The provision of ESG-related reporting and investing services shows no sign of decelerating with two more fintechs announcing new products.
Broadridge has unveiled an ESG reporting service for European funds.
The product is designed to help managers meet the requirements of the EU’s Sustainable Finance Disclosure (SFDR) requirement which was introduced last year and will present firms with their first compliance deadline later this year.
The Broadridge service will enable firms to complete their SFDR reporting via the European ESG Template, or EET.
Meanwhile fintech Temenos has launched its own ESG product, which it describes as an ESG investing-as-a-service platform.
It is designed to allow firms to design ESG-compliant investment products.
According to Alois Pirker, director, wealth management practice, Aite-Novarica Group, the demand among wealth managers for reliable and transparent ESG data has never been higher with ESG investing set to increase by 7% per annum for the next three years.
”Therefore, we safely expect heightened efforts for more data standardisation, greater demand for insightful ESG data from reliable data sources, and deeper impact reporting platforms,” said Parker.
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