OpenInvest’s solutions can shift trillions of dollars to support a green and fair transition, says Georgina Fleming. J.P. Morgan’s acquisition is significant as the largest US bank by assets.
J.P. Morgan has acquired OpenInvest – a world-class ESG fintech platform – in the bank’s drive to deliver sustainable investment solutions to its widespread client base.
OpenInvest has been a pioneer in helping asset managers create customised portfolios that align with specific environmental, social and governance (ESG) values such as fighting deforestation, reducing emissions, investing in ethical supply chains, or supporting more diverse workforces. Its multi-source ESG data provides robust, granular and up-to-date impact reporting for clients.
SYSTEMIQ initially invested into OpenInvest’s Series A in 2018. As a strategic investor, SYSTEMIQ supported OpenInvest’s expansion into Europe. OpenInvest is backed by Andreessen Horowitz, Y-Combinator, QED and ABN Amro among others, and was named one of the 10 Most Innovative Companies in 2020 for finance.
“OpenInvest’s solution can shift trillions of public market investment dollars to support a green and fair transition” says Georgina Fleming, Investment Director at SYSTEMIQ. “Its platform allows financial advisors to align portfolios with tangible values that their clients can relate to, whilst offering returns in line with major (non-ESG) indices. J.P. Morgan’s acquisition of OpenInvest is significant: as the largest bank in the US by assets, it brings the industry closer to shifting mainstream capital to deliver a green and fair transition.”
Katherine Stodulka, SYSTEMIQ’s Head of Sustainable Finance, added that “J.P. Morgan’s acquisition of OpenInvest confirms that mainstream capital is increasingly seeing ESG and sustainability as value-creating. OpenInvest helps integrate this seamlessly into portfolio decision-making.”
SYSTEMIQ is an advisory and investment firm dedicated to fighting climate change. Our strategic investment arm backs world-class entrepreneurs working on radically new, technology enabled solutions in areas where we have differentiated content knowledge and networks. Find out more here.
