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New services are being developed for the investment sector focusing on ESG (environment, social and governance criteria) and sustainability through an alliance between Aztec Group and Worldfavor.
The fund and corporate services provider and the sustainability platform will jointly offer investment managers the ability to report on the sustainability of their businesses and their underlying investments. This in turn will help them meet the requirements of a wide range of recognised sustainability frameworks and regulations.
Chief Client Officer at the Aztec Group, James Gow, said that recent research has highlighted the need for fund managers to access knowledge and skills across the sustainability spectrum.
“Sustainability transparency is fast becoming one of the key concerns for our clients,” he said. “Regulation is clearly a driving force, but we’re equally speaking to clients that are responding to increased investor expectations as well as developing their own ESG aspirations as they target long-term, sustainable growth across their investments. This alliance will enable them to better understand the impact of their portfolios and provide a quicker route to insight and decision making.”
Tom Bennett, Aztec Group’s Head of Innovation, said: “Delivering the right combination of service and technology is absolutely critical to successful sustainability performance, and this is why we’ve formed this innovative alliance with Worldfavor. As sustainable business practices continue to grow, we look forward to further developing our relationship and laying the foundations for future ESG and sustainability services.”
Worldfavor is a global platform for business services. CEO Andreas Liljendahl said it is helping to ensure there are solutions for businesses now focusing on the growing demand for sustainable methods.
“Worldfavor was founded to be the best platform for sharing, accessing and gaining insights from corporate ESG information," he said.
"Our mission is to make sustainability mainstream and with that we offer solutions to accelerate sustainability through the value chain – from investors to companies and their far-reaching supply chains. We are very proud to present this long-term, strategic alliance with Aztec Group that will empower fund managers and investors to stay ahead of the curve and build sustainable growth through exceptional ESG performance.”
Pictured top: James Gow, Chief Client Officer of the Aztec Group.
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