Regulation – Market participants ‘missing’ relevant and verifiable ESG info

Marion Leslie, head financial information, SIX Group, claims that market participants are “missing” relevant and verifiable ESG information. 

As part of its coverage of Sibos 2022 in Amsterdam, Funds Europe has reached out to financial experts on key topics at the conference. Read more analysis here

Can you highlight a piece of regulation at the European level that is most impactful for asset managers in terms of their technology governance or development?

“It is difficult to make assumptions beyond the Sustainable Finance Disclosure Regulation (SFDR) coming into force January 2023.

“The absence of clear, comparable and consistent data and reporting standards means that investment products need to be in line with the SFDR, while, at the same time, it remains a challenge to define “sustainability risks” in accordance with SFDR and to differentiate between ‘sustainable’, ‘socially conscious’, ‘socially responsible’ or ‘well-governed’.

“The future of finance is based on ‘what happens now and next’ – companies have an obligation to consider material ESG factors, such as climate change risks and impacts, as part of their investment processes. However, market participants are still missing relevant and verifiable ESG information to comply with SFDR requirements and validate the sustainable, long-term value of their investment products.

“Market participants need access to data that is easy to access and integrate into decision-making and that meets regulatory requirements as well as global norms and standards”.

© 2022 funds europe

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