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Index Firm Solactive to Add New ESG Services Beyond Indexing through Minerva Buy Out
German benchmarking company Solactive has bought a British stewardship solutions provider, enabling it to offer proxy voting and stewardship services to asset managers and owners. Solactive said it bought Minerva Analytics because growth in demand for ESG-related financial services had surged after it acquired a 33 per cent stake in the firm in 2019. While…
S&P and UN Creates Biodiversity Risk Framework for Investors
A nature-related risk assessment methodology has been devised by S&P Global’s Sustainable1 unit and the United Nations’ Environment Programme. The framework, which is aligned with the Taskforce on Nature-related Financial Disclosures, will enable investors and companies to assess the biodiversity risks to which businesses are exposed and the impacts they are having on surrounding flora,…
Solactive Acquires Minerva Analytics
British ESG research, proxy voting and stewardship services provider Minerva Analytics has been bought by indexing firm Solactive. The deal will enable the combined company to offer better ESG indices and benchmarks as well as improved engagement capabilities with portfolio companies, for its 500-plus clients.
IAASB Sets Out Plan for ESG Assurance Standards
The International Auditing and Assurance Standards Board (IAASB) has put to consultation proposals to standardise the verification of sustainability disclosures. The New York-based global overseer of auditing has invited comments to its website by April.
CHOM Capital Rolls up its Sleeves to Get the Data that Ratings Don’t
For managers of large-cap assets, obtaining the right ESG data is difficult. For those, like CHOM CAPITAL, that manage European equities with a particular focus on small caps, the hurdles are even greater. The oft-cited gaps in the data records of managers of blue-chips can be gaping chasms for firms whose portfolios are crammed with…
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…
Thailand Proposes Green Taxonomy to Boost Sustainable Market
Thailand has published proposals for its own green taxonomy to help develop the Southeast Asian nation’s sustainability markets. The draft pilot, put out for consultation late last week, is largely based on the European Union’s taxonomy and will focus first on drawing up parameters for climate change mitigation measures.
Third of Companies Don’t Include Climate Change in Risk Analyses
Almost a third of companies do not take climate change into consideration when analysing risks to their business. An Institute of Management Accountants (IMA) report found that finance departments were among the least likely to regard ESG risks as material. Corporate climate risks and mitigation strategies are metrics that have become increasingly important to investors.
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….
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…