Apex Group announces collaboration with BlackRock’s eFront to bolster ESG data collection for private markets
Apex Group Ltd. (“Apex Group” or “The Group”), a leading global financial services provider, today announced a collaboration with BlackRock’s eFront to provide the General Partner (“GP”) community with market leading ESG data consulting services from Apex Group.
The partnership will provide GPs with a combination of Apex Group services and eFront’s technology to feed ESG data into eFront’s ESG Outreach solution, launched in 2021 and designed to help private market investors simplify and create standards for ESG reporting through a universal framework for data collection.
Apex Group’s proprietary ESG platform was launched in 2019 to provide technology, guidance and resources for private markets participants to quantify and improve their ESG performance. Its platform is supported by a team of ESG analysts to guide companies, independently verify their data, and advise on ESG performance improvements to mitigate risks and identify opportunities.
Investment professionals in alternative asset classes have a growing need to access ESG data to help identify risk and opportunities. However, GP’s looking to incorporate ESG factors face challenges obtaining complex ESG metrics from portfolio companies. Apex Group’s award winning ESG Rating, Reporting and Advisory Services will offer individual GPs and portfolio companies support to collect, calculate and improve the quantifiable ESG metrics that eFront’s ESG Outreach offering looks to source through eFront’s widely supported ESG reporting framework and data acquisition technology.
Through the combination of Apex Group’s services, and the fulfilment of data into eFront’s ESG Outreach platform, the partnership will help bolster the creation of a private market benchmark for ESG metrics, and ultimately help further the standardization of ESG data for private markets.
Peter Hughes, Founder and CEO, Apex Group: “We are excited to be collaborating with eFront to bring holistic, end-to-end ESG data collection and analysis capabilities to the private markets. With Apex Group’s consulting services, GPs will have additional resources at their disposal to help meet their ESG reporting needs from collection through to reporting.”
Melissa Ferraz, Head of eFront Insight: “Working with Apex Group, we are excited to continue to lower the barriers that exist in private markets ESG reporting. We have seen strong adoption of ESG Outreach, and the collaboration with Apex Group will only further accelerate our shared goal to streamline and standardize ESG data for private markets.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and nearly 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
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