Share page with AddThis


BlackRock taps ClarityAI for SFDR reporting

Sustainable investmentsSustainability tech vendor ClarityAI has announced that its sustainability data will be used by BlackRock in preparation for its reporting under the EU’s Sustainable Finance Disclosure Regulation (SFDR) framework.

The data will be used to complete the principal adverse impact statements that are required under level 2 of the SFDR and are set to be introduced in January 2023.

The SFDR has provoked ongoing debate from the funds industry since the introduction of level 1 requirements in March 2021. Some have argued that the regulation is in danger of becoming a labelling regime, while others have argued that the disclosures are too complex for investrors to understand.

There is, however, a broad consensus about the steep data management challenge involved. 

The Clarity AI service will be made available not just to BlackRock but to the users of its Aladdin portfolio management platform.

Stéphane Lapiquonne, managing director at BlackRock and head of sustainability for Europe, Middle East and Africa described the arrangement as an “exciting step forward for BlackRock” that will provide “the ability to offer Aladdin users enterprise level reporting to SFDR”.

© 2022 fundsTech

Most read features

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Tokenisation: The incredible potential of tokenisation

Tokenisation offers a new generation of investors access to a wide range of asset classes. But a lack of analysts is one reason why the market may not be ready for the possibilities, finds Nicholas Pratt.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Cryptocurrencies: Crypto funds face long wait for regulatory approval

While crypto currencies forge onwards, access for investors who prefer to invest through regulated vehicles remains muted. A wait-and-see stance by regulators lies at the centre of this, finds Nicholas Pratt.

Managing the impact of ESG reporting

A rise in ESG reporting requirements is impacting asset managers in every conceivable way. The solution, discovers Nicholas Pratt, is to use all of this newly found data to form a closer relationship with the next generation of investors.

Sponsored Profiles

The importance of trust when building successful client-vendor teams

Petra Roche and Anna Kanior-FlorekFundTech speaks to Metrosoft’s Petra Roche and Anna Kanior-Florek about cross-organisational relationships and why mutual trust...

The digitally connected Global Transfer Agent

Anand Ramachandran, Vice President, Global Head of Solutions, Richard Clarkson, Head of Solutions, Funds and Swapnil Joshi, Senior Strategy Manager from Oracle Financial Services Global...

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...