Fintech company Broadridge and sustainable investment research and consulting company Third Economy announced the launch of a new ESG Advisory Service aimed at helping corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders.

According to the companies, the new service combines Broadridge’s data, technology and communications expertise with Third Economy’s proprietary methodology for systematically evaluating sustainable investment efforts of companies. The service encompasses capabilities from ESG strategy formation to monitoring and reporting. Using the new service, companies will be able to benchmark ESG efforts to peers and industry best practices, align efforts with frameworks and standards including SASB, CDP, and TCFD, calculate carbon footprints and set long-term environmental impact reduction goals, and enhance shareholder communications on ESG and sustainability initiatives, among other features.

Dorothy Flynn, President of Corporate Issuer Solutions at Broadridge, said:

“Companies are making corporate responsibility initiatives part of their business strategy as more retail and institutional investors raise ESG concerns and seek the long-term performance advantages and benefits of ESG-focused businesses. Investors and other stakeholders are increasingly looking at ESG disclosures as a fundamental expectation, driving the need for additional connectivity between companies, investors and other stakeholders.”