Apex Group has launched an in-house environmental, social and governance (ESG) ratings and analytics service to evaluate the responsible investing standards of privately held global companies.
According to the Bermuda-based funds administrator, the platform offers clients “unique market intelligence” and access to a previously opaque asset class.
The firm has appointed Amara Goeree to head its global ESG product, and lead the GreenLight ESG Ratings service. She joins from Julius Baer where she was head of corporate sustainability and responsible investment.
Through GreenLight, Apex aims to give just as much importance to a company’s ESG score as it does to its credit score, said chief executive Peter Hughes.
The product will be offered alongside the firm’s existing ESG reporting solutions for listed assets launched last year, aiming to ease the reporting and due diligence process.
GreenLight also offers consulting services to support the integration of ESG across clients’ due diligence, value creation, and reporting processes, Apex said.
Hughes called the launch the start of an “ESG revolution” for the firm, which was founded in 2003 in Bermuda. It now operates out of 40 offices worldwide.
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