Leading global bank Citi announced today that it has incorporated ESG scores into its securities services data platform, Citi Velocity Clarity. According to the bank, the new functionality aims to enable clients to analyze the sustainability exposure of their holdings at the portfolio and security level.

Fiona Horsewill, Global Head of Data for Citi Securities Services, said:

“The ability to understand ESG exposure has become imperative across the entire industry as investors, advisors and regulators are increasingly asking for transparency from asset managers and asset owners. With this latest addition to Citi Velocity Clarity, we offer our clients the ability to understand their ESG exposures inherent within their portfolios and report on their investments from a sustainability perspective.”

Citi Velocity Clarity is a data services platform that facilitates comprehensive data integration and consumption to help clients gain insight, improve operational efficiency, and reduce infrastructure costs. Citi recently launched a major upgrade to the platform, including enhancements to the universe of available data, bespoke reporting capabilities and API functionality.

Citi has developed new visualization tools to analyze multiple sustainability measures provided on a daily basis by ESG data platform Arabesque S-Ray. The bank stated that it plans to work with clients to continue to develop the scope and functionality available through Citi Velocity Clarity, including incorporating additional ESG data from other providers.

Elree Winnett Seelig, Global Head of ESG for Markets and Securities Services at Citi, said:

ESG considerations now permeate every part of the capital markets, and Citi is committed to being a leader on this front. When we look at all the ways we can facilitate the transparency of ESG factors in the market, providing access to data is a critical foundation.”

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