About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

AxiomSL Integrates ESG and Financial Reference Data to Automate Sustainability Reporting

Subscribe to our newsletter

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.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Cross-Regulation Data Consistency and Accuracy

Regulatory reporting obligations continue to expand, bringing with them more overlaps of data elements across reporting regimes. As many firms struggle with the accuracy and completeness of individual reporting obligations, regulators have increasingly begun to focus on cross-regulation data consistency in their data validations and examination processes. This webinar will identify cases of data overlap...

BLOG

A-Team Group Names Winners of Data Management Insight Awards – USA 2022

A-Team Group announced the winners of its inaugural Data Management Insight Awards – USA 2022 today. The awards were presented by highly respected capital markets participant Predrag Dizdarevic, partner at data management consulting and solutions provider Element22, after the close of A-Team Group’s Data Management Summit New York and during a lively drinks reception. These...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...