RegTech Insight ESG The latest content from across the platform
Lenders Divided on Addressing ESG Integration: Survey
Banks worldwide are split on how they manage ESG and climate risks, according to a new report by consultancy Bain and Company. The study of 55 International Association of Credit Portfolio Managers (IACPM) members with total assets of more than US$40 trillion found that 65 per cent them hadn’t created a primary role that is…
Threadneedle Street Points to Importance of Scenario Analysis
Sarah Breeden, the Bank of England’s executive director for sustainability, last week called on all stakeholders to redouble efforts to curtail global warming, singling out the banking and insurance sectors as key pillars of change. In her grim assessment of the lack of progress in the achieving global climate targets so far, she outlined four…
ESG Handbook 2023
The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK…
ISSB Calls for Feedback on Future Priorities
The International Sustainable Standards Board is asking the financial industry what its priorities for the next two years should be. The umbrella body for ESG disclosure standards organisations said it the four options were to focus on biodiversity, ecosystems and ecosystem services; human capital; human rights; and, integration in reporting.
Scope 3 Data Remains Weak Spot for ESG Disclosure
International Earth Day, which will be marked on Saturday, comes around as the ESG disclosure space becomes increasingly preoccupied with solving one of its thorniest problems: gathering quality Scope 3 emissions data. The subject has gathered pace as regulators around the world, and in particular the US’ Securities and Exchange Commission (SEC), grapple with ways…
Bloomberg Updates Tool to Navigate SFDR Moving Target
The perils of building tools to help investors navigate fast-changing regulations were highlighted last week as Bloomberg unveiled enhancements to its product for assessing companies in accordance with the European Union’s Sustainable Finance Disclosure Regulation (SFDR). No sooner had the updated data-packed technology been made available to the company’s clients than the EU’s leadership body, the European…
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.
BSI Examining Better Use of Data to Improve Firms’ ESG Performance
The drafters of a new standard to help financial companies manage their sustainability obligations and targets is also working with academics to identify how data can be better used to improve ESG performances. The British Standards Institution (BSI) has enlisted the help of universities, including Oxford, in its IMPACT programme to work out ways that…
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…