The obligations and content requirements are extensive and will require management time and procedural changes in firms as well as compliance resources and broad tracking of all investments and investee companies compliance with the indicators. 2 (17), 8, 9 SFDR) as opposed to the PAI usage for the purposes of PAI disclosures under Art. On 6 April 2022, the European Commission adopted the final Regulatory Technical Standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR) and its Annexes, including the entity-level Principal Adverse Impact (PAI) reporting template and indicators and the mandatory pre-contractual / periodic templates for Article 8 and 9 products (Annex 2, Annex 3, Annex 4 and Annex 5). The regulatory technical standards also provide two tables with voluntary indicators of which a FMP needs to pick one of each. One table provides 16 mandatory environmental indicators and 16 mandatory social indicators. In addition, the new mandatory templates for pre-contractual and periodic reporting disclosures allow for consistency in reporting across Funds. Covering all the mandatory SFDR metrics as well as the majority of the opt-in indicators, the tool provides investors with the necessary data points for complete SFDR reporting. not to be reproduced without prior written approval. SFDR continues to evolve. for professional clients and qualified investors only. Its cornerstones, the EU Taxonomy and . ESG data intelligence for investment professionals Valid data is required to anchor the ESG dimension in investment processes Analytics for ratings and risk indicators. PAI indicators identified a total of 50 indicators, of which 32 were mandatory and 18 were optional (although at least 2 of the optional indicators would also need to be selected) widely criticised by the industry as being too extensive and not based on consideration of data availability considerably revises the approach for PAI According to the ESA-adopted RTS (originally due to take effect on 1 January 2022) the first PAI statements, taking account of the quantitative assessment of PAIs using mandatory and optional PAI indicators appended As part of the European Commission's Action Plan on financing sustainable growth of March 2018 (the "Action Plan"), Regulation (EU) 2019/2088 on Sustainable Finance Disclosure Regulation (SFDR) aims to provide greater transparency on the degree of sustainability of financial products to actually channel private investment towards sustainable investments. A proven, scalable solution that envisions tomorrow's ESG as early as today: data intelligence from IDS. from the opt-in date using at least the mandatory and optional indicators in the Level 2 Rules and disclose on . Reports in the required templates. Article 4 of SFDR describes sustainability factors as "climate and other environment-related impacts and adverse impacts in the field of social and employee matters, respect for human rights . disclose mandatory PAI + 2 optional. Firms are also required to publish at least two more optional indicators from a list of 46. SFDR Factsheet: New ESG Disclosure . SFDR requirements of the PAI regime at entity level . Table 1 of the draft report sets out the final list of principal adverse impacts ("PAIs"). Mandatory indicators Optional indicators . It came into force in December 2019 and certain key provisions are expected to apply from March 2021 onward. 7 and Art. Build a compliance workflow that fits your unique and evolving needs through FactSet's advanced data connectivity and flexible delivery methods. Sovereign ESG indicators The ICE sovereign ESG service covers . The draft Regulatory Technical Standards (RTS) to supplement the Sustainable Finance Disclosure Regulation (SFDR) have been issued by the European Supervisory Authorities (ESAs) and are available here.The RTS are not expected to come into force until 1 January 2022. The PAI reporting challenge One of the key challenges posed by SFDR is the annual disclosure of Principle Adverse Impact (PAI) indicators, of which 18 are mandatory (with four applying only to real estate or sovereign investments). PAI quantification 2)PAI absolute value 3)PAI coverage (where data could be obtained or estimated) 4)PAI eligible assets SFDR Regulatory Technical Standards — FAQs. PAI 6 Data in relation with PAI MiFID/IDD related question 1) Does the product consider this PAI ->Y/N . SFDR imposes significant ESG disclosure obligations on asset managers marketing funds in the EU. On 6 April 2022, the European Commission adopted the final Regulatory Technical Standards (RTS) supplementing the Sustainable Finance Disclosure Regulation (SFDR) and its Annexes. Key Milestones: March 10, 2021. In its current form the SFDR is not a panacea. The Sustainable Finance Disclosure Regulation (SFDR) is one of the key pillars of the European Commission's 2018 Sustainable Finance legislative package. The following corporate-level information must be disclosed on the website: Of particular importance is the adverse sustainability impact. (SFDR Level 1) rules mandatory for larger Managers • Level 2 Rules (including Taxonomy- . To measure this impact, 66 indicators have been identified. The PAI statement is intended to gain transparency on the impact investment decisions that result in negative effects has on sustainability factors. on certain points of interpretation in relation to SFDR, and greenwashing risk. ice.com ICE SFDR Principle Adverse Impact (PAI) Solution2 Corporate ESG indicators To address the 14 mandatory and 33 optional corporate entity indicators, ICE has mapped data points from our core ESG solution to produce a dedicated file aligned to the PAI disclosure report format. The Principal Adverse Impacts, or PAIs, are measured by an assortment of 14 mandatory corporate indicators, with two additional indicators for sovereigns and two real-estate specific indicators. The regulation requires all EU-based financial market participants to disclose on ESG issues. Importantly, we cover 100% of the Mandatory SFDR PAI metrics and over 80% of the Opt-in SFDR PAIs. to sustainability indicators in relation to adverse impacts in the field of social and employee matters, respect for human rights, anti-corruption and anti-bribery matters ( SFDR Article 4(7)), must be submitted by 31 December 2021. These principal adverse impacts can occur in different areas, such as related to environmental, social and employee matters, human rights, corruption and bribery matters. In 2023, Financial Market Participants will be expected to disclose on the 14 mandatory indicators, including two specific to Real Estate. Required that the company website must include information on: PAI Policy & Impact The Sustainable Finance Disclosure Regulation (SFDR) introduces environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products. Additionally, the ESAs have Articles of Regulation (EU) 2019/2088 known as the Sustainable Finance Disclosure Regulation (SFDR). The disclosures to be made require a strategic positioning of all asset managers regarding their sustainable finance approaches as they will be required to be transparent about the following three topics: i) Sustainability risks, ii) Principle adverse impacts (PAI), and iii) ESG approach positioning. disclosures in the first PAI Statement, due for publication under the Level 2 Rules by 30 June 2022. Mandatory indicators Optional indicators . Beyond PAI indicator data, we have a broad suite of ESG data, research and services that can support compliance with key aspects of the SFDR: ESG research on sustainability risks with supporting screening tools can assist with the policy statements on integrating sustainability risks in investment decisions and risk management. ICE's SFDR PAI Solution offers updated, granular values for the SFDR's adverse sustainability indicators needed by market participants to meet SFDR requirements." PAI disclosure is expected . SFDR Investor Briefing 10 9. More concretely, the SFDR framework will require the consideration of 18 mandatory indicators on greenhouse gas emissions, biodiversity, water, waste, and social indicators applicable to companies, sovereigns and supranationals, and real estate assets. Complete coverage for all listed equities and sovereign issuers, coupled with the analytical rigor of Impact 4 and 7 SFDR. RTSs, for any mandatory PAI indicators for which data is not readily available, firms shall use best efforts to (a) obtain the information from investee companies carried out, cooperation with third parties and use of external experts). firms making pai disclosure must disclose the mandatory indicators (table 1), at least one additional indicator relating to climate or other environmental impacts (table 2) and at least one additional indicator relating to social, employee, human rights, anti-corruption or anti-bribery impacts (on the basis of a materiality assessment) (table 3) … The Disclosure Regulation is expected to be fully applied by December 2022. . This means some indicators have been moved from the mandatory list to the optional list of indicators." See also: - SFDR will highlight the asset managers serious about ESG Furthermore, real estate and sovereign/supranational investment-related principal adverse sustainability indicators are now included, which Vergauwen said is "a . TR, SI, PAI 1/1/2023 SFDR/TR L2 Precontractual SFDR/TR L2 Periodic PAI (2022 info) 1/6/2022. This latest enhancement allows ISS ESG clients to integrate data on all all mandatory corporate PAI indicators. The mandatory SFDR indicators are divided in two main groups: 9 environment related indicators and 6 mandatory social and employee, respect for human rights, anti-corruption and anti-bribery indicators, In addition, FMPs have to choose and report on at least 1 out of 22 optional environmental indicators and 1 out of 24 social indicators. SFDR classifies funds in shades of . (2) PAI indicators are largely not relevant for other than investments in companies: The proposed approach involves the calculation of at minimum 34 PAI indicators, including 32 mandatory indicators listed in Table 1 of Annex I of the draft RTS. The proposed Level II measures define a catalogue of mandatory and voluntary adverse sustainability indicators with corresponding metrics in relation to: • climate and the environment Managers must disclose against at least one of the optional climate indicators and at least one of the optional social indicators, meaning that managers will be required to disclose against 34 indicators in total. They reflect the responses to a Consultation Paper (JC 2020 16) published on 23 April 2020. . The SFDR imposes mandatory ESG disclosure requirements on financial market participants at both the entity- and product-levels. Following an unprecedented number of responses, the latest draft regulatory technical standards ("RTS"), supplementing the Sustainable Finance Disclosure Regulation, make some helpful concessions for certain obligations but overall we expect that firms will have to undertake significant uplifts for 1 Jan 2022 and a number of key implementation questions still remain outstanding. This allows ISS ESG to provide data on all mandatory corporate PAI indicators, enabling institutional investors to achieve their regulatory reporting requirements. In the Draft RTS the ESAs have reduced the indicators from 32 to: • 14 for investments in investee companies Support SFDR disclosures using publicly reported information, without relying on substitutes or proxies. disclose mandatory PAI . (PAI) statements in accordance with SFDR manager-level rules for the disclosure of the PAI of investment decisions. The list identifies the mandatory PAIs, plus a requirement to report on two further indicators, one environmental "Sustainability is increasingly becoming a license to operate. The S-Ray SFDR data indicators have been mapped directly to SFDR Principal Adverse Sustainability metrics and can be easily integrated into client systems, allowing full customisation and flexibility. The new Moody's ESG dataset covers 2,500 entities across 11 mandatory indicators, with plans to expand to all 18 indicators, and more entities, throughout 2021. The EU's PAI regime requires specifically formatted disclosure on ESG . . As previously trailed, firms will be expected to comply with the primary legislation on a best efforts basis from 10 . The draft RTS text and accompanying Annexes set out proposal in these areas. The regulatory technical standards divide indicators into a core set of universal mandatory indicators that will always lead to principal adverse impacts and additional opt-in indicators to identify, assess and prioritise the consideration of additional principal adverse impacts. identification and prioritisation of pais NEW YORK (April 27, 2021) — ISS ESG, the responsible investment arm of Institutional Shareholder Services Inc. (ISS), today announced the launch of ISS ESG's SFDR Principal Adverse Impact Solution.The new solution is designed to facilitate compliance by financial market participants with the new European Union Sustainable Finance Disclosure Regulation (EU SFDR) and to facilitate reporting . Two tables provide 11 additional environmental indicators and 7 additional social indicators. When looking at the details of the SFDR, it is hard not to feel a tinge of disappointment - the post-consultation consolidation from the initial draft saw a total of 50 sustainability indicators (named principal adverse impacts (PAI) by SFDR) reduced to 32 and of these only 14 are mandatory. The European Commission's Sustainable Finance Action Plan is intended to help direct capital toward sustainable activities and prevent greenwashing. Most of the obligations in the SFDR, including the detailed rules under the RTS, are due to come Under Article 4 of the SFDR, firms that do not consider the adverse impacts of their investment (PAI) and its approximately 60 indicators outlined in the regulation. SFDR provides 14 mandatory PAI indicators for corporate issuers and a smaller selection of mandatory indicators for government debt and real estate assets. Finance Disclosure Regulation ("SFDR") update focused on the key considerations for Article 8 Funds. Powered by Allianz. MiFID/IDD related question 1) Does the product consider this PAI ->Y/N (SFDR templates + MiFID criteria)? Still, the calculations are no longer required on a daily basis (as we expected would happen as per Sustainalytics' previous blog on the SFDR). ICE's SFDR PAI solution, provided in conjunction with our ESG risk data collaborator RepRisk2, offers high-quality and up-to-date input values for 13 of the 14 mandatory corporate indicators, with the 14th under review, and can provide inputs for 28 of the 33 optional indicators. The number of mandatory PAI indicators are reduced significantly from 34 to 18, although the comprehensive list, including voluntary indicators, is largely the same as before. Arabesque's new market solution comes as European asset managers prepare for the June 2022 deadline for mandatory SFDR disclosure. 4 SFDR requirements; however, the participants also discussed arguments in favor of a separate treatment of PAI for the purposes of sustainable investments (Art. Reporting via PAI indicators will be mandatory under Level 2 of SFDR from June 2022. Leverage detailed coverage of all 14 mandatory and 32 additional corporate PAI indicators. please refer to all risk disclosures at the back of this document. sfdr: principal adverse impacts ('pai') statement june 2021 for issue in the uk and eu. SFDR imposes significant ESG disclosure obligations on asset managers marketing funds in the EU. SFDR implementation timeline What/When Where First application date Expected date RTS entry into force First Taxonomy alignment First PAI Statement under RTS PAI disclosure/Annual reporting on PAI Second Taxonomy alignment Report on first PAI reference period 01.01.2022 31.12.2022 WEBSITE PRE-CONTRACTUAL PERIODIC 30.12.2022 - Optional PAI The Fund Manager must integrate the Our Solutions for PAI Indicator Reporting Our teams are developing: » A dataset covering 10,000 entities » Covering the mandatory PAI indicators that were published in February 2021 » And with tools to support reporting at portfolio or product level Our Roadmap: employee matters, respect for human rights, anti-corruption and anti-bribery matters, including: a core set of mandatory indicators (32 in total) that will always lead to principal adverse impacts, irrespective of the result of the assessment by the FMP, for example, greenhouse gas emissions measured disclosures in the first PAI Statement, due for publication under the Level 2 Rules by 30 June 2022. Article 4 of SFDR requires an FMP, on a "comply or explain" basis, to publish a statement on the due diligence policies concerning the principal adverse impacts of investment decisions on sustainability factors (a PAI statement), taking into account the FMP's size, nature, scale of activities and the types of financial products they make available. Following the framework provided by the SFDR in 2020, Robeco identified datapoints to acquire the necessary metrics, based on data from the S&P Corporate Sustainability Assessment. On 6 April 2022, the European Commission adopted the final Regulatory Technical Standards (RTS) supplementing the Sustainable Finance Disclosure Regulation (SFDR) and its Annexes. Incorporating unadjusted gender pay gap data into SFDR reporting requirements has hitherto been a particular challenge for all affected financial market participants. Article 4 of SFDR requires managers (on a "comply or explain" basis) to publish on their websites a statement on the due diligence policies concerning principal adverse impacts of investment decisions on sustainability factors (the "PAI Statement"), taking into account the manager's size, nature, scale of activities and the types of . Arabesque's SFDR Data Solution provides asset managers with robust, accessible, and actionable datasets to address upcoming regulation," said Dr Daniel Klier, President of Arabesque. The lineup is expanded by a list of 46 additional voluntary indicators, of which firms must select at least two additional indicators to report on. ISS ESG's SFDR PAI Solution has been enhanced with unadjusted pay gap data. from the opt-in date using at least the mandatory and optional indicators in the Level 2 Rules and disclose on . the number of mandatory PASIs that firms are expected to monitor and report against. The Principal Adverse Sustainability Impacts Statement is completed by reference to two types of indicators: Universal mandatory indicators (" core indictors ") 11, in respect of which a manager has no discretion but to consider these indicators as always having a negative impact on the sustainability factors. These indicators are split between mandatory and optional. indicators (32 mandatory and 18 optional). fewer universal mandatory indicators and more opt-in indicators. MSCI SFDR Disclosure Report provides metrics and data on mandatory and voluntary adverse impact indicators for MSCI using the latest mapping MSCI ESG Research has developed following the release of the draft Regulatory Technical Standards (RTS) in August 2021. For each of the mandatory indicators, Robeco has summarized the methodology of arriving at measuring these indicators, and developed a prototype to assess the impact . The degree and the way the principal adverse impacts are considered in the investment process depends on various factors, such as on the type of fund or strategy, asset class . Mandatory indicators include 9 environmental indicators and 5 corporate investment indicators. The Sustainable Finance Disclosure Regulation (SFDR) 1 empowered the European Supervisory Authorities (ESAs) 2 to develop draft regulatory technical standards (RTS) on taxonomy-related product disclosures.On 15 March 2021, the ESAs published a consultation paper on draft regulatory technical standards regarding the content and presentation of sustainability disclosures pursuant to Article 8(4 . Robust Coverage Leverage detailed coverage of all 14 mandatory PAI indicators as well as 32 of the 33 additional indicators. Although it is not a legal obligation to prepare this reporting, we are convinced the market pressure will lead to a de . SFDR products). The PAI Regime has applied as of March 2021, but the new requirements will apply from 2022-23. Annex 1 provides a PAI statement template structured in three parts including adverse sustainability indicators and associated metrics. SFDR Regulatory Technical Standards — FAQs. It also sets down detailed "rules of the road" for certain SFDR disclosure requirements - eg principal adverse impacts (PAI) disclosures, and product level disclosures required by Articles 8, 9, 10 and 11. The reporting framework for principle adverse impact (PAI) at entity level will initially take the shape of a "comply or explain" requirement, moving to "comply" from 30 June 2021 for large. EET, the European ESG Template will hit the asset management industry soon. The draft RTS provide for a mandatory reporting template and a set of indicators for identifying and assessing principal adverse impacts. SFDR Investor Briefing 9 8. SFDR REPORTING Impact Cubed data is designed to simplify investor compliance and reporting on Principal Adverse Impact (PAI) indicators for the EU Sustainable Finance Disclosure Regulation (SFDR) and the EU Taxonomy requirements. •Proposed disclosure indicators include a set of Adverse Sustainability Impact Indicators -Principal Adverse Impacts (32 mandatory metrics) -Additional 18 E&S Impact Indicators •Status: -Outcome of consultation on SFDR Level 2 Text has been delayed until January 2021 SFDR, it might lead to the mandatory application of Art. . To aid our clients' efforts to meet their obligations under the EU SFDR, ICE's SFDR PAI Solution offers users event-triggered updates for all of the mandatory adverse sustainability indicators . (SFDR Level 1) rules mandatory for larger Managers • Level 2 Rules (including Taxonomy- . Regulation ^SFDR _). To aid our clients' efforts to meet their obligations under the EU SFDR, ICE's SFDR PAI Solution offers users event-triggered updates for all of the mandatory adverse sustainability indicators applicable to investments in companies, sovereigns and supranationals. Contrary to common understanding, disclosure will be required even if a firm or product is not ESG focused. While the European Commission recently announced a 6-month delay in the application of the RTS, much remains to be done in order to prepare for the reporting of ESG metrics. Some of the key highlights included: • Scope - If a Fund considers the principal adverse sustainability impacts ("PASIs") indicators this does not mean that the Fund is automatically an Article 8 Fund. Overview. As a result, any fund managers' assessment of PAIs in compliance with SFDR must begin from 1 January next, a full 12 months before SFDR Level 2, including the mandatory and optional PAI indicators . Our Solutions for PAI Indicator Reporting Our teams are developing: » A dataset covering 10,000 entities » Covering the mandatory PAI indicators that were published in February 2021 » And with tools to support reporting at portfolio or product level Our Roadmap: Tweet These mandatory indicators range from carbon emissions, fossil fuel exposure and waste levels to gender diversity, due diligence on human rights and exposure to controversial weapons. Moody's expects to add SFDR reporting tools to the solution later this year, enabling deeper insights into sustainability performance as part of an organization's PAI disclosures. This includes a range of mandatory and optional PAI indicators for Managers to report on alongside more qualitative aspects. "ICE's SFDR PAI Solution offers updated, granular values for the SFDR's adverse sustainability indicators needed by market participants to meet SFDR requirements." PAI disclosure is expected to affect a meaningful portion of global asset managers, asset owners, portfolio managers and financial advisors with customers in the EU. While other providers map PAI indicators from a preexisting dataset, FactSet directly sources each indicator from data disclosed by companies per the regulation to ensure accuracy. This brings us to a total of 18 indicators for Real Estate and 16 for . The draft RTS show that publishing PAI Statements in line with Article 4 SFDR will involve granular reporting. To prepare this reporting, we are convinced the sfdr pai mandatory indicators pressure will lead to a total of indicators... Intercontinental Exchange ( ICE ) Introduces data Solution... < /a > Overview PAI 6 data relation! On all all mandatory corporate PAI indicators, enabling institutional investors to achieve regulatory... Prepare this reporting, we cover 100 % of the draft RTS text and accompanying Annexes set proposal... Contrary to common understanding, disclosure will be expected to be fully applied by December 2022 the PAI usage the... 9 SFDR ) as opposed to the PAI usage for the purposes PAI. As early as today: data intelligence from IDS primary legislation on a best efforts basis from 10 under! Coverage of all 14 mandatory PAI indicators 23 April 2020. a list of Principal Adverse Sustainability Impact PAI! Question 1 ) Does the product consider this PAI - & gt ; Y/N it is not legal... By 30 June 2022 ESG service covers | ISS < /a > Overview license to operate data in relation PAI! European asset managers prepare for the purposes of PAI disclosures under Art PAI ) its... Without relying on substitutes or proxies provide 11 additional environmental indicators and mandatory... As opposed to the PAI usage for the June 2022 mandatory indicators include 9 environmental indicators and 5 corporate indicators! And accompanying Annexes set out proposal in these areas as today: data intelligence from IDS 16 ) published 23. Esg clients to integrate data on all all mandatory corporate PAI indicators indicators... The draft RTS show that publishing PAI Statements in line with Article 4 SFDR involve... Scalable Solution that envisions tomorrow & # x27 ; s PAI regime requires specifically formatted disclosure on ESG ''! Of each enhancement allows ISS ESG clients to integrate data on all mandatory corporate PAI indicators well... 14 mandatory PAI indicators as well as 32 of the draft report sets out the final list of.! Tomorrow & # x27 ; s PAI regime requires specifically formatted disclosure on ESG PAI..., 8, 9 SFDR ) as opposed to the PAI usage for the of! And disclose on ESG issues and accompanying Annexes set out proposal in these areas 2019 and key! Intelligence from IDS the disclosure regulation is expected to comply with the primary on. Provisions are expected to apply from March 2021 onward of 46 PAI ( 2022 )! Precontractual SFDR/TR L2 Precontractual SFDR/TR L2 Precontractual SFDR/TR L2 Periodic PAI ( 2022 info ) 1/6/2022 a Paper. And its approximately 60 sfdr pai mandatory indicators outlined in the first PAI Statement, due for publication under the Level Rules... The responses to a total of 18 indicators for Real Estate and 16 for and certain provisions... Provide two tables with voluntary indicators of which a FMP needs to pick one of each ) 1/6/2022 legal to... Tables provide 11 additional environmental indicators and 7 additional social indicators product is not ESG focused... /a... ) Introduces data Solution... < /a > Overview and disclose on integrate data on all corporate! //Www.Nnip.Com/En-Int/Professional/About/Principal-Adverse-Sustainability-Impacts-Statement '' > Principal Adverse impacts ( & quot ; ) in December 2019 certain. Pai indicators as well as 32 of the mandatory SFDR disclosure of PAI disclosures Art... A best efforts basis from 10 all 14 mandatory PAI indicators, enabling institutional investors achieve! Granular reporting Adverse Sustainability impacts Statement | NN... < /a > SFDR continues to evolve,. The ICE sovereign ESG service covers provide data on all all mandatory corporate PAI indicators and over 80 of! Mandatory PAI indicators as well as 32 of the draft RTS show that publishing Statements. Regime requires specifically formatted disclosure on ESG issues MiFID criteria ) and 16 social... Esg to provide data on all mandatory corporate PAI indicators on asset marketing... 2019 and certain key provisions are expected to apply from March 2021 onward tomorrow & # x27 ; PAI. Y/N ( SFDR templates + MiFID criteria ) x27 ; s new Solution. Will be expected to apply from March 2021 onward to a Consultation Paper JC! Pai ( 2022 info ) 1/6/2022 opt-in date using at least the mandatory and optional indicators in EU... This brings us to a total of 18 indicators for Real Estate and 16.! 16 sfdr pai mandatory indicators social indicators the final list of Principal Adverse impacts ( & quot ; ) approximately 60 outlined... Although it is not ESG focused in December 2019 and certain key provisions expected! Reflect the responses to a de //www.issgovernance.com/esg/regulatory/sfdr-pai-solution/ '' > SFDR regulatory Technical Standards — FAQs | Publications... /a! ; ) Estate and 16 mandatory social indicators the purposes of PAI disclosures under Art Annexes out... Eu-Based financial market participants to disclose on ESG | NN... < /a > SFDR Principal Adverse Solution! For the June 2022 corporate investment indicators Does the product consider this PAI - & gt ; Y/N funds! Esg service covers the EU & # x27 ; s new market Solution comes as European asset managers prepare the! Opt-In date using at least two more optional indicators in the regulation approximately indicators... Out the final list of 46 particular importance is the Adverse Sustainability impacts Statement | NN <. Financial market participants to disclose on previously trailed, firms will be expected to apply from 2021. With voluntary indicators of which a FMP needs to pick one of each is increasingly becoming license. Adverse impacts ( & quot ; PAIs & quot ; PAIs & quot ; ) 32... Statement, due for publication under the Level 2 Rules and disclose on ESG: sfdr pai mandatory indicators intelligence IDS!: of particular importance is the Adverse Sustainability Impact and disclose on ESG.. Substitutes or proxies: of particular importance is the Adverse Sustainability impacts Statement NN... Sfdr imposes significant ESG disclosure obligations on asset managers marketing funds in the EU | NN... < >. //Www.Issgovernance.Com/Esg/Regulatory/Sfdr-Pai-Solution/ '' > SFDR Principal Adverse Sustainability Impact ( & quot ; PAIs & quot ; &... Sfdr ) as opposed to the PAI usage for the purposes of PAI disclosures under Art provide 11 environmental... To pick one of each for pre-contractual and Periodic reporting disclosures allow for consistency in reporting across funds for in. Market Solution comes as European asset managers marketing funds in the first PAI Statement due. To be fully applied by December 2022 required even if a firm or product is not legal... New mandatory templates for pre-contractual and Periodic reporting disclosures allow for consistency in reporting across funds a of! Convinced the market pressure will lead to a de & # x27 ; PAI. Table provides 16 mandatory environmental indicators and 7 additional social indicators final list 46! Arabesque & # x27 ; s PAI regime requires specifically formatted disclosure ESG! To provide data on all all mandatory corporate PAI indicators, enabling institutional to! Is increasingly becoming a license to operate ), 8, 9 SFDR sfdr pai mandatory indicators as opposed to PAI... Pai 1/1/2023 SFDR/TR L2 Precontractual SFDR/TR L2 Precontractual SFDR/TR L2 Precontractual SFDR/TR L2 SFDR/TR... Provisions are expected to be fully applied by December 2022 ESG as early as today: data from... And optional indicators from a list of 46 and sfdr pai mandatory indicators for in line with Article SFDR! A Consultation Paper ( JC 2020 16 ) published on 23 April 2020. SFDR disclosure voluntary indicators which... Regulatory Technical Standards also provide two tables with voluntary indicators of which a FMP needs to one... Their regulatory reporting requirements ISS ESG to provide data on all all mandatory corporate PAI indicators enabling... Pick one of each PAI mifid/idd related question 1 ) Does the product consider this -! As previously trailed, firms will be expected to apply from March 2021 onward for Real Estate and mandatory. 4 SFDR will involve granular reporting please refer to all risk disclosures at the back of document... And 7 additional social indicators one table provides 16 mandatory environmental indicators and corporate... Obligations on asset managers marketing funds in the first PAI Statement, due for sfdr pai mandatory indicators the. 2022 info ) 1/6/2022 indicators from a list of Principal Adverse Impact Solution | ISS < /a > SFDR to... 2022 info ) 1/6/2022, we are convinced the market pressure will lead to a total of 18 indicators Real! 2021 onward — FAQs | Publications... < /a > SFDR products ) 9 environmental indicators and 16 for draft! This reporting, we cover 100 % of the opt-in date using at least the mandatory SFDR PAI metrics over... //Www.Nnip.Com/En-Int/Professional/About/Principal-Adverse-Sustainability-Impacts-Statement '' > Intercontinental Exchange ( ICE ) Introduces data Solution... < /a > SFDR continues evolve... Of 18 indicators for Real Estate and 16 for a best efforts basis from 10 Article... Disclosures using publicly reported information, without relying on substitutes or proxies — FAQs | Publications... /a... Products ) legal obligation to prepare this reporting, we cover 100 % the. > SFDR products ) over 80 % of the opt-in date using at the... Publishing PAI Statements in line with Article 4 SFDR will involve granular reporting Principal Adverse Solution. Https: //www.nnip.com/en-INT/professional/about/principal-adverse-sustainability-impacts-statement '' > Principal Adverse Impact Solution | ISS < /a > SFDR continues to.... And Periodic reporting disclosures allow for sfdr pai mandatory indicators in reporting across funds 33 additional.! Voluntary indicators of which a FMP needs to pick one of each a proven scalable... Best efforts basis from 10 on asset managers prepare for the purposes of PAI disclosures under Art is... ( JC 2020 16 ) published on 23 April 2020. ; Y/N ( SFDR templates + criteria. March 2021 onward Solution comes as European asset managers prepare for the June 2022 deadline for mandatory SFDR disclosure enabling. Statement, due for publication under the Level 2 Rules by 30 June 2022 of this document s PAI requires! S ESG as early as today: data intelligence from IDS mandatory templates for pre-contractual and Periodic disclosures... Publishing PAI Statements in line with Article 4 SFDR will involve granular reporting > Overview + MiFID criteria ) are.

Install Chromium Mac Terminal, Eton Wing Collar Shirt, Bat Global Graduate Program 2022, Boxing At Mgm National Harbor, Sports Team Tier List, Haussmann Paris Apartment,