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The leading knowledge platform for the financial technology industry

A-Team Insight ESG Regulations The latest content from across the platform

GRI Revises Universal Standards and Restructures Governance

Global Reporting Initiative (GRI) has revised its universal standards to help subscribers better report on their ESG impacts. The revisions, the “most significant” update since 2016, incorporate human rights disclosures and have been carried out to enable firms to better respond to new regulations, particularly SFDR. The Netherlands-based sustainability standards setting organisation has also reshaped…

Why Both Asset and Investment Managers Need to Think Outside the Box on ESG Regulations

By Janine Hofer-Wittwer, CFA, Senior Product Manager, Financial Information at SIX. A landmark report from the UN’s Intergovernmental Panel on Climate Change has shocked nations on a global scale. The findings suggest that the world is likely to reach 1.5C of warming before 2040 as a direct result of human activity, calling the entire world…

SFDR Compliance to Remain a Struggle for Many Companies

The European Union’s Sustainable Finance Disclosure Regulation (SFDR) is still posing challenges for companies six months after its partial introduction. And with its next stage of implementation just a couple of months away for some companies, full compliance is likely to be difficult to achieve, according to a panel of ESG professionals on a recent…

UK May Place Data Vendors Under FCA Watch

The UK is considering placing ESG data vendors under the regulation of its financial watchdog in a bid to eliminate greenwashing and to make impact investing more transparent. The government said the Financial Conduct Authority may be asked to bring the companies under its purview because it was important to ensure the integrity of a…

New TCFD Reporting Guideline Updates Welcomed

The first update to the Task Force on Climate-related Financial Disclosures’ (TCFD) guidelines since their drafting in 2017 has been welcomed across the ESG ecosystem as an important step in bringing clarity and rigour to corporate disclosures. The new measures were published with the TCFD’s latest annual status report, which showed that the number of…

Vendor Strategy: Element 22 Joins the Fast Track Straight Out of the Blocks

Element 22’s ESG data product is among the newest in the industry. Launched in March, ESGi provides buy-side firms with a unique means of connecting directly with corporates to gain insights into their ESG credentials. It didn’t take long for this innovative approach to data gathering to attract high-profile attention. Within just a few months…

Level 2 SFDR ESG Disclosure Requirements are on the Horizon – Is Your Organisation Ready to Comply?

The EU Sustainable Finance Disclosure Regulation (SFDR) is central to the European drive towards a sustainable financial market. It is also complicated and multi-faceted, and makes rigorous demands on financial firms to source large volumes of ESG data and meet numerous reporting obligations. Key elements of disclosure include sustainability risk, principle adverse impacts, and a…

‘Light Bulb’ Moment Looms for Data Reporting, Says Solidatus

The financial data industry is experiencing an ESG “lightbulb moment” as regulators and financial institutions get to grips with challenges facing corporate disclosure and data quality, according to Solidatus. The recent introduction of the EU’s SFDR and, probably more importantly, the Bank of England’s stress tests of lenders’ climate risks are likely to prove a…

Greenwashing Being Aided by Inconsistent Data, Say Experts

The growth of ESG data sources will be a powerful weapon in the battle against greenwashing, but a lack of consistency within datasets and the difficulty many companies face in providing enough intel is increasing opportunities for them to exaggerate their achievements, according to leading industry figures. Long-standing challenges such as standardisation of unstructured data…

ESG – Today’s Data and Technology Landscape

Given the surge in demand for ESG data and technology solutions to meet regulatory requirements, established financial technology and data suppliers are putting their expertise to work, creating new solutions to meet that demand. With so much going on, navigating the emerging landscape can be confusing. So what are the key ESG functions financial services…