PwC and IdealRatings are joining forces to bring new and innovative services in the field of screening Ethical, ESG and Islamic investments.
Following the financial crisis, regulations affecting banks, insurers and investment funds have entered into force to increase both transparency in reporting and monitoring of investments. Driven by their investors, such financial actors are seeking to invest in companies, organizations, and funds with the aim not only to achieve a financial return, but also to generate measurable social and environmental benefits. Responsible investing has been growing in popularity over the past years and investors are requiring greater transparency and control over the categorisation of such investments.
In this context, development of social responsible investments using a specific label to recognize these investments would increase undoubtedly the transparency and attractiveness for the investors.
As a leading financial centre in Investments Funds and particularly in cross-border distribution and asset servicing, Luxembourg is a location of choice to support this trend. This leading position combined with its local expertise are essential to attract investors seeking for performance, transparency and high service quality relating to such investments.
François Génaux, Financial Services Consulting Leader at PwC Luxembourg said:
“As the leading professional services firm in the Luxembourg fund industry, we are eager to identify and share the best practices and latest solutions that can help asset managers and their services providers to enhance their investor solutions. Joining forces with IdealRatings will help us deliver the right strategy to the market players. In particular, we’ll be able to screen their investment universe against related market standards and customise guidelines applied on different asset classes whether they are equities, fixed income, REITs or indexes.”
Mohamed Donia, CEO, IdealRatings Inc., comments:
“We are extremely enthusiastic about the recently launched Joint Business Relationship with PwC Luxembourg. As a leading provider in the research and screening industry, IdealRatings commitment has always been to provide our clients with valuable services and we are confident that joining forces with such a leading professional services firm will amplify the range of services and benefits offered to both PwC and IdealRatings top-tier institutional clients”
PwC and IdealRatings will be able to provide asset managers and their service providers with compliance services, especially with Social Responsible investments and Shariah Compliant Investments criteria (including the review of investment policies, controls, screening methods and reporting mechanisms).
Notes to editors:
IdealRatings, Inc. incorporated in San Francisco, is a global Fintech solutions provider for faith-based and ESG/SRI investments with a proven track record. The database solutions for Equities, REITs and fixed income are comprehensive for Global Fund Managers. IdealRatings also calculates custom-built Indexes and benchmark indexes for Asset Managers who requires customized solution for their mutual funds. IdealRatings solutions are licensed by leading financial institutions, asset managers, index providers and brokerage firms globally in over 25 countries.
About PwC Luxembourg
PwC Luxembourg (www.pwc.lu) is the largest professional services firm in Luxembourg with 2,700 people employed from 58 different countries. PwC Luxembourg provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice. The firm provides advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. The firm helps its clients create the value they are looking for by contributing to the smooth operation of the capital markets and providing advice through an industry-focused approach.
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