AMINDIS’ Post

The Council and European Parliament has reached a provisional agreement on a proposal for a regulation on environmental, social and governance (#ESG) rating activities, which aims to boost investor confidence in sustainable products. ESG ratings provide an opinion on a company’s or a financial instrument’s sustainability profile, by assessing its exposure to sustainability #risks and its #impact on society and the environment. Under the new rules, ESG rating providers will need to : 📍be authorised and supervised by the European Securities and Markets Authority (ESMA) , and 📍comply with transparency requirements, in particular with regard to their methodology and sources of information. https://lnkd.in/dZGtKg4K

The final text of the political agreement in the EU for the new regulation of ESG ratings agencies is now published. There has long been demand for ESG ratings agencies to be regulated to ensure standards of good governance; to be transparent with the methodologies they use, so it is possible to understand disparities between different results from providers on the very same companies; and to ensure proper separation between providing ESG ratings and advisory, audit or other business activities, in order to avoid conflicts of interest. The new regulation will make a significant contribution to achieving these objectives. There are two points of wider significance too. First, as someone who has worked to 'cut the clutter' in terms of reforming the landscape on different sustainability reporting from business, proliferation and divergence of ESG ratings has been a serious challenge. This new regulation should be welcomed as a major development towards simplifying and making more coherent the architecture to measure and make transparent corporate sustanability performance. Second, in the entire movement towards creating a sustainable financial system, this is a very important step to strengthen incentives to ensure investment goes towards genuine sustainability objectives. Congratulations to all involved. Thanks NordESG. The full text is at: https://lnkd.in/dEpY3ZyM #ESG #ratings #sustainablefinance

Join our CPD-accredited webinar on September 26, 2024 to get the latest updates on ESG reporting. 🌍 Our experts, Mark Lumsdon-Taylor and Tim Dee-McCullough will cover critical developments in emissions reporting, sustainability requirements, and current ESG financial reporting matters. Don't miss this opportunity to stay ahead in ESG accounting and earn up to 1 hour of verifiable CPD. 🔗 https://lnkd.in/dS6Eex2x #ESG #FinanceDirectors #Sustainability

On 14 May 2024, ESMA published its long-awaited final report on guidelines on funds’ names using ESG or sustainability-related terms. This follows ESMA’s consultation on the guidelines on 18 November 2022 and its public statement providing an update on the guidelines published on 14 December 2023. Read our full article here: https://lnkd.in/erM5sxHH #legaladvice #ESG #sustainablefinance #ESMA

💡 New article by our CEO Achille Deodato, exploring the impact of the European Commission's introduction of the Corporate Sustainability Reporting Directive (#CSRD) on #ESG ratings.   Take the opportunity to dive deeper into the ESG universe with our courses, designed to empower financial institutions with the knowledge and skills to navigate the complex regulatory environment of ESG.   Check out the article here 📑 : https://lnkd.in/dy3dxxSx Enrol in the courses here 👉: https://e-shop.indigita.ch   #Sustainability #Investments #Finance #SustainableFinance

Excited to announce that I've completed the "Introduction to ESG" course offered by Corporate Finance Institute (CFI)! ESG criteria are crucial in today's financial landscape, evaluating companies beyond profits to include environmental impact, societal contributions, and governance practices. The course provided in-depth knowledge on: 🔍 What ESG is and its relevance to making financial decisions. 🌿 Key environmental, social, and governance issues. 🤝 How stakeholders influence corporate ESG performance. 📊 Analyzing ESG risks and opportunities. 🔍 Translating ESG information into business intelligence. Ready to leverage these insights for informed decision-making and sustainable business practices! #ESG #Sustainability #Finance

ESG regulations for financial services... explained in a minute! ⏳ Our ESG expert Maria Patschke breaks it down in just 60 seconds why ESG is such an important topic for financial services institutions, and the main challenges when it comes to ESG reporting. If you'd like to learn more about this topic, we recommend our blog "Turning data into decisions: Leveraging ESG insights for sustainable loans and investments" 👉 https://lnkd.in/ewxjuffp

Is your Fund using (or will your future Fund use) ESG or sustainability-related terms in its name? If yes, then find out how this will impact your fund in the near future by checking out our latest newsflash!

Join the Fitch team in Athens on Sept 4 at 3.30 EEST as they shine a spotlight on ESG within Greek Finance. Find out about - Sustainable Fitch & ESG Rating Insights - ESG Data & Reporting Requirements - Latest Developments in Sustainable Bond Markets Register here: https://ow.ly/SjPK50SAcRZ #Greece #Finance #ESG

The CFA Institute's recent study highlights significant challenges within the EU's current ESG regulatory framework, encompassing the Sustainable Finance Disclosure Regulation (SFDR) and the EU Taxonomy Regulation. The main issues identified include unreliable ESG data, complex rating systems, and varied rule interpretations. The study advocates for clearer and more consistent ESG terminology, enhanced data reliability, and improved categorization of funds under SFDR Articles 8 and 9. “While a broad consensus exists that the EU regime is advancing the international agenda on sustainable finance, a similar proportion feel that EU efforts are confusing, and the lack of reliable ESG data does not make it worth integrating ESG considerations in investment decisions”.