A-Team Insight ESG Regulations The latest content from across the platform
MiFID ESG Requirements go Live, Compliance Caution Urged
The ESG reporting requirement under the amended Markets in Financial Instruments Directive (MiFID II) came into effect this week, with warnings from some market participants that the new regulation would add more costs and challenges to compliance teams. Financial infrastructure and data provider SIX, however, said the obligations needn’t overwhelm firms. “Regulatory complacency is unwise…
UK Turns Focus on ESG Data for Pension Funds
Pension fund managers and asset owners in the UK have become the focus of a number of government initiatives to address ESG data challenges facing the industry. The most recent is a taskforce set up by the nation’s Department for Work and Pensions that aims to identify reliable data and metrics on social factors affecting…
Latest MiFID Update Adds to Firms’ ESG Challenges
Manufacturers of financial products are racing to complete their first ESG disclosures under MiFID II. While the amendment to the Markets in Financial Instruments Directive was announced in April last year, the fact that this latest regulation comes into force when the next iteration of Europe’s broader sustainability law is just around the corner has…
SFDR Seen Helping to Fill ESG Data Gaps
The European Union’s wide-ranging ESG regulation has imposed in financial institutions, huge data gathering responsibilities, many of which are a challenge to meet. But the requirements of the Sustainable Finance Disclosure Regulation are expected to actually help solve some of the challenges that currently make compliance difficult. In particular, SFDR is seen as a galvanising…
Recorded Webinar: Approaches to ESG data for the Sustainable Finance Disclosure Regulation (SFDR)
The EU Sustainable Finance Disclosure Regulation (SFDR) outlines extensive rules designed to ensure transparency across sustainable financial markets. It also demands huge volumes of non-financial ESG data to be sourced, managed and governed, some of which is difficult to find, and much of which is unstructured and of variable quality. The data challenge is exacerbated…
Climate Risk Climbs Up Executives Worry List but Data Gaps Remain a Challenge
Financial services firms and corporates are increasingly incorporating climate risk into their risk management frameworks, but a lack of data is hampering the process. A survey by Bloomberg found that almost nine in 10 senior executives polled said they had begun aligning their risk management processes with climate change. Nevertheless, only 5 per cent of the people questioned…
Recorded Webinar: Managing data governance for ESG
Volumes of ESG data continue to rise, standards and metrics are emerging, and financial institutions must manoeuvre through the maze to source, manage and make best use of ESG data to meet increasing client demand for sustainable investment. They must also adhere to emerging regulations, avoid greenwashing, and integrate ESG data – both structured and…
Fenergo Brings KYC Processes to the aid of ESG Reporting
Fenergo has released a software-as-a-service regulatory and risk product designed to bring smaller businesses within the reach of ESG reporting frameworks, potentially closing gaps in supply chain sustainability data. Two years in the making, the Dublin-based company’s latest product will provide its financial clients with the infrastructure to gather and compile sustainability data in a…
ESMA and IIF Focus Their Targets on Frustration Over ESG Ratings and Data
The European financial regulator and an Institute of International Finance (IIF) have called for an urgent rethink of ESG ratings and data, saying that the need for accurate sustainability information is becoming more pressing as climate change accelerates. The European Securities and Markets Authority (ESMA) has weighed in on ratings providers, saying that respondents to…
Broadridge SFDR Solution Takes EET Closer to Universal Use
European ESG Templates (EETs) are fast becoming the go-to means for companies to report their sustainability performances. The digital documents that provide a means for firms to comply with the European Union’s Sustainable Finance Disclosure Regulation (SFDR) form the basis of a growing number of reporting solutions. One of the most recent, by Broadridge Financial…