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
FinTech Global discussed with Alexander Stevens, CEO of Greenomy, a developer of ESG and sustainability reporting software, the major ESG trends of 2023 and his predictions for 2024. One of the biggest trends of 2023 was the standardization of ESG reporting, supported by the adoption of the Corporate Sustainability Reporting Directive (CSRD) and the IFRS Sustainability...Read More
The urgent need for sustainability is evident, with a staggering 69% of global consumers opting for eco-friendly products and services, as per IPSOS. Amidst this environmental awakening, the FinTech sector, while championing sustainable innovations, must also introspect and mitigate its own carbon emissions. FinTech firms are at the forefront of driving net-zero goals, but this...Read More
The implementation deadline of European Sustainability Reporting Standards (ESRS) is just around the corner, but are firms ready? The regulation is part of the European Corporate Sustainability Reporting Directive (CSRD), which aims to introduce new reporting requirements for large companies and listed SMEs operating within the EU. ESRS will expand the current scope of sustainability...Read More
As the Corporate Sustainability Reporting Directive (CSRD) and EU Taxonomy gain momentum, companies are prioritising their ESG reporting strategy. Central to this strategy is the creation of a robust, cross-functional ESG reporting team, essential for seamless compliance and leveraging the report as a strategic tool for enhancing overall sustainability. Regardless of the size of your...Read More
The upcoming COP28, set to take place in Dubai from November 30 to December 12, is poised to be a crucial event in the fight against the escalating climate crisis. At the heart of this year’s conference is the critical role of technology in reducing emissions – a theme that underscores the urgency and significance...Read More
As the spotlight on Environmental, Social, and Governance (ESG) issues intensifies, insurance companies are faced with the complex task of aligning their strategies with the broader ESG landscape. As new research from Solera surfaces suggesting that customers are increasingly seeking proof of ESG commitment, FinTech Global examines how these ESG considerations are affecting insurers. ESG considerations have...Read More
ESG proxy voting is rapidly emerging as a tool that shareholders are using to find a balance between profit maximisation and social impact. With environmental, social and governance (ESG) concerns in the limelight, the traditional boardroom proxy vote, once a mere formality, is now a powerful instrument for change. Diligent recently explored how ESG proxy voting is changing...Read More
A survey released by KPMG has shed light on the preparedness of companies to obtain independent assurance for their reported ESG information. The study, which encompassed senior executives and board members from 750 diverse companies, averaged a revenue of $15.6bn and inaugurated the ESG Assurance Maturity Index, identifies significant lags in corporations’ ESG policies, skills, systems, and...Read More