Singaporean bank DBS has incorporated MSCI ESG Ratings into its wealth management business in response to increasing demand for ESG investing.

The ratings will be used for the bank’s wealth products. These include advisory, as well as discretionary, portfolio services.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

MSCI ESG Ratings is used to detect risks and opportunities related to ESG and score firms depending on their risk management ability and ESG risk exposure.

The ultimate aim is to enable investors make better decisions during the investment process.

DBS Wealth head of managed solutions, balance sheet products and investment governance Marc Lansonneur said: “Encouraged by growing evidence of the correlation between robust ESG practices and strong corporate financial performance, more are expressing interest in incorporating ESG into their decision-making processes.

“However, they are often hampered by the lack of historical ESG data or a recognised sustainability benchmark. By adopting MSCI ESG Ratings and enabling transparent comparability, we hope to address this gap and drive growth in the ESG investing space.”

Customers of the bank’s wealth management business can access the ratings on request.

In this context, the bank cited a 2017 study by FactSet. According to the study, 90% of the HNW millennials intend to raise responsible investment allocations in five years.

Lately, various major financial firms have stepped up their ESG game.

In September 2019, Credit Suisse Asset Management announced plans to incorporate ESG factors into its investment process.

In the same month, BNP Paribas Asset Management deepened its ESG push by making its flagship fund range completely sustainable.

A month later, Lyxor Asset Management, a unit of Societe Generale, announced its climate policy that included plans to launch ESG-focused offerings.