Insurance and reinsurance broker Aon and BNY Mellon are to collaborate on solutions to meet client needs with a focus on ESG.
A release from the two firms said that they would be looking to explore opportunities around digital assets, data, and analytics.
Throughout this new collaboration, they said they would work together to help clients make better, more-informed investment strategy decisions by providing enhanced data sets, advanced analytics, and actionable insights into ESG portfolio-level exposures.
Greg Case, CEO of Aon, said: “As we help clients manage and mitigate all forms of risk, including those associated with ESG efforts, we understand the most crucial economic and investment risks and opportunities facing institutional investors. We are excited to collaborate with BNY Mellon to further enhance how we are helping our clients make better decisions that impact their business and society.”
Likewise, Todd Gibbons, CEO of BNY Mellon said that his company was pleased to be working with Aon.
He added: “As one of the world’s largest asset servicers— with scale and significance at the heart of the financial system and touchpoints across the entire financial value chain— we have an exceptional view of ESG trends. This provides us with a unique vantage point to establish an ecosystem focused on ESG that offers clients innovative solutions based on market best practices.”
The firms said the collaboration will streamline Aon’s portfolio management and research process by enhancing net-zero reporting transparency.
BNY Mellon and Aon are exploring opportunities to make Aon’s proprietary ESG fund ratings available to asset owners, allowing them to better understand how asset managers are incorporating ESG into their investments, operations, and organisational processes to help make better-informed decisions.