Northern Trust Corp. said Thursday that it has added socially responsible investing guidelines to its Compliance Analyst, a customizable, Web-based tool that monitors investment portfolio guidelines and reports holdings that are nearing or have breached established limits.
The Chicago banking company has an agreement with Institutional Shareholder Services, a Rockville, Md., provider of corporate governance and socially responsible investing data, to offer research through Compliance Analyst to determine whether institutional and wealth management clients are investing in companies that derive revenue from potentially restricted areas.
Socially responsible investment restrictions can be chosen for companies that have issues with board diversity or labor disputes or that deal in adult entertainment, alcohol, animal testing, contraceptives-birth control, firearms, gambling, tobacco, or weapons production.
