RegTech Insight ESG The latest content from across the platform
GRI CEO Sees Innovation Lab Easing ESG Data Pain Points
If Global Reporting Initiative (GRI) chief executive Eelco van der Enden had any doubts that a Sustainability Innovation Lab (SIL) it recently co-founded in Singapore would attract interest, he only had to wait a few moments into its launch to find out. No sooner had a chat bot been activated for interested parties to inquire…
Change and Consolidation: The Coming Year in ESG
Last year saw some potentially game-changing developments in the ESG data and technology space, especially with regards reporting standards and regulations. It was also the year that ESG became a political football, prompting some investors to review their commitment to sustainability. In many ways, ESG came of age in 2023. The concentration of responsibilities within…
2023 in Review: Nature Finds a Way
The publication of the Taskforce for Nature-related Financial Disclosures’ (TNFD) reporting framework in September cemented biodiversity as a sustainability cause just as important as climate change. In a 152-page document detailing its recommended approach to disclosing the impact on nature of financial institutions’ activities, the TNFD codified a way to channel capital into reviving lost…
Ground-Breaking Standard Setter TCFD Given Warm Send-off
The king is dead; long live the king. At the end of this year the Taskforce for Climate-related Financial Disclosures (TCFD) will cease to exist but its operations will be continued by the International Sustainability Standards Board (ISSB). The standard setter’s dissolution eight years after its creation has prompted a wave of reflection within the…
Confluence Partners Manaos to Provide SFDR Reporting Solution
Confluence Technologies, a solutions provider helping investment managers solve complex data challenges, has partnered Manaos, the investment data management platform designed and incubated by the securities services business of BNP Paribas, to provide a reporting solution for Sustainable Finance Disclosures Regulation (SFDR). The partnership allows Confluence to provide an end-to-end SFDR solution to asset managers…
UK’s SDR Puts Data and Governance at Heart of Compliance
Asset managers and manufacturers of financial products sold in the UK have been told they must have adequate data, governance and technology in place to comply with the national regulator’s sustainable disclosure recommendations (SDRs), published this week. The requirement from Financial Conduct Authority (FCA) puts data, metrics and ratings at the centre of the highly…
FCA Criticism of Funds’ SDR Approach Stirs Controversy
The UK regulator has criticised fund managers for failing to abide by interim guidance on ESG disclosures just days before it’s expected to announce details of a formal regulation. But the comments have been met with frustration and caution within the ESG data and technology community, with one practitioner arguing that the Financial Conduct Authority…
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…