eToro Introduces ESG Scores Through the Partnership with ESG Book

eToro, the social investing network, announced the introduction of ESG scores for over 2,700 stocks on its platform enabling its users to consider environmental, social, and governance factors when building their portfolios.

Partnering with ESG Book, a global leader in ESG data and technology, eToro will provide insights into the world's largest corporations through a user-friendly traffic light system, with assets labelled as green, amber or red based on their overall ESG rating.

"We believe that knowledge is power when it comes to making investment decisions. Providing ESG scores gives our users access to additional information about a company which is not usually accounted for in traditional financial analysis,"said Gil Shapira, Chief Investment Officer at eToro.

"Although ESG scores should not be relied on as the sole factor for making an investment decision, they can play a valuable role as part of the investment decision-making process. The scores can help guide investors towards companies whose sustainable practices make them better positioned to outperform over the long term, and can also help them to avoid companies involved in business practices that are not sustainable over the long term or do not align with their individual values or beliefs."

Dr Daniel Klier, CEO at ESG Book, said:"Retail investors are increasingly looking for greater transparency on the sustainability impacts of their investments, driven by growing awareness that positive ESG performance can improve returns. Our new partnership with eToro will enable more investors to access high-quality ESG scores for better decision-making, helping to align capital to more sustainable outcomes."