CMC Invest Adds ESG Data To Its Feature
Few months after its launch, CMC Invest, a stock trading platform welcomed environmental, social, and governance (ESG) to its platform. The broker is currently displaying ESG data in its app to ease checking the shares, EFTs, and investment trusts.
Besides giving a lead on EFTs and investment trusts risks, the broker also issues an overall sustainability rating, ESG risk score, and the contentious product areas where the funds are involved.
The aimed target of the added feature in the platform is to help clients access the live streaming of ESG data, particularly the clients who consider ethical concerns along with profits.
On top of ESG data, CMC Invest added a customer-friendly response variable in the feature and plans more due to go out in the coming year.
“By bringing actionable data and insights to our customers, we can deliver a more personalized experience. We want everyone to achieve their long-term goals knowing their investments will continue to support their beliefs and principles,” the Head of CMC Invest UK, Albert Soleiman narrated.
ESG Data Demand
The reason behind the addition of the feature is the pressing growth of such information among retail and institutional investors. This has led to the announcement of major ESG-Centric investment plans by BlackRock, a major entity that oversees $8 trillion in investments.
In a recent survey conducted by Finder, 77 percent of Brits were found to consider ethical investing. “This echoes our internal research, with customers telling us they want greater transparency around the impact companies have on the world and society. Clearly, awareness around sustainability, social responsibility, and ethics is continuing to grow,” said Alister Sneddon, the Head of Products at CMC Invest.
The growing demand for ESG data has not only been embraced by CMC alone but it has been conveyed to Swissquote. The Swiss banking group started to display ESG data on most of the stock that they offer. In addition, other brokerage groups agree on ESG growth when it comes to retail investing.
“It’s no longer purely about maximizing a return; investors want to achieve long-term goals and help to deliver good outcomes that they are proud of. As such, investments are becoming a reflection of people’s own values and principles,” Sneddon noted.
“Even in the advisor and fund manufacturing sector of the investment industry, we are witnessing a growing trend and pressure to deliver greater transparency to help customers have a positive impact. With 83% of consumers saying their personal ethics influence their buying decisions at least some of the time, we couldn’t ignore the demand. Our mission is to always provide customers with the support and data to make informed decisions,” Sneddon added.
