Broadridge launches ESG reporting solution ahead of European regulation SFDR

Rick Steves

The Broadridge managed solution for EET adds to existing Broadridge services, including European PRIIPs Template, European MiFID Template, Solvency II Tripartite Template and many more across the European jurisdictions.

Broadridge Financial Solutions, Inc. has launched a new Environmental, Social and Governance (ESG) reporting solution to help asset managers of European funds with the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR).

The ESG reporting solution enables disclosure through the European ESG Template (EET), with “rigorous evidential control systems to support asset managers from pre-production through to dissemination, providing complete support for all aspects of the EET, encompassing composition, ongoing maintenance and dissemination to distribution channels”, according to the announcement.

Broadridge says the solution  is based on already established processes for managing regulatory reporting for funds and an existing dissemination network to industry end points.

SFDR effective January 2023

Paul Poletti-Gadd, Chief Solutions Officer at Broadridge Fund Communication Solutions, said: “Asset managers are navigating a very complex and changing regulatory landscape and are under increasing pressure to disclose more ESG data to investors. Broadridge’s new ESG solution enables asset managers to efficiently provide data by leveraging automation and existing network links amongst fund distribution channels to ensure they have data and regulatory documents at the right time for their end clients.”

Effective 2023, the SFDR regulations require Principal Adverse Impact (PAI) information to be publicly disclosed, but amendments to both MiFID II and the Insurance Distribution Directive (IDD) are coming into effect in August 2022.

The EET facilitates the necessary exchange of data between product manufacturer and distributor for the purpose of fulfilling ESG-related regulatory requirements contained in the SFDR, relevant provisions of the Taxonomy Regulation, and the relevant delegated acts complementing MiFID II and IDD.

The Broadridge managed solution for EET adds to existing Broadridge services, including European PRIIPs Template, European MiFID Template, Solvency II Tripartite Template and many more across the European jurisdictions, delivered from its centralized data platform and regulatory services platform.

Broadridge adds behavioral data solution

Broadridge has recently incorporated AdvisorTarget’s advisor intent data into its analytics and advisory offerings, which identifies advisor demand for fund and ETF products. The move aims to help asset management clients sharpen their distribution strategies and improve advisor segmentation, digital marketing and social media engagement.

AdvisorTarget data allows users to identify products of interest and better match sales efforts with interested buyers by using predictive analytics. Advisor segmentation, scoring and customer journey mapping optimize data driven distribution strategies for asset managers. The addition of advisor behavioral data will inform strategies based on both existing holdings and content engagement history.

The partnership with AdvisorTarget furthers Broadridge’s strategy to enhance and support asset and wealth managers in their approach to digital engagement. Asset managers will get insights into advisor interest and intent to purchase fund and ETF products.

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