GreenCo has introduced new digital assessment and management tools to respond to the megatrend of sustainable funds. In the wake of burgeoning developments in green finance, more and more global business leaders, investors and regulators are requesting for greater actions on sustainability. While there are many rating services in the market, GreenCo’s new solutions focus on providing tailored-made models for fund managers who face challenges in integrating ESG into decision-making.
GreenCo’s solutions enable fund managers to keep up with the shift by building a strategic framework and climate risk management policy. Taking further steps to establish evaluation tools and adopt proactive approach to integrate ESG factors can also be a tactical strategy for fund managers to expand business network and be socially friendly.
GreenCo, as an ESG solution provider in Hong Kong focusing on developing fund manager friendly solutions, assists fund managers to develop a firm-level ESG policy and disclose climate related risks. Since having a basic or comprehensive ESG policy alone is not enough to satisfy prevailing market expectations, in addition to policy development, GreenCo also provides concrete solutions for ongoing ESG evaluation and integration.
Max Tsang, Director of GreenCo, aims to provide customised ESG support to fund managers. He says, “We all know and support Sustainalytics, Robeco, MSCI ESG Rating, Refinitiv, FactSet, Bloomberg etc. in promoting ESG intelligence. All of them are reputable rating and scoring solution providers. Nevertheless, their coverage still focuses on sizable public companies. Fund managers and analysts still face the challenges of limited rating and score benchmark for small and medium sized public companies and private company or projects. On the other hand, many fund managers want to involve in setting scoring algorithm and criteria included in the evaluation process. Through GreenCo, fund managers can have full control on the evaluation mechanism tailor-made for their funds. This allows them to balance and consider opinion from their stakeholders.”