RegTech Insight ESG The latest content from across the platform
GRI Revises Universal Standards and Restructures Governance
Global Reporting Initiative (GRI) has revised its universal standards to help subscribers better report on their ESG impacts. The revisions, the “most significant” update since 2016, incorporate human rights disclosures and have been carried out to enable firms to better respond to new regulations, particularly SFDR. The Netherlands-based sustainability standards setting organisation has also reshaped…
Why Both Asset and Investment Managers Need to Think Outside the Box on ESG Regulations
By Janine Hofer-Wittwer, CFA, Senior Product Manager, Financial Information at SIX. A landmark report from the UN’s Intergovernmental Panel on Climate Change has shocked nations on a global scale. The findings suggest that the world is likely to reach 1.5C of warming before 2040 as a direct result of human activity, calling the entire world…
SFDR Compliance to Remain a Struggle for Many Companies
The European Union’s Sustainable Finance Disclosure Regulation (SFDR) is still posing challenges for companies six months after its partial introduction. And with its next stage of implementation just a couple of months away for some companies, full compliance is likely to be difficult to achieve, according to a panel of ESG professionals on a recent…
UK May Place Data Vendors Under FCA Watch
The UK is considering placing ESG data vendors under the regulation of its financial watchdog in a bid to eliminate greenwashing and to make impact investing more transparent. The government said the Financial Conduct Authority may be asked to bring the companies under its purview because it was important to ensure the integrity of a…
New TCFD Reporting Guideline Updates Welcomed
The first update to the Task Force on Climate-related Financial Disclosures’ (TCFD) guidelines since their drafting in 2017 has been welcomed across the ESG ecosystem as an important step in bringing clarity and rigour to corporate disclosures. The new measures were published with the TCFD’s latest annual status report, which showed that the number of…
Sponsored Blog: The Libor Transition: Time for Urgent Action
By Jacob Rank-Broadley, Head of LIBOR Transition, B&I, Refinitiv. Refinitiv’s latest special report takes an in-depth look at the many remaining challenges that surround the imminent cessation of Libor, as well as the potential of data-driven solutions to enable a smooth transition. A landmark transition From the end of 2021, the FCA will no longer…
Recorded Webinar: Meeting the requirements of the EU’s ESG Disclosure Regulation
The EU Sustainable Finance Disclosure Regulation (SFDR) is central to the European drive towards a sustainable financial market. As such, it is complicated and multi-faceted, and makes rigorous demands on financial firms to source large volumes of ESG data and meet numerous reporting obligations. Key elements of disclosure include sustainability risk, principle adverse impacts, and…
Vendor Strategy: Element 22 Joins the Fast Track Straight Out of the Blocks
Element 22’s ESG data product is among the newest in the industry. Launched in March, ESGi provides buy-side firms with a unique means of connecting directly with corporates to gain insights into their ESG credentials. It didn’t take long for this innovative approach to data gathering to attract high-profile attention. Within just a few months…
Deutsche Bank Indonesia Teams with Xceptor to Automate Tax Processes for Post-Trade Settlement
Deutsche Bank Corporate Bank has adopted an automated workflow platform for the administration of capital gains withholding tax during the post-trade settlement process in Indonesia. The platform, based on the Xceptor Tax Solution, is aimed at streamlining manual processes and reducing the time to calculate withholding tax amounts down to seconds. Deutsche Bank will also…
Countdown to Operational Resilience Deadline Adds Pressure to UK Firms
UK financial services institutions and firms now have less than six months to identify their ‘important business services’, set impact tolerances and carry out mapping and testing ahead of the new UK Regulatory Operational Resilience Requirements coming into force on March 31, 2022. The new requirements are being ushered in by the Bank of England,…