Pictet Asset Services launches online ESG self-assessment for 3rd party fund managers

Press release

This newly developed online platform will guide clients through all applicable compliance criteria regarding the integration of ESG characteristics or definition of sustainable investment objectives. The EUAP, and specifically the EU new Sustainable Financial Disclosure Regulation (SFDR), which comes into effect in March 2021, imposes new transparency obligations and periodic reports at both product and manager level.

The dedicated website allows Pictet Asset Services clients to proactively assess the requirements associated with their ESG transition. The website is accessible under this link: https://esg.assetservices.pictet/.

The platform is based on three pillars:

• A client awareness role of providing the relevant information from the five main regulatory dimensions of the EUAP: Disclosure (SFRD), Taxonomy, UCITS & AIFMD, MiFID II and Carbon Benchmarks. This allows clients and prospects to gather the relevant information and make informed decisions. The requirements will differ depending on the ESG strategies targeted by each asset manager.
• The second part of the platform details the offering and support services that Pictet Asset Services can provide, as well as the implementation timeline.
• The final section of the web platform is reserved to clients and prospects. It is an online self-assessment designed to either support their transition towards more ambition ESG strategies or consolidate their current investment approach within the SFDR requirements. A concrete ESG implementation roadmap is then provided, in line with each asset managers’ product strategy.

Marc Briol, CEO of Pictet Asset Services said, “This is a crucial effort on our way to a greener economy. Third party fund managers are amongst our principal business-to-business clients and we are thrilled to offer them this unique service and facilitate their ESG transition. As their sparring partner, we accompany our clients every step of the way whilst navigating this regulatory transition.“

Commenting on the EUAP, Marc Briol said, “The EU Action Plan on Sustainable Finance is an important and necessary step. Our goal is to try to preserve boutique asset managers that don’t necessarily have the adequate infrastructure to tackle these ESG regulatory complexities.”

Sergio Venti, Head of Client Solutions & Innovation at Pictet Asset Services said, “True to our tradition of building responsible partnerships, our digital client interface aims at accelerating ESG adoption through superior customer experience, while simplifying complex regulatory requirements.”

Contact

Isabelle Düblin
Group Corporate Communications
Pictet Zurich
+41 58 323 7794