RegTech Insight ESG The latest content from across the platform
Data Benefit of CSDDD at Risk as FIs Seek Exclusion, Experts Warn
The anticipated exclusion of financial companies from the EU’s sustainability due diligence law has stung ESG professionals, with some arguing that an opportunity to improve data quality would be missed. The EU’s executive body, the European Commission (EC), is reportedly ready to cede to requests from parts of the financial sector to be left out…
Novata Expands, Streamlines SFDR Reporting Platform
Novata, an ESG data provider to private markets and investors, has enriched and simplified its Sustainable Finance Disclosure Regulation (SFDR) compliance tools. The New York-based company said it has made it easier for clients to integrate their SFDR-aligned data with its platform and has created in-platform tools for reporting on the regulation’s Principle Adverse Indicator…
Sustainability Reporting Rises Among Russell 1000, S&P 500 Companies
A survey has found a surge in sustainability reporting by large-cap S&P 500 firms and mid-cap Russell 1000 companies. The survey carried out for corporate sustainability researcher Governance & Accountability Institute (G&A) found that 98 per cent of firms on the S&P 500 – which represent the largest companies on the Russell 1000 – published…
UK Seen Timing Ratings Regulation With EU Decision
The UK is expected to announce a new regime for overseeing ESG rating providers, a move that comes hard on the heels of a report indicating continued frustration with the metrics among investors. Ministers are expected to unveil their proposals early in 2024, following industry consultations earlier this year and months after the nation’s regulator said it…
GRI and IFRS to Launch ESG Reporting Research Lab
Sustainability reporting standards organisation GRI is to launch a research framework with the IFRS Foundation in which companies can discuss and collaborate on meeting their ESG disclosure obligations. The Sustainability Innovation Lab (SIL) will be based in Singapore in the heart of Asia where 81 per cent of reporting companies do so in alignment with…
Apex Group to Help Private Markets With MJ Hudson ESG Purchase
Apex Group will harness the ESG data and advisory firepower of its recent acquisition to capitalise on an expected surge in reported sustainability data in its services to private markets, which account for at least a third of financial institutions’ investments. The investor services company’s purchase of MJ Hudson’s ESG software and advisory team boosts…
Investor Concern as Companies Found to be Ill-Prepared for ESG Data Assurance
Many companies lack the policies, skills and systems to ensure the ESG data they pass to investors and regulators is accurate and clean, according to a new survey. Just one in four companies questioned by KPMG in its inaugural ESG Assurance Maturity Index said they were confident they could provide assurance on their data, a…
Majority of Asset Managers and Owners Follow TCFD Guides: Report
Most asset managers and owners are reporting their climate performance data in line with the disclosure framework that’s thought most likely to be adopted as a global standard. The latest annual survey by the Taskforce for Climate-related Financial Disclosures (TCFD) found that 70 per cent of managers and 84 per cent of asset owners reported…
Webinar Review: How to Develop a Reporting Framework for ESG Disclosure Regulation
Financial institutions have been handed a golden opportunity to grow their business and add value for their customers from an unlikely source – ESG regulators. While banks and investors are under pressure to comply with a slew of new sustainability rules, the process is providing them with a treasure trove of data that can be…
Recorded Webinar: How to develop a reporting framework for ESG disclosure regulation
ESG reporting is a challenge and additional burden for many financial institutions as regulations continue to evolve, ESG data management is complex, and global standards remain elusive. Helpful solutions include reporting frameworks that support the collection, understanding, and management of ESG data for disclosure. This webinar will provide practical guidance on how to build a…