JPMorgan's Securities Service division has launched sustainable investment data solutions combining data from selected providers to make it easy for institutional clients seeking environmental, social, and corporate governance-related (ESG) investments.

JPM's solutions for sustainable investments are available through the bank's analytics platform, Fusion, and combines data from Bloomberg, Equileap, FactSet, ISS ESG, MSCI, RepRisk, Revelio Labs, S&P Global, and Sustainalytics, the bank said in a statement on Tuesday.

Simplifying ESG Investments

The Fusion-based Sustainable Investment Data Solutions would give investors access to precise data while providing a way to manage, monitor, and access tools for customized metrics, the company added. Thus, the bank aims to make it easy and efficient for clients looking for ESG investments.

Sustainable and impact investing considers the environmental, social, and governance of a company when making investment decisions. But, despite its advantages, one of the biggest problems is a lack of uniformity and openness in ESG data.

"Data for sustainable investing is particularly challenging given its scale, inconsistency, and incompleteness," Gerard Francis, the Head of Data Solutions at J.P. Morgan, said, adding that: "We are pleased to work with our providers to deliver a unique and transformative solution for investors."

Sustainable and Impact Investing

Moreover, the growing popularity of sustainable and impact investing is attracting fintech companies. Plus500, the online trading services provider for contracts for differences (CFDs), shares dealing, futures, and options on futures, launched an ESG trading product suite in May. Plus500's ESG Trading suite is available on its OTC and share dealing platform, and comprises ESG Impact Indices tradable on the company's OTC trading platform.

Meanwhile, JP Morgan announced towards the end of May that it was laying off 1,000 of approximately 7,000 staff of First Republic Bank after completing the acquisition of the bankrupt lender.

First Republic Bank was one of the banks, besides Silicon Valley Bank and Signature Bank, that collapsed during the US banking crisis at the beginning of the year. Later, the US regulators took control of the lender and sold it to JP Morgan Chase.

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