The Greenomy Blog

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Taxonomy

EU Taxonomy Alignment: Five Steps and Best Practices for Non-Financial Corporates

Assessing your EU Taxonomy alignment comprises several steps. Here is Greenomy’s walkthrough and some best practices to help you get there.

November 29, 2022

News

Greenomy partners with Temenos to simplify Banks’ EU Taxonomy compliance

The partnership between the banking platform giant, Temenos, and Greenomy, the ESG Market Infrastructure, expedites fully automated non-financial reporting and monitoring of the alignment of the bank’s assets in their banking book against their sustainability objectives.

November 25, 2022

Taxonomy

Assessing your EU Taxonomy Eligibility: A Practical Guide for Non-Financial Corporations

Getting started can be tricky and overwhelming. Here’s Greenomy’s practical guide and best practices to help you get there.

November 24, 2022

Taxonomy

CSRD

SFDR

ESG data

Greenomy: At the Forefront of Utilising NLP to Automate Compliance

For global climate targets to be achieved, a huge redirection of capital into sustainable activities must be undertaken. The numerous barriers to the implementation of sustainable finance regulations can be facilitated by Natural Language Processing (NLP).

November 10, 2022

News

SCHUFA partners with Greenomy to enable easy implementation of EU Taxonomy in Germany

Greenomy is pleased to announce its partnership with SCHUFA, Germany's leading solution provider of credit reporting and information services, which has business relationships with nearly all German banks and over 10,000 corporate customers.

November 3, 2022

ESG data

CSRD

EFRAG: Europe’s Advisor on Sustainable Finance Reporting

EFRAG (the European Financial Reporting Advisory Group) was established with the support of the European Commission to serve the European public interest in both financial reporting and sustainability reporting. The group cultivates and promotes European views in the field of corporate reporting by developing draft EU Sustainability Reporting Standards.

October 19, 2022

News

Greenomy and EcoVadis alliance delivers end-to-end sustainability reporting to companies

Collaboration brings turnkey reporting for key standards such as EU Taxonomy to the global network of 100,000 companies engaged in sustainability ratings.

October 13, 2022

Taxonomy

ICMA’s value proposition in developing a Sustainable Economy

The International Capital Market Association (ICMA) aims to create and endorse a strong, well-operating, internationally and globally sound debt securities market. A primary focus and priority for the Association is sustainable finance and the growth and development of a sustainable economy.

October 6, 2022

ESG data

Finance for Tomorrow driving change towards sustainable finance

Finance for Tomorrow, a branch of Paris EUROPLACE, has the double objective of promoting sustainable finance and making Paris Financial Centre a hub where private, public, and institutional actors can collaborate for a sustainable future.

September 29, 2022

ESG data

The United States SEC Climate Disclosure Rules

The recent U.S Security and Exchange Commission's (SEC) proposed rule changes on climate-related disclosures could be the first step on the road to a greener US economy.

September 22, 2022

Taxonomy

China’s Green Bond Catalogue and Green Finance

On 21 April 2021, in an effort to coordinate green definitions among the financial regulators, the People's Bank of China (PBOC), together with the National Development & Reform Commission (NDRC), and the China Securities & Regulatory Commission (CSRC), jointly released the amended version of the Green Bond Endorsed Projects Catalogue. This represents a major development in China’s effort to unify its domestic green definitions.

September 8, 2022

ESG data

FoSDA: Future of Sustainable Data Alliance

The Future of Sustainable Data Alliance, often shortened to FoSDA, is a collaborative alliance spanning institutions, corporations, universities, and local governments. Its objective is to inform and accelerate capital shifts towards sustainable development.

September 1, 2022

Taxonomy

Colombia's Green Taxonomy

Colombia is the first country in America to publish its own Green taxonomy. It has been recognised by the World Bank as a pioneering country in sustainable finance, due to its role as a forefront country in issuing green bonds to finance green projects which will mobilise the transition to a green economy.

August 25, 2022

Taxonomy

Momentum Builds for Green Taxonomies in ASEAN

Momentum is building in the ASEAN region to support the commitment to the global climate goal of achieving Net Zero by 2050.

August 18, 2022

ESG data

News

MiFID II/MiFIR: Incorporating Sustainability Preferences in Financial Advice

From 2nd August 2022, under the amended directive MiFID II, investment managers must align and disclose financial instruments’ “sustainability factors” with their client’s sustainability preferences. This article will discuss what this new ESG reporting requirement means for investment managers.

August 11, 2022

SFDR

SFDR: Product Level Disclosures

The Sustainable Finance Disclosure Regulation (SFDR) stands as a core pillar of the European Green Deal’s Sustainable Finance Action Plan. This article will focus on the SFDR’s product-level disclosures, which form a key regulatory element of the SFDR and play a critical role in driving the regulation’s transparency aims.

August 4, 2022

Taxonomy

ESG data

Pillar III Disclosures on ESG risks: A new tool for bank investment transparency

Hidden amongst an extensive number of bank-related regulations, Article 449a of the Capital Requirements Regulation (CRR) launched a new set of data disclosures on the 28th of June 2022, known as Pillar III disclosures on ESG risks. These will complement the EU Taxonomy by requiring banks to disclose ESG-related information.

July 28, 2022

Taxonomy

ESG data

The South African Green Finance Taxonomy

On 1st April 2022, the National Treasury of South Africa unveiled its Green Taxonomy. The South African framework aims to help investors, issuers, lenders, and other financial market participants to assess the environmental credentials of their portfolios & business activities. Read Charlaine’s blog to find out more.

July 21, 2022

Taxonomy

Carbon Neutrality: On a Regional and Global Scale

On 12th December 2015, the Paris Agreement was adopted and set out a global framework to encourage carbon neutrality worldwide. In this article, we give you an overview of the agreement and the role played by the European Union’s Taxonomy to achieve carbon neutrality.

July 14, 2022

ESG data

CSRD

NFRD

SFDR

Taxonomy

Greenomy’s Glossary: Navigating Key Taxonomy and ESG Acronyms

Lost in the infinite list of Taxonomy and ESG related acronyms and terms? Greenomy is here to help. Navigating all these acronyms is not an easy feat, especially as new ESG disclosures and standards bring about new terms and acronyms to be deciphered and applied. To make your sustainable finance reporting and investing journey easier, we have compiled a glossary of some of the key Taxonomy and ESG reporting legislations, regulations, standards, initiatives, and buzzwords.

July 7, 2022

ESG data

Taxonomy

The Essentials of the EU Taxonomy: A quick guide to accelerate your green transition

The EU Taxonomy was released as a core pillar of the EU’s Action Plan for Sustainable Finance, which calls for a transition of capital flows towards sustainable investment. But how does this work in practice, who does it affect, and how do I get started with my EU taxonomy disclosures? Check out our EU Taxonomy Quick Guide to understand what the EU Taxonomy is, and why you should care about it.

June 30, 2022

ESG data

News

The European Single Access Point (ESAP): Putting data at investors' fingertips

The Capital Markets Union proposed new measures to boost Europe's capital markets and strengthen sustainable finance by creating a European Single Access Point.

June 23, 2022

ESG data

Taxonomy

Building market platforms for ESG-related data management and reporting

A problem shared is a problem halved: Why innovative digital business ecosystems offer a better way to address ESG-related data management and reporting in financial services.

May 25, 2022

Taxonomy

Greenomy Company Portal Testimonial: Akuo

Read Akuo's customer testimonial to find out how we are simplifying their sustainable finance regulatory reporting process, and how we can also help your company with its own sustainable finance reporting.

May 18, 2022

Taxonomy

ESG data

The Taxo4: Understanding the EU Taxonomy’s final 4 environmental objectives

The EU Commission is set to publish a delegated act that will outline the Technical Screening Criteria for the final 4 Taxonomy objectives: water and marine, the transition to a circular economy, pollution prevention, and the protection and restoration of biodiversity and ecosystems.

May 5, 2022

Taxonomy

ESG data

Will the EU Taxonomy have a global impact?

Financial markets are globally intertwined, meaning the EU Taxonomy will reach beyond EU borders and likely require non-EU financial market players to complete their alignment screening.

April 28, 2022

ESG data

ESMA’s Sustainable Finance Roadmap for 2022 - 2024: ESMA takes on Greenwashing

On February 10th, 2022, the European Securities and Markets Authority (ESMA) released its Sustainable Finance Roadmap for the period 2022-2024 and placed a large focus on tackling greenwashing. In this article, we give you a full overview of the Sustainable Finance Roadmap and its objectives.

April 14, 2022

Taxonomy

ESG data

The Transition Traffic Light System: The EU Platform on Sustainable Finance’s Tool for Transparency

The EU Platform on Sustainable Finance recently published its Final Report on the EU Taxonomy extension options supporting a sustainable transition, which proposed a traffic light system to assess different economic activities’ taxonomy alignment level.

April 7, 2022

ESG data

SFDR

Taxonomy

The European ESG Template (EET), a new complex and ambitious project developed by FinDatEx

FinDatEx released the first-draft of the European ESG Template(EET) for Financial Market participants. In this article, we give you a full overview of the template.

March 31, 2022

CSRD

ESG data

NFRD

SFDR

Taxonomy

The low-down on the Complementary Climate Delegated Act

The European Commission recently announced the inclusion of gas and nuclear in the EU Taxonomy causing a lot of controversy within the EU sphere.

February 28, 2022

News

Greenomy receives strategic ESG investment from Euroclear

Greenomy is pleased to announce the entry of Euroclear, a leading global financial market infrastructure, into its capital, completed today. The financial terms of the transaction were not disclosed.

January 31, 2022

ESG data

Taxonomy

The new International Sustainability Standards Board: shaping the future of ESG disclosures

The IFRS Foundation announced the formation of the International Sustainability Standards Board (ISSB) at COP 26 in Glasgow. By bringing different perspectives together, the ISSB will aim to set high-quality sustainability reporting standards to answer investors' needs.

December 21, 2021

Taxonomy

ESG data

Social Taxonomy - the way ahead and its linkages with the EU Taxonomy

The EU Taxonomy within the new EU Sustainable Finance legislation was the first major step taken by the European Union for promoting a transition towards a carbon neutral future. The Technical Expert Group is working on a Social Taxonomy, but what does it all mean?

December 14, 2021

SFDR

Taxonomy

SFDRMandatory Indicators & Principal Adverse Impact

If you are scratching your head about the new requirements of the Sustainable Finance Disclosure Regulation (SFDR), especially regarding Principal Adverse Impacts (PAIs), you have come to the right place! The directive aims to steer the flow of capital towards sustainable investments , which will reduce the negative impact of fossil fuels and carbon emissions.

December 2, 2021

CSRD

ESG data

NFRD

SFDR

Taxonomy

Greenomy and Deloitte make an Alliance to distribute EU Taxonomy reporting solutions across Europe

In an effort to help organisations rapidly build capabilities to address the complex challenges of the new EU Sustainable Finance legislation (EU Taxonomy, CSRD, SFDR), Deloitte Digital Risk Solutions and Greenomy have signed a distribution agreement.

November 10, 2021

Taxonomy

EU Taxonomy - The Second Delegated Act is Here!

Continuous development and improvement is critical to achieving global sustainability objectives. The EC is putting this concept into action with further improvements to the EU Taxonomy.

July 13, 2021

ESG data

The Sustainability Data Challenge

What is the biggest challenge to achieving global sustainability objectives? The answers are in the data! The problem is, we simply don't have the necessary data.... yet.

July 21, 2021

CSRD

NFRD

Taxonomy

Sustainability Benefits: A Corporate Perspective

True North has shifted. There is a valuable opportunity to capture here, and if businesses don’t adjust their bearings, they will become lost and left behind.

June 15, 2021

NFRD

SFDR

Taxonomy

CSRD

Greenomy x Onbrane : partnership to transform sustainable debt markets

Debt Markets have a fundamental need for digitalization, efficiency and better integration across distinct groups of stakeholders. Onbrane and Greenomy make this happen on the ESG debt markets.

June 1, 2021

SFDR

SFDR Fundamentals, Challenges and Keys to Success

SFDR is continuously evolving and brings several challenges. If you set an objective to integrate sustainability into your investment management process, regulatory compliance will follow naturally.

May 11, 2021

NFRD

CSRD

The Evolution of NFRD into CSRD

The road to sustainability is paved with good intentions... We need to make sure those good intentions actually make a positive impact

May 9, 2021

Taxonomy

Achieving sustainability objectives is a process of continuous improvement

Achieving global sustainability objectives is a huge task, and they will not be achieved overnight. This will require long term commitment and a mind-set of continuous improvement.

May 4, 2021

Taxonomy

EU Taxonomy - First Delegated Act is Out!

We've waited... Now the clock is ticking to disclose your Taxonomy alignment!

April 21, 2021

Taxonomy

EU Taxonomy Fundamentals

Sustainability is mainstream. Now we have to measure it, manage it and achieve it.

March 31, 2021