RegTech Insight ESG The latest content from across the platform
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…
Nasdaq Looks to Long-Term ESG Evolution with Metrio Purchase
Nasdaq has sought to future-proof itself for growth in the sustainability data market with the acquisition of ESG metrics software provider Metrio. The American capital markets services giant purchased the Montreal, Canada-based company earlier this month, and will make the technology available to Nasdaq clients, enabling them to gather, process and publish data on their…
SIX Extends ESG Data Provision Through Partnership with Climate Specialist Urgentem
SIX has extended its provision of ESG data through a partnership with Urgentem, a provider of carbon emissions data and climate risk analytics. The data is available immediately and is expected to help SIX clients meet climate related requirements such as regulatory reporting of emissions data, tracking alignment to climate goals, and stress testing. The…
Future-Proof Your ESG Data Strategy Across the Enterprise
ESG data is now as important to financial institutions as traditional price and reference data. Ensuring that data is accurate and consistent is critical so that can deploy it in their portfolio and risk management strategies as well as regulatory reporting systems. But ESG data is unlike that they would be used to. It’s often…
More Names Added to Bring ISSB Team to 10
Four more members have been added to the International Sustainability Standards Board (ISSB), the IFRS Foundation’s recently created body that’s been tasked with hammering out an international framework for ESG reporting. They are Richard Barker, of the University of Oxford Saïd Business School’s sustainable business initiatives; Verity Chegar of California State Teachers’ Retirement System; Bing…
The Challenges in ESG Reporting Frameworks, According to Experts
Financial institutions face a mountain of challenges in formulating an ESG reporting framework as they strive to put in place processes to meet a growing body of regulatory obligations. A lack of disclosed data from investee companies, the multitude of vendors needed to source enough relevant information, the lack of a standardised global reporting framework…