A-Team Insight ESG Regulations The latest content from across the platform
ESG Ratings Providers See Calls for Regulation Snowball
The knives are out for ESG rating firms. Often criticised for their lack of consistency in assessing companies’ sustainability and ESG performances, ratings providers are now the subject of regulatory scrutiny with UK officials last week saying such companies were failing green markets. The Financial Conduct Authority (FCA) said the opacity of the methodologies of…
Bloomberg Launches New SFDR Tool for Asset Managers
Bloomberg’s fund manager clients can access a new tool enabling them to identify assets aligned with the European Union’s Sustainable Finance Disclosure Regulation (SFDR). The dashboard-based offering is available through Bloomberg’s Terminal.
ESG Data and Tech Summit to Reflect Pivotal Moment in Sustainable Finance
The cusp of a new era in ESG data and technology is upon us as financial institutions integrate sustainability into their everyday activities, mindful of the fact that they are not just custodians of money that will drive environmental and social change, but that are also part of the broader change project. In ESG’s next…
Why Data Is at The Heart of Navigating Global Regulatory Divergence
Volker Lainer, VP, Product Management and Regulatory Affairs at GoldenSource. The role of data in financial markets is constantly evolving to fit with trading trends and constant advancements in technology. Back in 2022, we saw new requirements come into force under MiFID II for banks and investment firms to integrate sustainability into their suitability assessments…
French Regulator Wants Tougher Guarantees in SFDR
The French financial regulator, Autorité des Marchés Financiers (AMF), has urged a rethink of part of the European Union’s wide-ranging ESG reporting rules. The AMF wants to see minimal environmental impact standards for ESG-linked funds, arguing that without them, the Sustainable Finance Disclosure Regulation (SFDR) would inadvertently encourage greenwashing.
Mizuho Bolsters ESG Data Capabilities as Japan Toughens Regulations
Japanese financial giant Mizuho Bank has upgraded its ESG data capabilities as the government in Tokyo tightens rules on sustainability reporting and after the bank was implicated in a greenwashing scandal. The financial services major has put in place a disclosures and data verification framework to help it assess the progress and credibility of net-zero…
Delivering on ESG Through the Cloud
By Shaun Hurst, Principal Regulatory Advisor for EMEA, Smarsh. ESG, the acronym that refers to the alignment of environmental, social, and governance performance and objectives with company practices and investor strategies, has evolved from being a ‘nice to have’ for companies and financial institutions to a concrete expectation. But with rising regulation, litigation and growing scrutiny…
Data Challenge Poses ESG Rethink for Private Equity
Uncertainty over how ESG data should be used and reported is placing a strain on private equity investment, one of the fastest growing pools of capital going into sustainable markets. A survey by software-as-a-service data management firm Key ESG found that nine in 10 of the portfolio companies that private funds trust to manage their…
Audit Risk Platform Adds ESG Functions of Use to Investors
A regulatory risk assessment platform for UK-based auditors has been upgraded with ESG functions that can be used in financial institutions’ due diligence processes. RegTech provider Ideagen has made it possible for clients to isolate non-financial reporting requirements from a broader checklist of compliance expectations of companies large and small. The functionality has been created…
European Regulators Give Backing to Planned CSRD Reporting Rules
Europe’s three main financial regulators have given conditional backing to the European Union’s proposed Corporates Sustainable Reporting Directive (CSRD), which will govern how companies disclose their ESG performance. The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA) said the rules – termed European…