Tagged: esg

After Receiving Substantial Criticism For Rushed Rulemaking, SEC Extends Comment Period on Climate Disclosure Rule, ATSs & Definition of an Exchange

Securities and Exchange Commission SEC Washington DC

The Securities and Exchange Commission (SEC) has extended the comment period on proposed ESG rules that may compel public firms to disclose their climate risks and impact on the environment. The SEC has received broad criticism in regards to the rushed nature of the rulemaking… Read More

SEC Climate Risk Disclosure: What are People Saying About Proposed Rules?

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This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More

Securities and Finance Experts Worry that SEC’s ESG Requirements will Drive Shareholder Returns Lower, Push Prices Higher and Have a Negative Impact on Labor

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The Securities and Exchange Commission is currently pursuing new rules under the auspices of ESG: Environmental, Social, and Governance. In March of 2022, SEC Chairman Gary Gensler explained they were aiming to require disclosure for firms on issues such as climate impact. He explained: “The… Read More

SEC Small Business Capital Formation Advisory Committee will Discuss SPACs, Climate Disclosure under ESG Push

Securities and Exchange Commission SEC 3

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to discuss two specific topics: SPACs or Special Purpose Acquisition Companies and Climate Disclosure. The meeting will take place on Friday, May 6, 2022. According to a statement by… Read More

Fintech Personetics Introduces Sustainability Insights, a Solution for Banks to Lower Carbon Footprint

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Personetics, which claims to be the leading provider of financial data-driven personalization, customer engagement, and advanced money management capabilities for financial institutions, recently announced the launch of Sustainability Insights. This offering, included within the Personetics engagement platform, will help banking institutions meet growing customer demand… Read More

Wealth Managers Risk Failing Investors on ESG Suitability Technology: Report

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Technology is too often a “blindfold” when it should be a “microscope,” Oxford Risk has warned. Wealth managers or advisers risk failing investors on suitability “by not using technology appropriately to measure ESG preferences and being caught up in the ‘green rush’,” according to behavioral… Read More

Aon, BNY Mellon Enter Strategic Data And Digital Alliance, Will Focus on ESG Requirements

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Aon plc (NYSE: AON) has announced a “multi-faceted” data and digital collaboration with The Bank of New York Mellon Corporation that will leverage the “power” and “unique” capabilities of both organizations to create various solutions to address evolving client requirements. Together, Aon and BNY Mellon… Read More

Ecolytiq Teams Up with Snowdrop to Increase Consumer Climate Awareness

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A partnership has been formed between Visa Fintech Partner Connect program members ecolytiq and Snowdrop Solutions. This partnership should enable the climate engagement provider ecolytiq with access to Snowdrop’s precise categorization and location of banking transfers, including retailer logos, ESG (Environmental, Social, Governance) ratings, directions… Read More

ADGM Partners with Finastra for International Fintech Hackathon ‘Hack to the Future 4’

Abu Dhabi Global Market ADGM

ADGM will offer participants access to its Digital Lab, which is a “neutral” and “secure” digital environment where Fintech products and services may be tested The Abu Dhabi Global Market (ADGM), an international financial center, has teamed up with financial software firm Finastra for its… Read More

ESG Data Intelligence Company, Deepki, Secures €150M to Support Global Expansion, Help Real Estate Sector Address Climate Change

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Deepki, which claims to be the only company in the world “offering a fully populated ESG data intelligence platform for the real estate sector,” has announced that it secured €150 million in a Series C round. As mentioned in the update shared with Crowdfund Insider,… Read More

2 in 3 Major Institutional Investors More Worried About Extreme Event Disruption: Nuveen

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Around the world, 66% of major institutional investors are more worried now than two years ago about extreme events disrupting their investment strategies—and 64% believe investors need to completely re-think how they approach portfolio construction. Those are among the key findings of Nuveen’s second annual EQuilibrium… Read More

Commissioner Hester Peirce: “Not the Securities and Environment Commission Yet,” as SEC Pushes for Rules Targeting Climate Related Disclosure

Securities and Exchange Commission SEC Stop

Today the Securities and Exchange Commission (SEC) proposed new rules to compel publicly traded firms to disclose climate-related information. The policy shift has long been anticipated and messaged by the Commission under the leadership of Chairman Gary Gensler. According to the SEC, new rules would… Read More

HBAR Foundation Introduces $100M+ Sustainable Impact Fund to Support Sustainability Economy on Hedera

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The HBAR Foundation, an organization supporting development in the Hedera ecosystem by offering grants and resources to developers, announced the introduction of its Sustainable Impact Fund (SIF) to globally “grow the sustainability economy on Hedera.” The Foundation will work with initiatives that support key outcomes… Read More

Japan Exchange Group (JPX) Announces Investment in Digital Asset Markets

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Japan Exchange Group, Inc. (JPX) recently announced that it has “made a minority investment of JPY 360 million in Digital Asset Markets, Inc. as of February 25, 2022.” Through this investment, JPX aims to “strengthen its relationship with Digital Asset Markets, Inc., which enables trading… Read More

Compliance Trends for 2022 Identified by Clausematch

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Regulatory technology company Clausematch has released an e-book that details its top 10 compliance technology trends for 2022. They are briefly summarized here. 1. Expect more regulatory clarity on cryptocurrencies Given the increased use of cryptocurrencies in money laundering activity, regulators will continue their progress… Read More

Mastercard Expands Business with Practices Focused on Crypto, Open Banking, ESG

Mastercard Credit Cards

The business sector is facing an influx of innovation: changing consumer behavior and preferences, digital transformation as well as geopolitical shifts. In order to assist businesses with evolving and supporting their growth enterprise-wide, Mastercard (NYSE: MA) announced that it is expanding its payments-focused consulting service… Read More

Euroclear Makes ESG Investment in Greenomy, a Belgium based Sustainable Finance Tech Platform

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Euroclear has announced a new investment in Greenomy, a Belgium-headquartered sustainable finance technology platform (completed on January 31, 2022). Financial terms of the deal have not been shared publicly. Established in 2020, Greenomy assists corporates, credit institutions and asset managers with adhering to updated EU… Read More

Australia’s Westpac Introduces ESG Training Program for Institutional Staff Members

Australia Money 2

Elaine Chuah’s conversations with clients are reportedly changing. Increasingly, the first topic is no longer loan products or interest rates – it’s ESG (or environmental, social and governance) issues. “Our clients are initiating conversations on this topic,” says Chuah, a relationship manager with Westpac Institutional… Read More

CaixaBank Introduces its ESG Advisory Service for Corporate and Institutional Clients

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CaixaBank has introduced an environmental, social and governance (ESG) advisory service to assist its corporate and institutional customers with analyzing and establishing a sustainable strategy and positioning. With this advisory service, CaixaBank aims to promote its customers’ transition towards neutrality in carbon emissions and “guide… Read More

Global Fintech Arabesque Teams Up with Snowflake, a Data Cloud Company

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Arabesque has formed a new partnership with Snowflake, the Data Cloud firm, enabling financial institutions and investors to “integrate Arabesque’s suite of data assets and insights into their technology stacks securely and in real-time.” As mentioned in a release, the partnership will allow Arabesque to… Read More

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