RegTech Insight ESG The latest content from across the platform
Data Poses Challenges for UK Pension Funds’ Climate Compliance
A year after pension funds in the UK were required to begin compiling sustainability reports on their portfolios, a survey has shown that data challenges are making the task difficult. A shortage of emissions data, inconsistencies in reporting and a reliance on estimates are making it almost impossible for funds that hold about £2.2 trillion…
ISSB Nails Down Technicalities of Standards for June Release
The International Sustainability Standards Board (ISSB) has completed the technical drafting of global reporting standards it plans to make effective for signatories in January. The technical details of the framework have been partly based on the European Sustainability Reporting Standards (ESRS). They are due to be announced in June and the first disclosures by companies…
SEC’s Gensler Says Regulator is Considering Climate Proposals
The Securities and Exchange Commission (SEC) in the US is mulling the alteration of some of its climate-reporting proposals, which were announced last year. Chair of the regulator Gary Gensler said about 15,000 comments had been sent from market participants after the proposals were put out for consultation. Gensler said the adjustments were being considered…
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…
Alveo’s Latest ICE Data Integration to Help Banks as Well as Asset Managers
Alveo has expanded its ESG data integration services in one of the first moves by a data management solutions specialist to help its banking and asset management clients meet imminent new European sustainability regulations. The London-headquartered company has integrated Intercontinental Exchange’s (ICE) ESG company data analytics into its data management solution, called Prime. The new integration will enable Alveo customers to access the ESG characteristics…
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…
Vendor Strategy: Datactics Gives Context to ESG Data
One of the chief challenges to successful deployment of ESG data by financial institutions is putting that information into context; it’s almost an unwritten maxim that sustainability data is useless if it can’t be used in conjunction with other data. Often the difficulty is one of matching ESG data and metrics to the entities with…