Time is ticking for companies to align with the Corporate Sustainability Reporting Directive (CSRD). Starting back in January 2023, the regulations will revolutionise how businesses report on sustainability, weaving it into the very core of corporate reporting. According to Greenomy, With deadlines for large EU companies looming in 2025 and obligations extending to SMEs by 2027,...Read More
In the realm of financial and environmental sustainability, conducting a double materiality assessment (DMA) is a crucial initial step for businesses. According to Position Green, this process not only illuminates the material sustainability issues from both a financial and impact standpoint but also lays a foundational stone for the subsequent journey towards CSRD compliance. The insights...Read More
In the ever-evolving realm of corporate sustainability, European entities are presently grappling with the intricacies of the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). This legislative framework mandates EU-based companies to meticulously adhere to the guidelines set forth by the European Financial Reporting Advisory Group (EFRAG), a task that demands comprehensive...Read More
FinTech Global recently explored whether there is enough accountability and transparency related to ESG. One of the common themes was the need for standardisation within how firms handle ESG processes. However, it is hard to have a level of standardisation when opinions do not always match on the importance of ESG or countries shift their priorities....Read More
The past few years have seen a lot of progress towards Environment, Social and Governance (ESG) practices. Countless banks and financial services have proudly highlighted their efforts in the space and outlined how they are trying to achieve greater sustainability. However, questions remain about whether there is enough transparency and accountability to ensure that real...Read More
Financial services have needed to put an increased focus on environmental, social, and corporate governance (ESG) over recent years and 2024 looks set to only add to this. As firms look to meet rising regulations, how important is data collection. In just the first two months of the year, multiple countries around the world have...Read More
As we enter the first month of 2024, FinTech Global spoke to Hari Menon, Partner, SVP and ESG Product Head at AI-powered wealth management solution IntellectAI, about the major ESG trends of 2023 and his predictions for 2024. Hari pointed to two major trends within ESG during 2023. The first of these was the rapid adoption...Read More
Environmental, social and governance (ESG) sits near the top of priority lists for many consumers, governments and businesses. As the world tries to encourage a more sustainable and fairer environment for everyone to benefit from, ESG factors have become crucial. ESG investing is starting to become a common sight in the world of wealth management,...Read More
The UK is gearing up to introduce the Sustainability Disclosure Requirements (SDR) in 2024, marking a significant shift in the Environmental, Social, and Governance (ESG) regulatory landscape. This pioneering legislation is set to standardise how asset owners and managers communicate and market their sustainable investment products. Through a mix of anti-greenwashing rules, investment labelling, and...Read More
Environmental, Social, and Governance (ESG) has become an important topic across business. It has become an increased priority, not only to meet customer demands, but also an increasingly complex regulatory environment. Regulators around the world are expanding the legal frameworks around ESG. The EU’s European Sustainability Reporting Standards (ESRS) is probably the ESG regulation at...Read More
