BNY Mellon has teamed up with Sustainalytics, an environmental, social and governance (ESG) research and analysis provider, to introduce ESG advisory services for its depositary receipts clients.

BNY Mellon is the first depositary bank to offer such services to securities issuers.

“More investors are evaluating corporate ESG practices and performance as part of their decision-making process. Through Sustainalytics, we can create an important link to help global firms gain insight into the approaches of investors and asset owners,” said Christopher M Kearns, CEO of BNY Mellon’s depositary receipts business. 

“This new offering us to help clients better understand the needs of investors and develop strategies around enhanced corporate disclosure. We want to keep firms at the forefront of these trends,” Kearns added.

BNY Mellon will offer its clients access to Sustainalytics’ ESG research and ratings, as well as custom benchmark reports which aim to imitate an investor view of issuers. Sustainalytics will also offer clients access to in-house industry analysts who can provide deeper insight on ESG issues.

“Companies working with BNY Mellon will benefit from a deeper understanding of how investors view their sustainability practices and how they can improve upon them to attract new investments,” said Sustainalytics’ CEO, Michael Jantzi.