About a-team Marketing Services

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


Upcoming Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business

Date: 18 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers...


Rimes Wins Award for Best Buy-Side Managed Services Platform in A-Team Group’s Data Management Insight Awards Europe 2023

Rimes has won the award for Best Buy-Side Managed Services Platform in A-Team Group’s Data Management Insight Awards Europe 2023. These annual awards recognise leading providers of data management solutions, services and consultancy to capital markets participants across Europe. Rimes’ buy-side managed services platform was selected as an award winner by A-Team Group’s European data...


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.


Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...