Util and ACTIAM announce partnership
Util, an Oxford-based financial technology company, has today announced that it is entering into a partnership with ACTIAM N.V, the EUR54.1 billion responsible investment manager.
Util is currently developing its proprietary holistic company valuation methodology which addresses the need for a standardised and comparable analysis that considers a company’s social and environmental performance alongside its financial performance. This analysis will help identify and steward investments to optimise financial and non-financial performance.
Furthermore, Util’s methodology builds upon the best practice of existing global frameworks, including the UN Principles for Responsible Investing, Integrated Reporting and the UN Sustainable Development Goals (SDGs).
Over the next twelve months, ACTIAM will assess and audit Util’s methodology and actively use Util’s data and insight in its investment process.
Dennis van der Putten, Director Sustainability & Strategy at ACTIAM, said: “ACTIAM is a frontrunner in the Dutch financial sector when it comes to providing insights in responsible investing. Util’s new methodology builds on existing best practices. This is in line with the industry call to use more standardised data, which we at ACTIAM actively support. These insights will help us construct investment portfolios that support the Sustainable Development Goals and will be used in our engagement with the companies that we invest in.”
Stephen Barnett, Util CEO, said: “We are incredibly excited to be partnering with ACTIAM who have consistently evidenced their commitment to responsible investing by supporting innovative initiatives such as Util. We are especially excited to work alongside ACTIAM in support of their future business development, which we expect will set a standard in intentional, positive investing.”
ACTIAM is the leading responsible asset manager for more than one million people in the Netherlands, with €54.1 billion in assets under management (December 2017). ACTIAM offers a comprehensive range of investment funds and investment solutions, extending from index investing all the way to impact investing. ACTIAM imposes strict criteria on its investments and follows a robust selection process without making concessions to financial returns. ACTIAM has a leading position in this area.
Util is an Oxford and London based financial technology company providing responsible investors with actionable data and metrics. Solving the world's major problems requires an estimated $4trn a year, and such amounts can only be serviced by mainstream investing. To support the asset management community in investing more responsibly, Util has developed a unique methodology, powered by machine learning, to holistically analyze the financial and non-financial value companies create and destroy for all their stakeholders.
Util's methodology is developed alongside world-class academics and practitioners, and over 2018 Util will seek to develop its product offering alongside it's two commercial partners, to bring its flagship product to the $28.7bn global data and analytics financial services market.