BNP Paribas Securities Services and its platform Manaos announce a partnership with Clarity AI, a leading sustainability data science and technology company. Starting today, Manaos users have access to Clarity AI’s vast universe of sustainability data and insights.
Manaos enables institutional investors to store their fund data on a single platform in order to obtain a comprehensive and transparent view of their investments. They can in turn estimate the Environmental, Sustainability and Governance (ESG) impact of their portfolios through a panel of innovative companies readily available on the Manaos applications catalogue.
Through this first partnership, Manaos users can have access to Clarity AI’s sustainability insights and services, covering more than 30,000 companies, 400 country and local governments and 200,000 investment funds. This means Manaos users can instantly assess a range of insights – including the ESG risk and impact scores of their investments, their contributions to the United Nations Sustainable Development Goals, and climate change indicators – to facilitate the production of analytics and regulatory reports.
This partnership arrives as the Sustainable Finance Disclosure Regulation (SFDR) comes into force in 2021, requiring asset managers to disclose the ESG risks in their portfolios for the first time. To be compliant with SFDR, asset managers will need access to high quality and consistent ESG data and capabilities.
Patrick Colle, general manager of BNP Paribas Securities Services, confirmed: “With our Manaos platform, we are helping our clients address the critical issue of investment data availability and quality and enabling them to work easily and securely with a range of fintechs. We chose to connect Manaos to the sustainable finance ecosystem as a priority, in line with the BNP Paribas Group’s commitments in this area.”
Rebeca Minguela, founder and CEO of Clarity AI, added: “Our aim is to bring impact to markets by focusing the world’s investors towards the companies that make the most positive difference. Historically, investors were unable to obtain this information due to data fragmentation, subjective ratings, and a lack of tools. Through our partnership with BNP Paribas and Manaos, investors can assess and report the sustainability of their investments at the touch of a button.”
Patrice Hiddinga, CEO of Manaos, concluded: “Responsible investing is a top priority for financial institutions. However, it is a highly complex topic, and many regulatory standards are not yet in place. Meanwhile, Clarity AI and other specialist tech companies offer a wide range of solutions to measure the ESG and impact of portfolios. Manaos’ mission is to introduce these innovative solutions to market participants, who can simply test them and go into production safely. This open model, which we call Open ESG, will accelerate the pace of innovation in sustainable finance.”
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About BNP Paribas Securities Services (securities.cib.bnpparibas)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
About Clarity AI (clarity.ai)
Clarity AI is a global data science and technology platform that uses machine learning and big data to deliver environmental and social insights that empower investors to measure the impact of their portfolios. Clarity AI’s platform analyzes more than 30,000 companies, 200,000 funds and 400 country and local governments, delivering data, analytics and software applications for investment and corporate research and reporting. Clarity AI has offices in the US, UK and Spain and a client network with several trillion assets under management. Clarity AI’s team specializes in technology, sustainability and research, with collective experience from leading organizations, businesses and research institutions including NASA, the World Bank, Google, McKinsey & Company, Morgan Stanley, J.P. Morgan, Harvard, M.I.T, among others.
About Manaos (manaos.com)
Developed for the asset management industry by AELX SAS, a technology subsidiary of BNP Paribas Securities Services, Manaos provides a swift and easy connection between investors, asset managers, and a panel of carefully-selected fintechs and regtechs. This facilitates fund inventory collection and data standardisation and allows users to look through their portfolios for full transparency on their investments. Manaos operates according to bank-level, industry security standards.
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers).
BNP Paribas Securities Services London branch is authorised by the Prudential Regulation Authority with deemed permissions under the UK Temporary Permissions Regime. BNP Paribas Securities Services London branch is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. BNP Paribas Securities Services London Branch is registered in England and Wales under number FC023666. Registered office in the UK: 10 Harewood Avenue, London NW1 6AA.
In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. Services provided under this business line, including the services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which is duly authorized and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited liability company organized under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp. which is a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.