Eurex Clearing expands its ESG Compass to repo transactions
10 December 2024 Germany
Image: VaCity/stock.adobe.com
Eurex Clearing has expanded its ESG Clearing Compass to cover cash market and repo transactions.
The latest enhancements will extend the ESG Portfolio Assessment to cover transactions at the Frankfurt Stock Exchange (excluding ETFs) and Eurex Repo.
The new service will be available to all clearing members and individually segregated clients.
“Eurex Clearing’s expansion of its ESG Compass to cash market and repo transactions marks a crucial step in integrating sustainability into all areas of financial markets,” says Wolfgang Graf Vitzthum, managing director for ESG and transformation finance advisory at Commerzbank, which has acted as a partner in this initiative.
Initially launched in April 2023, the ESG Clearing Compass focuses on the ESG Portfolio Assessment and the ESG Visibility Hub.
These services aim to support clearing members and their clients in their sustainability efforts by enhancing transparency and awareness regarding their cleared portfolios and counterparties.
In August 2024, the offering was expanded to include climate metrics for eligible securities in a dedicated report
As part of the ESG Clearing Compass enhancements, the firm will introduce the possibility to analyse equity and bond positions on 11 December.
“We aim to promote transparency, which is critical for decisions like portfolio decarbonisation or integrating environmental, social, and governance (ESG) factors into counterparty assessments,” explains Christina Sell, chief sustainability officer, Trading and Clearing, Eurex.
Pauline Engelberts, global chief operating officer and chief sustainability officer at ABN AMRO Clearing Bank, adds that transparency will allow clients to make informed decisions.
She says: “The ESG Clearing Compass is a service which will allow clients to obtain an overview of their actions, without value judgement, with the aim to educate and inform.”
The latest enhancements will extend the ESG Portfolio Assessment to cover transactions at the Frankfurt Stock Exchange (excluding ETFs) and Eurex Repo.
The new service will be available to all clearing members and individually segregated clients.
“Eurex Clearing’s expansion of its ESG Compass to cash market and repo transactions marks a crucial step in integrating sustainability into all areas of financial markets,” says Wolfgang Graf Vitzthum, managing director for ESG and transformation finance advisory at Commerzbank, which has acted as a partner in this initiative.
Initially launched in April 2023, the ESG Clearing Compass focuses on the ESG Portfolio Assessment and the ESG Visibility Hub.
These services aim to support clearing members and their clients in their sustainability efforts by enhancing transparency and awareness regarding their cleared portfolios and counterparties.
In August 2024, the offering was expanded to include climate metrics for eligible securities in a dedicated report
As part of the ESG Clearing Compass enhancements, the firm will introduce the possibility to analyse equity and bond positions on 11 December.
“We aim to promote transparency, which is critical for decisions like portfolio decarbonisation or integrating environmental, social, and governance (ESG) factors into counterparty assessments,” explains Christina Sell, chief sustainability officer, Trading and Clearing, Eurex.
Pauline Engelberts, global chief operating officer and chief sustainability officer at ABN AMRO Clearing Bank, adds that transparency will allow clients to make informed decisions.
She says: “The ESG Clearing Compass is a service which will allow clients to obtain an overview of their actions, without value judgement, with the aim to educate and inform.”
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