A-Team Insight Regulatory Reporting The latest content from across the platform
Most Companies Unprepared for SR Disclosure Assurance
A large majority of companies are unprepared to fully comply with the European Union’s Corporate Sustainability Reporting Directive (CSRD) and other imminent sustainability reporting regulations, according to a new survey. KPMG found that 75 per cent of 750 companies surveyed in its “Road to Readiness: KPMG ESG Assurance Maturity Index 2023” didn’t have the skills,…
Webinar Preview: How to Develop a Reporting Framework for ESG Disclosure Regulation
The surge of new regulations covering the disclosure of ESG data has been accompanied by deepening confusion over how financial institutions and corporates should prepare for an evolving regulatory landscape. As these are new requirements, organisations are having to interpret for themselves how they can comply. There is a risk of misinterpretation and the potential…
The Evolution of Enterprise Data for ESG
Until recently, ESG data was regarded as a peripheral concern among data managers. Today, it is a vital part of an institution’s operations, needed by front- and back-office teams, putting huge new responsibilities on chief data and sustainability officers. Incorporating this new generation of data into institutions’ infrastructures, however, has been a challenge. Many on-prem…
HKEX Plans to Widen Climate Disclosure Rules
Hong Kong’s financial regulator has said it will increase requirements for companies to disclose climate-related data as it seeks to better enable investors to direct capital to ESG-linked assets and companies. Hong Kong Exchanges and Clearing (HKEX) chair Laura Cha Shih May-lung said the plans would be introduced in pursuit of helping China reach its…
Webinar Preview: Empowering Asset Managers and Owners with ESG Solutions for Net Zero Transformation
Decarbonising the atmosphere is the defining goal of the environmental movement, and one that financial institutions are playing a vital role in achieving. They are working towards meeting targets set over the next 25-40 years of reaching a state in which the net amount of carbon released into the atmosphere by economic activity is zero….
Sumitomo Mitsui Trust Asset Management Selects Bloomberg Data Solution for SFDR Compliance
Sumitomo Mitsui Trust Asset Management has adopted Bloomberg’s data solution dedicated to helping firms meet the European Union’s Sustainable Finance Disclosure Regulation (SFDR). The asset manager is one of the largest in Japan and Asia, a signatory of both Japan’s Stewardship Code and Principles for Responsible Investment, and is actively pursuing initiatives to address ESG…
Could do Better: Banks Still Unprepared for ESG Regulations, Says Fenergo
Banks still have a lot of work to do if they are to bring their data and technology systems in line with their reporting obligations under established and looming sustainability regulations, according to a leading provider of compliance solutions. While European lenders are in a stronger position than their overseas counterparts, they are still struggling…
Trade Finance Innovation Opens Window for Supply Chain ESG Data
Capturing supply-chain sustainability data is elusively difficult but nevertheless is necessary to manage and mitigate ESG risk and also required as new regulations oblige companies – and their investors – to declare the impact their logistics services are having on the environment. The challenge has its root in the huge multitude of companies that comprise even a single supply chain. Mostly…
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…