RegTech Insight ESG The latest content from across the platform
ISSB Seeks Applicants to Fill 11 Seats
The search is on for members to sit on the IFRS Foundation’s recently created International Sustainability Standards Board (ISSB). The Foundation said it is looking for applicants to fill 11 seats on the ISSB, which is chaired by former Danone and Ryanair executive Emmanuel Faber. The board will eventually comprise 14 members including Faber and…
IBM Buys Environmental Performance Monitor Envizi
Envizi has been acquired by IBM, with the tech giant set to incorporate the environmental data and analytics provider’s software into its own suite of artificial intelligence-driven performance tools. Envizi’s solutions enable companies to measure their environmental impact based on 500 data points. New York-based IBM said the tech would build on its own tools…
Qotingo to Incorporate Sustainalytics, ISS, Clarity AI Data
Sustainability data provided by Sustainalytics, ISS and Clarity AI will now be available to clients of risk analytics and indexing platform Qotingo. The three vendors’ feeds will be incorporated in Qotingo’s cloud-hosted Axioma Portfolio Optomizer (APO). Sustainalytics’ data will also be included in the company’s Axioma Portfolio Analytics (APA) for performance attribution and reporting, and…
‘S’ Set to Emerge From E’s Shadow in 2022, But Concerns Remain
Social impact investing is set to emerge as a driving force in sustainable finance this year, with financial institutions expected to consider more than just climate risk in their investment decisions. Data vendors and ratings companies forecast that social factors will become more important in 2022 and that regulators will begin placing more focus on…
EU Asserts ‘Strategic Autonomy’ in Post-Brexit Regulatory Landscape
With Brexit now ‘done’, the EU is taking stock of its regulatory environment as it settles down to life without the UK and its all-important financial capital London. The EU will spend 2022 setting out its regulatory stall as the UK seeks to differentiate itself from its former stablemates. What’s emerging is a multi-pronged regulatory…
The View in 2022 – Another Pivotal Year in ESG
In many ways 2021 was a watershed year for ESG. The European Union’s implementation of Sustainable Finance Disclosure Regulation (SFDR) began in earnest and other regulators around the world – especially in the UK – indicated they may soon follow suit. The COP26 United Nations climate summit later in the year provided a galvanising impetus…
EY Survey Shows Growing Demand for Consistent ESG Reporting Standards
A survey by professional services giant EY Assurance has found that three quarters of financial leaders want to see more consistent ESG reporting standards and that they must be mandatory. A similar proportion of the 1,000 executives interviewed said that ESG was a “significant part of their role” – up from two-thirds in the poll…
Supply Chain ESG Solution Launched by Sustainalytics
Sustainalytics has created Corporate Supply Chain ESG Solutions, a service that will enable clients to gauge the sustainability of companies in their supply chains. The Morningstar unit said the offering would help many industries assess, report and mitigate their ESG risks. The product is delivered through Sustainlytics’ ESG Assessment Platform and draws on the Amsterdam-based…
APAA ESG Risk Guide Stops Short of Mandatory Disclosures
The Australian Prudential Regulatory Authority has become the latest overseer to issue a guidance on banks’ management of climate risks in their portfolios. While its latest guidance offers advice on how institutions should approach the issue, it does not advocate mandatory ESG disclosures. Instead, the regulator said lenders should consider whether other “voluntary disclosures could…
Banks, Institutions Back ESG Book’s Free Data Project
An alliance of global banks, institutions and investors has launched ESG Book, a free source of information that its creators say will make sustainability data a public good. Companies will be able to freely access the data lake to help them report on their own ESG records and financial institutions will be able to use…