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FinTech Veterans Create Data, Technology and Services ‘Ecosystem’ to Solve Regulatory Challenges
The battery of ESG and financial regulations introduced in the past few years – and the future rules already in an advanced state of preparation – are weighing on institutions as the threat of censure for breaches increases. But a team of FinTech specialists has come up with a novel approach to helping all parties,…
Financial Institutions Slow to Disclose Nature-Related Metrics: CDP
A prominent sustainability disclosures body has said data availability and accuracy are contributory factors in financial institutions’ slow reaction to addressing biodiversity loss linked to their investments. Only one in 10 banks, asset owners, asset managers and insurers disclosing metrics on their portfolios’ impacts forests and water security, the CDP said in its latest examination…
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….
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…
ISS ESG to Update Cyber Risk Score Model
ISS ESG is to tweak the model behind its recently launched Cyber Risk Score to make it easier to identify “good” and “bad” scores. “The ability for this model to differentiate ‘goods’ from ‘bads’ by discerning forward-looking risk, is a key differentiator in the market,” the company said. The new version, 5.0, also updates its…
TNFD Signals Launch of Free Nature-based Data Repository
Investors could soon have access to two free, centralised repositories of sustainability data following the announcement by a leading biodiversity standards setter that it is mulling the creation of a publicly accessible knowledge store. The plan was announced as heads of state, bankers and environmentalists gathered in Paris to discuss ways of making the global…
Finastra, Green RWA Launch Free-to-Use Climate Risk Tool in Development Sandbox
Finastra has lent its FinTech expertise and capabilities to an initiative that’s building a model to help banks boost their resilience to climate risks. The London-based company has devised an interface that enables financial institutions, regulators and the public to access the Climate-Extended Risk Model (CERM) risk framework. Users, by their participation, also contribute ideas…
Sphera Launches Cloud-Based AI Climate Risk Tool
Investor clients of ESG risk management software provider Sphera can access the company’s new SpheraCloud Corporate Sustainability-Portfolio Management service. The product offers financed emissions and portfolio emissions data, using AI.
ESG Risk Tool to be Reviewed by ISS ESG
ISS ESG is to adjust the methodology and data underlying its Environmental & Social Disclosure QualityScore product. The environmental and social risk assessment tool will undergo changes by the third quarter in response to changed disclosure standards. The Maryland-based sustainable investment arm of Institutional Shareholder Services said more than 150 factors underlying the score would…
Data Innovator Tanya Seajay Takes Engaging Next Step in ESG Evolution
After almost a decade at the helm of one of the ESG space’s most innovative data companies, Tanya Seajay took a wellness break. With her departure from Orenda, the alternative data company she founded and built into a ground-breaking vendor of ESG sentiment data, she wanted time to think over her next move. “I just…