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

Sumitomo Mitsui Trust Asset Management Selects Bloomberg Data Solution for SFDR Compliance

Subscribe to our newsletter

Sumitomo Mitsui Trust Asset Management has adopted Bloomberg’s data solution dedicated to helping firms meet the European Union’s Sustainable Finance Disclosure Regulation (SFDR). The asset manager is one of the largest in Japan and Asia, a signatory of both Japan’s Stewardship Code and Principles for Responsible Investment, and is actively pursuing initiatives to address ESG issues.

The deciding factors in Sumitomo Mitsui Trust Asset Management’s selection of Bloomberg included being able to understand how the data service and support system work, along with the data vendor’s ability to quickly enhance services by keeping up with daily regulatory changes.

“We particularly appreciate Bloomberg’s expertise in ESG regulations and expect the company to provide appropriate data in response to changing regulatory developments in Europe,” says Hiroyuki Horii, senior managing executive officer at Sumitomo Mitsui Trust Asset Management. “Bloomberg’s SFDR data solution provides wide coverage, especially of Japanese equities, and we intend to use the Principle Adverse Impact (PAI) data to comply with SFDR while enhancing our ESG investments and information disclosure.”

Bloomberg’s SFDR data solution generates PAI indicators compliant with SFDR requirements and uses the company’s company reported ESG data covering over 15,000 companies globally.

Sumitomo Mitsui Trust Asset Management will also use Bloomberg’s carbon emissions dataset, which takes company reported data and estimates Scope 1, 2, and 3 emissions for over 100,000 companies.

Norman Tweeboom, Japan regional head at Bloomberg, concludes: “Our SFDR data solutions have helped a number of firms across the globe to navigate the complex regulatory landscape and turn challenges into competitive advantages.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to trade surveillance for market abuse

Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and cause financial instability. This webinar will discuss market abuse of different types, such as insider trading...

BLOG

UK Seen Timing Ratings Regulation With EU Decision

The UK is expected to announce a new regime for overseeing ESG rating providers, a move that comes hard on the heels of a report indicating continued frustration with the metrics among investors. Ministers are expected to unveil their proposals early in 2024, following industry consultations earlier this year and months after the nation’s regulator said it...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...