Refinitiv taps Clarity AI to develop SFDR Reporting Professional

Rick Steves

“LSEG serves thousands of asset managers who will have to report on SFDR, and accuracy will be key – especially in the environment of high regulatory scrutiny surrounding ESG and sustainability.”

Refinitiv, the data and analytics giant wholly owned by London Stock Exchange Group (LSEG), has partnered with sustainability tech platform Clarity AI to develop SFDR Reporting Professional.

The SFDR is a key component of the EU’s Sustainable Finance Action Plan, which aims to encourage capital to flow towards companies and activities that support the EU’s environmental and social objectives.

It requires financial institutions to disclose the “Principal Adverse Impacts” their investments have on social and environmental issues and also applies to those who market sustainable investment products to make additional product-level disclosures.

Below is Refinitiv Lipper data showing the number of Article 8 and Article 9 funds and associated AUM, indicating the volume of firms subject to the SFDR reporting obligations:
• Article 8: Euro 5,219,972m (10,300 primaries)
• Article 9: Euro 478,424m (1,221 primaries)

SFDR Reporting Professional covers over 50,000 companies

The SFDR Reporting Professional will feature combined capabilities leveraging market-leading data coverage of over 50,000 companies. It is complemented by LSEG’s comprehensive range of reported data on ESG, fundamentals, funds, and sovereigns.

Data will be accessed via API and the fully integrated tool will include the ability to aggregate at the portfolio level or to view at the individual security level. There will be a total of over 20 indicators mapped, including 16 mandatory indicators. Additionally, templated PDF reports will be available and can be accessed to ensure ease of reporting to the regulators.

Accuracy will be key within high regulatory scrutiny surrounding ESG

Rebeca Minguela, Founder and CEO of Clarity AI, said: “We are excited to partner with the team at LSEG to bring our market-leading SFDR data coverage and reporting capabilities to an even broader base of clients. LSEG serves thousands of asset managers who will have to report on SFDR, and accuracy will be key – especially in the environment of high regulatory scrutiny surrounding ESG and sustainability.”

Cornelia Andersson, Group Leader, Sustainable Finance and Investment at LSEG, commented: “SFDR is placing additional reporting requirements on those marketing sustainable investment products and many are requiring comprehensive reporting tools to help them comply. As a provider of some of the most comprehensive sustainability data and indexes available, we are committed to developing leading edge capabilities working with leading specialist sustainability players. Partnering with Clarity AI ensures our clients will have the best possible information and capabilities available to them for SFDR reporting, and we’re already exploring future opportunities for collaboration with Clarity AI.”

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