Securities lending to address environmental and social issues

Sharegain has launched BetterLend to allow clients to invest some of their revenue in environmental and social initiatives

Capital markets fintech Sharegain has launched a product that aims to allow clients access to ESG through securities lending activity.

BetterLend allows Sharegain’s clients, who are asset managers, custodian banks and wealth managers, to invest a portion of their revenue from lending their securities into environmental and social initiatives around the world in the four areas of clean water, reforestation, renewable energy and education. Its charity partners include Tree Aid, Hope for Children, charity: water and Renewable World.

“Until now, securities lending has dealt with governance – the ‘G’ of ESG, ensuring securities lending is ESG-compliant,” said Boaz Yaari, founder and CEO of Sharegain. “Now is the time to make it truly compatible.

“Many investors want to achieve more with their securities lending. They want to deliver on the ‘E’ and the ‘S’ of ESG.

“We are very proud to launch BetterLend, making sure securities lending is ESG-compliant, while enabling our clients to make a positive impact in the world by planting trees, digging wells and installing solar panels, all by lending their securities.”

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Natasha Turner

Natasha is global deputy editor at ESG Clarity, part of the Bonhill Group, and has been a financial journalist for six years. She has been shortlisted for Story of the Year and Investment Journalist of...