Morningstar posts new Sustainability Rating for funds on websites

By Lisa Kerner

Charlotte, N.C., March 17 – Morningstar, Inc. said that its new Morningstar Sustainability Rating for funds is now available on its North American and European websites as well as through its Morningstar Advisor Workstation web-based practice management platform for advisers.

The Morningstar Sustainability Rating for funds, announced on March 1, helps investors evaluate mutual funds based on environmental, social and governance factors, according to a news release.

The company said it now provides sustainability ratings for about 21,000 mutual funds and exchange-traded funds, encompassing $13 trillion in assets under management, or more than half of fund assets globally.

Morningstar calculates the rating based on the underlying fund holdings and company-level ESG research and ratings from Sustainalytics.

“We’re making our Sustainability Ratings available for free to users on our global investor websites, said Morningstar’s head of sustainability Steve Smit. “We think the ratings will be most effective if they’re made widely available and placed in the hands of ultimate fund owners and advisors.”

Morningstar is an investment research and investment management firm based in Chicago.

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