Lombard Odier wins award for sustainable investment technology

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Lombard Odier wins award for sustainable investment technology

This accolade for “Best Private Bank for ESG Technology” Award was announced during a virtual ceremony on 24 June, and confirms our pioneering position and recognised expertise in sustainability and innovation.

The annual PWM WealthTech Awards are organised by the Financial Times Group, and celebrate the companies defining the digital landscape for wealth management. The winners are selected by a panel of 10 industry experts, and this year over 50 financial institutions submitted entries. This marks the third time Lombard Odier has won an award.

Technology has always been an enabler of sustainability and plays a major role in meeting Lombard Odier’s sustainability objectives, as our global economy transitions to a model that is circular, lean, inclusive and clean (CLICTM).

Our in-house technology platform powers our sustainable investment framework. It enables our analysts, investment strategists, portfolio managers and bankers to share and analyse our proprietary investment views, sustainable investment scores on clients’ portfolios, and on individual investment positions within them. This seamless and integrated use of technology won us the award.

Our in-house technology platform powers our sustainable investment framework

“In order to share our leading sustainable investment analysis with teams across the Group, we needed a user-friendly digital platform. This platform is designed to show our views on the companies driving the CLICTM transition clearly. It enables our portfolio managers and bankers to view and interrogate our analysts’ scores – and how they can inform our investment decisions – at a glance,” said Geoffroy de Ridder, Head of Technology & Operations at Lombard Odier.

Our sustainable investment methodology has been developed and refined over the last 25 years. It includes proprietary environmental, social and governance (ESG) scoring, plus an additional layer to separate the firms making concrete progress on their commitments. It includes analysis of our investments against the 17 UN Sustainable Development Goals (SDGs), impact metrics such as carbon intensity and water use, exposure to controversies, and now our Lombard Odier Portfolio Temperature Alignment (LOPTA) methodology. LOPTA assesses the future temperature trajectories of over 23,000 companies, and their alignment with the Paris Agreement goals to limit global warming to 1.5-2 °C.

Our technology platform provides an at-a-glance view of these metrics. The current platform is the result of a close collaboration between our business and technology units, and is designed to be comprehensible ¨, as well as offering several ways of viewing and analysing the data.

The current platform is the result of a close collaboration between our business and technology units

“The use of data in helping bring a digital approach to environmental, social and governance (ESG) investing has finally become an important differentiator for private banks” noted Yuri Bender, Editor-in chief of PWM, one of the judging panel.

“PWM's Wealth Tech judges were particularly keen to identify banks making headway in this sphere. The panel's attention was drawn to the impressive tools developed by Lombard Odier to determine water usage patterns and carbon footprints of companies in clients' investment portfolios. They saw this as a good example of how sustainability can be embedded in a bank's portfolio management process,” he added.

Professional Wealth Management (PWM) magazine, the host of the PWM WealthTech awards, is published by the Financial Times. It specializes in analysing the growth strategies of private banks, and the delivery of wealth solutions to private clients and entrepreneurial families. 

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