Greenomy, a leading provider of ESG reporting software, has announced a strategic partnership with Swift, the global financial messaging infrastructure provider.
Both companies are coming together to provide corporates across the globe an effortless way to measure, report, and disclose ESG information to the vast Swift Community.
The foundation of this partnership is built on a shared vision. Both Greenomy and Swift are committed to not only facilitating ESG-related regulatory compliance but also propelling the global shift towards a sustainable future. As part of the collaboration, Greenomy’s ESG Data Hub will be integrated into the Swift API Gateway, making it accessible to over 11,500 financial institutions and financial market infrastructures connected to Swift.
Delving into what these companies offer, Greenomy’s ESG SaaS platform stands out as an all-encompassing solution. It assists corporations in gathering, managing, and reporting on ESG in line with the latest European frameworks like the Corporate Sustainability Reporting Directive and the EU Taxonomy Regulation.
Additionally, it aligns with international frameworks such as the ISSB and GRI. The integration with Swift means financial institutions will have access to premium ESG data from thousands of corporations across Europe and beyond. This integration aims to simplify the ESG data management process and ensure seamless regulatory reporting for banks, asset managers, and other market infrastructures.
Furthermore, the collaboration signifies a monumental leap towards reducing the ESG data collection and reporting overheads for the Swift Community. It allows financial institutions to channel their energies more towards launching sustainable finance initiatives alongside their corporate clients. Greenomy’s decision to collaborate with Swift ensures it can utilise Swift’s secure platform, ISO data modelling tools, and API lifecycle support.
Greenomy CEO Alexander Stevens voiced his excitement about the partnership, “We look forward to working with the Swift Community of twelve thousand financial institutions in enabling them to leverage the Greenomy platform not only to source ESG data for regulatory compliance, but also to pave the way for a more sustainable financial ecosystem, as capital will be more efficiently allocated to the sustainability transition projects of their customers.”
He added, “The Swift Community will be able to explore API-to-API integrations allowing end-to-end solutions for ESG data sourcing, reporting and sustainable capital allocation, benefiting their customers and facilitating collaboration across the financial industry towards a common standardised ESG data utility.”
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