Northern Trust adds to SRI tracking capability

Northern Trust’s compliance monitoring capabilities now includes tracking companies that do business with nations identified by “U.S. legislation or government authorities as supporting terrorism or human rights violations,” that violate Shariah law, or that have industry ties to or are investors in land mines or cluster bombs, spokeswoman Alexis Geocaris confirmed. Compliance Analyst, a web-based monitoring tool, alerts institutional investors when a portfolio is nearing or has violated a client’s governance or socially responsible investment policies. RiskMetrics provides monitoring data for Northern Trust.