, which supports over 650 of the world's leading financial institutions
and 8,000 wealth management firms in 21 countries, helps financial institutions
to provide their clients with hyper-personalized, transparent information
around the environmental and social impacts of investment portfolios, and
offers the ability to optimise portfolios based not just on risk appetite,
goals and tax but also by personal preferences and values.
This means retail investors, their advisers and wealth managers can better
understand the issues that matter most to them and address these by allocating
capital accordingly, making investment part of the solution to global
challenges.
There is growing awareness and scrutiny of corporate ESG credentials from
investors. However, current ESG ratings and rankings can pose challenges due to
biases and a lack of standardisation, transparency, independence and credible
information.
GIST addresses this challenge by using a science-based approach to measure and
value corporate impacts in monetary terms based on the 'Four Capitals'
framework (natural capital, human capital, social capital and produced
capital). This consistent and universal framework is used by the United Nations
and a growing number of investors and corporates to evaluate performance and
report on impact. GIST's monetized impact values can also be mapped to the
Sustainable Development Goals (SDG), providing clarity and insight on the
extent to which a company's activities have contributed to each of the SDGs.
In doing so, GIST (founded in 2011, and employing over 100 people across its
offices in Geneva, London, Mumbai and Singapore) provides a complete and
consistent picture of materiality, highlights hidden risks, allows meaningful
comparisons between companies and across sectors, and supports evidence-based
decision making.
Dr Vian Sharif, Head of Sustainability at FNZ, said: "The imperative for
robust, science-based impact data has never been stronger, particularly ahead
of a number of global regulatory changes, which require investment firms and
advisers to incorporate clients' ESG preferences into their suitability
assessments.
"The allocation of capital is critical to driving the change required to
transition to net-zero and building a more sustainable economy and society. By
democratising information on the impact of portfolios, FNZ Impact empowers
investors, their advisers and wealth managers to contribute to a sustainable
future for the next generation through their investment decisions.
"In GIST, we believe we've found not only one of the most rigorous and
transparent methodologies in the market, but a company and team with a mission
aligned strongly to our own and whose growth we are excited to support."
Pavan Sukhdev, Founder & CEO of GIST, said: "We are delighted to have FNZ as a
strategic investor and a partner in our mission. FNZ and GIST have shared goals
and we believe that, together, we can drive real, measurable change in the
investment landscape by empowering investors with the impact data they need to
make better informed decisions at all stages of investment life cycles, from
asset selection to risk management to exits.
"Our shared mission is to embed GIST impact methodology and algorithms into
every responsible investor's toolkit. There has never been greater urgency for
investors and corporations to recognise and quantify all dimensions of
investment impacts, and in doing so, to redefine corporate performance.
"FNZ's support will boost GIST's objective to mainstream our solutions,
enabling more and more investors and corporations to measure performance across
all value dimensions, manage material risks, and make better decisions in the
interest of shareholders as well as other significant stakeholders."
Notes to editors
FNZ is a diamond sponsor of the Securities Industry and Financial Markets
Association (SIFMA) Annual Operations Conference & Exhibition, taking place in
Phoenix, Arizona from 16 until 19 May. FNZ's North America CEO, Tom Chard, will
be one of the speakers on a breakout panel session on sustainable finance. To
register, please click here [
https://www.fnz.com/news/sifmas-operations-conference-and-exhibition-2022 ].
About FNZ
FNZ is the global platform provider in the wealth management sector, partnering
with over 650 of the world's leading financial institutions and over 8,000
wealth management firms. With over 4,500 employees in 21 countries, FNZ's
mission is to open-up wealth, empowering all people to create wealth through
personal investment, aligned with things they care about the most, on their own
terms.
FNZ combines technology, infrastructure, and investment operations in a single
state-of-the-art platform that frees its institutional customers to create
hyper-personalised and innovative products and services, that are seamlessly
aligned with the needs of their clients.
To date, FNZ has enabled over 20 million people, from all wealth segments, to
invest in an effective, simple, and transparent way, making wealth management
accessible to everyone.
About GIST
GIST is a pioneering data and analytics company that brings together
world-renowned sustainability expertise with technology and big data to help
investors and companies measure, value, and benchmark business impacts across
all four capitals: Natural, Human, Social, and Produced. GIST's data and
software solutions provide analytics and insights that make it easy for
investors and companies to measure performance across all value dimensions,
manage material risks, and make informed decisions.
Founded by Pavan Sukhdev (UN Goodwill Ambassador, and winner of the 2020 Tyler
Prize for the Environment), GIST is at the cutting edge of measuring impacts
using a scientifically sound and economically rigorous methodology that
provides unique and unparalleled insight into how companies impact society and
the environment. GIST has been measuring and quantifying impact for over 16
years, and the GIST team brings a depth and breadth of experience in
sustainability, science and economics that is unmatched in the market. To learn
more, please visit www.gistimpact.com .
Source: FNZ
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。