Clearstream launches a new sustainability service for fund distributors
Clearstream, Deutsche Börse’s post-trade services provider, launches a new sustainability service for fund distributors, in collaboration with Clarity AI. Going forward, fund distributor clients of Clearstream Fund Centre can get detailed insight into sustainability characteristics of investment funds via the Fund Compass application.
The new service includes three main features:
1. Filtering the fund search functionality based on a comprehensive set of sustainability scores to match respective sustainability preferences
2. Comparing and benchmarking over 72,000 share classes according to sustainability scores
3. In-depth insights into additional criteria, such as ESG (environmental, social and governance), climate, UN SDGs (United Nations Sustainable Development Goals), as well as exposure and impact highlights at share class level.
Earlier this year, Deutsche Börse has invested in Clarity AI.
Bernard Tancré, Head of Investment Fund Services Product at Clearstream, comments: “Fair, reliable and transparent markets are at the core of the transformation towards more sustainable economies. As a leading fund service provider and distribution platform, we are committed to actively drive this transition. Together with Clarity AI, we give distributors – and investors – effective means to base their investment decisions on high-quality, comprehensive and comparable ESG criteria.”
Rebeca Minguela, Founder & CEO of Clarity AI, says: “The demand for sustainability assessment of funds keeps growing. Partnering with Clearstream and their fund distribution platform, Fund Centre, underlines our objective to increase adoption and transparency regarding sustainable investing. By integrating our Clarity AI capabilities directly into Clearstream’s Fund Centre platform, we make it easy for distributors to access and assess comprehensive sustainability information for any fund.”
As an international central securities depository (ICSD), headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 59 domestic markets worldwide. With 16 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.
Its fund distribution platform Fund Centre provides access to over 72,000 funds domiciled in 25 fund jurisdictions and connects close to 330 distributors to almost 450 fund providers of mutual funds, ETFs and alternative investment funds around the globe.
About Clarity AI
Clarity AI aims at contributing to a more socially efficient capital allocation by providing decision makers with the most reliable and comprehensive tools to understand and optimize social and environmental impact, leveraging scientific research and the latest technologies.