A-Team Insight ESG Regulations The latest content from across the platform
Direct Lenders Seek More Data to Develop ESG Market
Direct lending funds’ ambitions to invest more heavily into sustainable projects are being hindered by a shortage of good quality ESG data. The pools of capital, which have grown in popularity as banks pull away from middle-market corporate borrowers, are looking to up their lending to ESG-linked companies and projects. According to a survey by…
Switzerland Proposes Green Labelling Rules
Switzerland has proposed new rules covering the labelling of sustainable financial products traded in the Alpine nation’s markets. The Swiss Federal Council said it will require issuers of the products to be able to justify the use of descriptive terms such as “green” and “ESG”. Among other requirements, the council proposes that issuers include disclosures…
Clarity AI and LSEG Create Compliance Tool for Updated SFDR
Sustainability tech platform Clarity AI is providing the infrastructure and analytics behind a new tool that’s helping LSEG’s financial institution clients comply with European ESG reporting rules that came into effect this week. SFDR Reporting Professional Powered by Clarity AI has been created to enable compliance with the new Level 2 Sustainable Finance Disclosure Regulation….
IFRS to Open China Office as Asia Base for ISSB
The IFRS Foundation has signed an agreement to open an office in China from which it will base Asian operations of the International Sustainability Standards Board (ISSB). The three-year memorandum of understanding was signed with the Chinese Ministry of Finance and will initially be the office of ISSB member Bing Leng. “The announcement of the…
2023, the Year When ESG Comes of Age
If the past 12 months tested the resilience of the global ESG project, then 2023 is likely to be the turning point from which it becomes an irreversible part of the financial landscape. Data quality will improve as regulations toughen and as disclosures and reporting standards become codified internationally, market experts predict for the new…
2023 is the Year for Tackling ESG Data, Frameworks, and Compliance – from Front-to-Back
By Janine Hofer-Wittwer, CFA, Senior Product Manager, Financial Information, SIX. The role of data in financial markets is constantly evolving. However, ESG data is currently underrated and undervalued in terms of strategic importance and the future of finance. Earlier this year, we saw new requirements come into force under MiFID II for banks and investment…
SFDR Ready to Take the Fizz Out of New Year For ESG Compliance Teams
New Year celebrations are unlikely to last long for Europe’s fund and asset managers; at the stroke of midnight when party poppers are pulled and prosecco corks are popped, regulations that force funds to disclose the ESG performance of their investments will suddenly become tougher. The European Union’s Sustainable Finance Disclosure Regulation (SFDR) will step…
RegTech Can Help Solve ESG Data Management and Trust Challenges
As demand for data grows with the acceptance of ESG as a critical part of financial institutions’ business and regulatory activities, focus will intensify on the quality of that information. Asset managers and owners will want the cleanest, most relevant and most comprehensive datasets to identify investment opportunities and risks and to comply with the…
CSRD Approval Seen as Major Step in Closing ESG Data Holes
The European Union’s approval of its Corporate Sustainability Reporting Directive (CSRD) this week has given the greenlight to a regulation that’s expected to provide financial institutions with more comprehensive ESG data and go some way to eradicating greenwashing. The long-awaited rules will bring non-financial companies into the EU’s sustainability reporting regime, forcing them to submit…
HK Companies Urged to Prepare for TCFD, ISSB Reporting Rules
Listed companies in Hong Kong should start planning and installing the technology and data provisions to meet more stringent disclosure rules, the city’s Stock Exchange has said. The HKSE is in the process of formulating reporting rules in line with the Taskforce on Climate-related Financial Disclosures (TCFD) and International Sustainability Standards Board (ISSB) frameworks.