ISS ESG, a leader in sustainable investment solution, has launched a pioneering new product, the Industry Average Emission Intensity Data Set.
According to ESG Today, this addition is part of the evolving Climate Solutions suite, designed to support banks and insurance companies in adhering to rigorous new climate reporting standards, such as the EU’s Corporate Sustainability Reporting Directive (CSRD) and European Banking Authority (EBA) Pillar 3 ESG Disclosures.
The new product emerges in response to the pressing need for robust, accessible tools that can estimate emissions across portfolios, particularly where data is traditionally scarce. This is increasingly crucial as institutions face stringent compliance requirements under evolving EU regulations.
Operating as the sustainable investment arm of ISS STOXX, ISS ESG is renowned for its comprehensive data and innovative solutions aimed at enhancing sustainable investment practices globally.
The newly launched data set is specifically designed to enable users to estimate emissions for non-listed companies, small and medium enterprises, and alternative investments. This tool utilises industry emission intensity averages that align with PCAF recommendations and incorporates both NACE and GICS industry classifications, making it a critical resource for banks working to comply with EBA Pillar 3 reporting requirements.
Further enhancing its Climate Solutions, ISS ESG plans to introduce more updates to assist financial institutions with both mandatory and voluntary climate-related disclosure requirements. This includes the expansion of the Scenario Alignment issuer-level data set, which now offers key portfolio-level alignment metrics for up to 22 scenarios provided by leading models such as IEA, NGFS, and UNEP OECM.
ISS ESG head of ESG business, Till Jung said, “Banks continue to face tight implementation deadlines, in tandem with data scarcity, among other challenges, to meet the regulatory requirements set out by the EBA standard. ISS ESG has applied its wealth of experience in measuring physical and transition-related climate risks, regulatory alignment, and much more, to develop a broad and deep dataset, to help streamline banks’ EBA Pillar 3 ESG reporting.”
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