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Only half of banks worldwide will be ready for regulatory sustainability reporting in the next six months

Avanade, a leading Microsoft solutions provider, and Efma, a global, non-profit organization created by leading banks and insurers has written their latest report – stating that many banks are well short to meet their environmental, social and governance (ESG) goals. Depicting how banks and financial institutions are currently claiming they are under increasing regulatory pressure to

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ESMA prioritises the fight against greenwashing in its new sustainable Finance roadmap

The Sustainable Finance Roadmap 2022-2024 (Roadmap) has been published by the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator. The ESMA points out three priorities for its sustainable finance work: Building National Competent Authorities’ (NCAs) and ESMA’s capacities in the sustainable finance field; Tackling greenwashing and promoting transparency; and Monitoring, assessing and analysing

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EBA publishes binding standards on Pillar 3 disclosures on ESG risks

The final draft implementing technical standards (ITS) on Pillar 3 disclosures on Environmental, Social and Governance (ESG) risks has been published by the European Banking Authority (EBA). The final draft ITS has shown comparable disclosures concerning how climate change may aggravate other risks within institutions’ balance sheets, how institutions are mitigating those risks, and their

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8 innovations in advanced manufacturing that support enhanced ESG reporting

Environmental, Social and Governance (ESG) issues have become even more pressing for executives, boards, and policymakers. These include huge trends worldwide such as climate change, geopolitical shifts, and the continuous emergence of disruptive technologies, as well as the COVID-19 pandemic. Emerging opportunities such as pioneering technologies and solutions in advanced manufacturing are opening up throughout

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Dow Jones Launches Sustainability Data to Optimize Global Environmental, Social and Governance (ESG) Investing

Innovative, news-driven data set offers timely, transparent and tailored insights for asset managers to enhance ESG portfolio strategies The launch of Dow Jones’ sustainability data to help the global financial community understand the performance and impact of a company’s Environmental, Social and Governance (ESG) practices has been announced. The primary suggestion is available for asset

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ISS ESG Launches Automated Portfolio Reporting Solutions for EU Taxonomy, SFDR Compliance

An automated portfolio set up in order to report capabilities to its EU Regulatory Solutions suite has been announced by the Institutional Shareholder Services’ (ISS) responsible investment arm, ISS ESG. The announcement took place on the 1st of September. The objective is to facilitate compliance with the EU Taxonomy reporting obligations and Sustainable Finance Disclosure Requirements

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Survey of sustainability reporting at tech companies

The Survey of Sustainability Reporting at Technology Companies reveals that much progress has been made in sustainability reporting and assurance. The survey offers insights for technology company leaders, boards, and sustainability professionals. Its aim is to support those who have a responsibility for assessing and preparing their own organization’s sustainability reporting. The survey also serves

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Embracing a new operating reality for corporate reporting

In the face of COVID-19, finance leaders find themselves having to strike a difficult balance in delivering corporate reporting. On one hand, they must respond to the pandemic with resilience and transparency; on the other hand, they must also generate long-term, sustainable value for stakeholders that focuses not only on financial outcomes but also on

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Euronext launches new CAC 40® ESG Index to meet financial community’s sustainable investment needs

Euronext on 22 March announced the launch of the CAC 40® ESG index1 (gross return Bloomberg  code: CACESGGR), designed to identify the 40 companies within the CAC® Large 60 Index that demonstrate the best Environmental, Social and Governance (ESG) practices. Responding to the growing demand for sustainable investment tools from investors and from the market, the

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Sustainable Finance Disclosure Regulation (SFDR): What to Expect

As recently confirmed, the EU Sustainable Finance Disclosure Regulation (SFDR), becomes effective on 10 March 2021. The SFDR imposes sustainability-related disclosure requirements on financial services institutions such as banks, insurance companies, pension funds, and investment firms.[1] However, its implications go beyond the financial sector. This summary discusses how the SFDR will impact the real economy. Key takeaways