The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

AxiomSL Integrates ESG and Financial Reference Data to Automate Sustainability Reporting

AxiomSL has released an Environmental, Social and Governance (ESG) solution designed to automate compliance with sustainability and social impact reporting requirements being developed by the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and other regulatory bodies.

The solution standardises the process of integrating ESG data attributes, such as counterparty exposures, climate risk reference data and social impact data, with existing financial reference data in a common data dictionary to streamline ESG reporting for financial institutions.

It does this by ingesting proprietary, bank reported and third-party ESG data from all major data vendors and reducing the information down to granular data attributes that can be tagged with reference data required for regulatory disclosure. By integrating individual ESG attributes with existing financial data in a common data dictionary, the solution makes it possible to automate ESG risk disclosures using a methodology that ensures both accuracy and consistency.

In addition to fulfilling regulators’ disclosure requirements, a consistent data flow makes it possible for institutions to continually benchmark their progress against stated sustainability and social impact improvement goals.

“Creating a sustainable future is about more than just reducing emissions and committing to global initiatives. Financial institutions need to be able to accurately measure and report on their exposure to ESG risks to track progress and drive improvement,” says Alex Tsigutkin, founder and CEO at AxiomSL. “By integrating essential climate risk and social impact data with our existing financial data in a common data dictionary, we are making it possible for institutions to automatically capture and report ESG exposures in much the same way as they have been reporting traditional financial risks.”

Related content

WEBINAR

Recorded Webinar: Improving data integrity to address regulatory requirements

Financial institutions today face a global regulatory landscape characterised by rigorous and varied reporting requirements across their businesses. Reporting challenges include completing more data fields across more lines of business with greater frequency, adding complexity and cost. At the same time, there is waning tolerance among supervisory bodies for errors, issues or delays – as...

BLOG

NeoXam Partners Market Data Consultancy MDP to Extend Reach of DataHub

Paris-based data management platform provider NeoXam has forged an alliance with market data consultancy MDP to extend the reach of its DataHub platform in the DACH region comprising Germany, Austria and Switzerland. The initiative will focus on helping clients deal with market and reference data challenges such as costs, multi-vendor strategies, reconciling data sources and...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...