MFEXbyEuroclear to offer new ESG reporting solution in cooperation with Greenomy
New ESG reporting solution
Brussels, 12 May 2022 - Euroclear is pleased to announce that its leading global digital fund distribution platform, MFEXbyEuroclear, will now offer a new ESG reporting solution to asset managers, adhering to the European ESG Template (EET).
The EET provides a standardised template complying with upcoming regulatory requirements from the Regulatory Technical Standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR) Level 1, applied in Europe by January 2023. The EET enables asset managers to gather all reporting on the EU taxonomy, SFDR, MiFID and Insurance Distribution Directive (IDD) requirements.
Greenomy has simplified EET reporting via its seamless and user-friendly portal which will allow fund managers to upload their holdings per investment strategy; create EET reports on an ISIN level; comply with regulatory ESG reporting requirements and enable the dissemination of EETs to stakeholders and investors. Through the partnership between Greenomy and MFEXbyEuroclear, this service will strengthen the data solutions capabilities and value proposition Euroclear group offers to asset managers and funds distributors.
Brigitte Daurelle, CEO MFEX said: "We are extremely pleased to be able to offer this new service to asset managers and support them with their impending ESG reporting requirements. This strategic alignment will also strengthen our EET dissemination offering to funds distributors."
Alexander Stevens, Greenomy CEO added: “This combined offering enables the trusted network of MFEX clients to be compliant with SFDR. The Greenomy infrastructure brings added value to asset managers connecting them with EU Taxonomy data from issuers and producing their regulatory reports and EET in a timely manner. Our mission is to ensure that capital is allocated to truly sustainable investments boosting the real economy and ultimately making it more sustainable."
Euroclear Group is the financial industry’s trusted provider of post trade services. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.
The Euroclear Group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International. The Euroclear Group settled the equivalent of EUR 992 trillion in securities transactions in 2021, representing 295 million domestic and cross-border transactions, and held EUR 37.6 trillion in assets for clients by end 2021.
"We are extremely pleased to be able to offer this new service to asset managers and support them with their impending ESG reporting requirements."
Brigitte Daurelle, Chief Executive Officer, MFEX
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