RegTech Insight ESG The latest content from across the platform
New Law May Have Quietly Improved ESG Data Outlook for UK Investors
A little-noticed insertion into the biggest shakeup of UK financial law in generations is expected to bring greater clarity to the way ESG data will be reported and government’s role in green finance. The Financial Services and Markets Act (2023) – known as the FSMB, its initials when the law was a bill awaiting royal…
ISSB Assumption of TCFD Brings a Global Reporting Code a Huge Step Closer
The set of climate reporting recommendations that are regarded as the go-to guideline for national regulators, companies and financial institutions alike has become the latest major piece added to an emerging global sustainability disclosure framework. From next year, companies that align with the Taskforce for Climate-related Financial Disclosures (TCFD) will be monitored by, and required…
ISSB Rules Hailed for Bringing Data Clarity, Comparability
The first fruits of the International Sustainability Standards Board’s (ISSB’s) 18 months of work hammering out a set reporting rules that could be applied globally has been welcomed by participants in the financial data and technology industries. The body’s first two sets of disclosure standards, described as “ground-breaking” by the board’s chair Emmanuel Faber, have…
GLEIF Signals Intent to Join Global Project Designed to Digitise ESG Credentials of MSMEs
The Global Legal Entity Identifier Foundation (GLEIF), United Nations Development Programme (UNDP), and Monetary Authority of Singapore (MAS) have signed a statement of intent to embark on a collaborative initiative to develop digital Environmental, Social and Governance (ESG) credentials for micro, small and medium-sized enterprises (MSMEs) worldwide. The initiative, Project Savannah, hopes to lower the…
Debut ISSB Standards May Usher New Era of More, Better ESG Data
Next week, the International Sustainability Standards Board (ISSB) is due to release the first of its proposals for non-financial disclosures, an event that could usher a new era for ESG data and reporting. The ISSB’s creation by the IFRS Foundation at COP26 in Glasgow, Scotland, two years ago offered the promise of a global framework…
ESG Standards and Taxonomies Remain in Flux, But Order is on the Horizon
The ways in which financial institutions receive the data they need to fulfil their ESG targets is determined largely by the regulations that cover its disclosure and dissemination. This year will be an important one in this respect; changes to existing regulations, and the taxonomies on which they are based, are due to be introduced,…
Recorded Webinar: ESG standards and taxonomies – A progress report
The development of ESG reporting and disclosure standards and taxonomies has progressed rapidly over the past few years, yet there is still no certainty on whether there will ever be measures that can be applied on a global basis. The EU leads the way in terms of ESG investment and regulation, ahead of Asia-Pacific and…
Banks are Tackling Unique Challenges with ESG Data, Says CGI
Non-retail banks are wrestling with unique data requirements and challenges as they strive to build their ESG capabilities. A combination of factors including weak reporting standards and legacy technology is slowing wholesale lenders’ efforts to gather and use data needed to green their loan books and operations, according to IT and business consulting giant CGI….
Asset Owners’ Group Extends Access to SDG Assessment Tool
As asset owners take more control of their investments, doing the kind of due diligence and research usually associated with asset managers, one group of participants is providing fellow institutions with a novel way to meet their ESG mandates and obligations. Amsterdam-based Sustainable Development Investments Asset Owner Platform (SDI AOP) has partnered with global index…
Sustainable Fitch Launches Regulations Tracker
Clients of Sustainable Fitch can now access its ESG Regulations and Reporting Standards Tracker, which seeks to bring transparency to changes in the global sustainability disclosures space. The service is offered with Fitch Group, which provides the data backbone of the tracker, enabling companies to stay up to date with changes to compliance obligations.