Tag: Environment
Are firms prepared for greater ESG regulatory requirements?
It is now rare for a week to pass without at least one regulator issuing new guidance or updates related to environmental, social, and governance (ESG).
What do financial services companies need to know about carbon accounting?
Carbon accounting is a method of calculating the amount of greenhouse gases (GHGs) an organisation emits, whether it is directly or indirectly. Through this, companies are better placed to understand the climate impact and establish goals on how they can reduce it. As the number of ESG regulations continues to increase, carbon accounting could become an increasingly vital part of meeting compliance.
Is the ESG FinTech sector growing fast enough?
While environmental, social, and governance (ESG) have quickly become important factors in discussions about innovation, is the sector growing quickly enough in the FinTech world?
Key pitfalls firms should avoid when implementing CSRD
The Corporate Sustainability Reporting Directive (CSRD) was introduced in Europe at the beginning of the year. It replaced the Non-Financial Reporting Directive (NFRD) and bolstered the scope of reporting, with the aim of enhancing transparency and comparability of ESG data across the EU so stakeholders can easily evaluate the sustainability performance of companies.
How to identify the best ESRS solution for you
The European Sustainability Reporting Standards (ESRS), which came into effect at the start of the year, brings significant changes to Environment, Social and Governance (ESG) related reports. The regulation brings new reporting requirements that can easily become complex if not using the right tools. The question is, what are the hallmarks of a good ESRS tool?
The Anti-ESG lobby: A speed bump on the road to sustainable...
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.
Is there enough ESG transparency and accountability within finance?
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 progress is being made.
A glimpse into tomorrow: ESG trends that will shape 2024
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.
Is there a need for more regulation within ESG?
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 the top of the priority list for many, but there are several others on the horizon.
How did ESG fare in 2023 and what is in store...
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.