Confluence adds ICE’s SFDR data to ESG solution for asset managers

Rick Steves

“With increasing demands for ESG data and insights, Confluence ESG Solutions integrated with ICE ESG data are uniquely positioned to offer greater ESG portfolio insights and help clients meet regulatory compliance requirements.”

Analytics and regulatory compliance reporting solutions provider Confluence has tapped Intercontinental Exchange to leverage ICE’s Environmental, Social and Governance (ESG) data as part of its ESG Sustainable Finance Disclosure Regulation (SFDR) solution.

This move, which follows a previous agreement with ICE to help firms meet SEC modernization reporting requirements in 2018, will allow Confluence to bring clients a single service that is designed to reduce the time and money needed to comply with this regulation.

Confluence enhances ESG solution to help meet regulatory requirements

The combination of Confluence’s ESG Solutions and ICE’s SFDR data equips asset managers with a comprehensive compliance reporting solution to help manage and meet regulatory requirements. ICE’s data solution, part of its broader ESG data set, offers updated, granular values and event-triggered updates for the Principal Adverse Indicators (PAI) on equity securities and more than 1.4 million fixed income securities of over 16,000 distinct corporate and sovereign entities.

Anthony Belcher, VP, Sustainable Finance at ICE, said: “We are pleased to continue to work with Confluence to bring our ESG data together with their software to provide an integrated offering for customers. This seamless combination brings front-to-back office ESG performance analytics and compliance reporting to the investment management industry, helping customers address complex regulatory requirements without the need to spend time and money integrating data with a reporting solution.”

Damian Handzy, Managing Director of Performance, Risk and Analytics at Confluence, commented: “With increasing demands for ESG data and insights, Confluence ESG Solutions integrated with ICE ESG data are uniquely positioned to offer greater ESG portfolio insights and help clients meet regulatory compliance requirements. We are excited about this partnership for the operational efficiency gains in front-to-back offices it can bring to our asset manager and asset servicer clients.”

Confluence doubled sales of ESG solution

In August, Confluence announced its end-to-end, multi-source, multi-asset class ESG solution has seen client adoptions double in H1 2022 compared to the full year of 2021.

The integrated ESG solution is seeing significant industry adoption following the firm’s acquisitions of Investment Metrics and Compliance Solutions Strategies (CSS), the firm stated.

Confluence helps the investment management industry solve complex investment insight and regulatory challenges, namely helping clients meet global ESG regulatory deadlines and streamline ESG portfolio analysis and reporting.

Confluence’s ESG solution delivers multi-source ESG data and ratings, ESG portfolio analysis for sales and distribution, multi-asset class ESG performance and risk analytics, and ESG risk, client and regulatory reporting (including SFDR pre-contractual, periodic & Article 10 web summary disclosures along with the European ESG Template (EET)), helping our clients gain significant productivity and cost efficiencies.

The firm has 15 offices spanning across the United Kingdom, Europe, North America, South Africa, and Australia.

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