Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Environmental impacts
• Social and employee matters
• Respect for human rights
• Anti-corruption
• Anti-bribery
• Governance

Environmental Achievements

• Developed draft Regulatory Technical Standards (RTS) specifying content, methodologies, and presentation of sustainability-related disclosures under SFDR.

Social Achievements

• Developed draft RTS including indicators for social and employee matters, respect for human rights, anti-corruption, and anti-bribery matters.

Governance Achievements

• Established a framework for reporting on principal adverse impacts by June 30th each year, with a reference period of the previous calendar year.

Climate Goals & Targets

Environmental Challenges

• Lack of easily accessible and reliable sustainability data on the market.
• Data gaps, especially for Scope 3 greenhouse gas emissions.
• Methodological divergences in Scope 3 calculations.
• High cost of implementation, particularly for smaller financial market participants.
• Short timelines for implementation.
• Uncertainty regarding the content of pre-contractual disclosures.
• Complexity of information for retail investors.

Mitigation Strategies

• Developed harmonised templates for pre-contractual and periodic product disclosures.
• Phased-in approach for additional detail specified by the entity-level ‘principal adverse sustainability impacts statement’.
• Reduced the number of universal mandatory indicators and increased the number of opt-in indicators.
• Integrated the “actions taken” disclosure into the table with the principal adverse impact indicators.
• Provided separate indicators for impacts from investments in investee companies, sovereigns (and supranationals), and real estate assets.
• Consumer testing of templates in the Netherlands and Poland.
• Delayed the application date of the RTS to 1 January 2022.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SFDR, TCFD, GRI, PRI, SASB, OECD Guidelines for Multinational Enterprises, UN Guiding Principles on Business and Human Rights, International Labour Organisation’s declaration on Fundamental Rights and Principles at Work, eight ILO core conventions, International Bill of Human Rights, EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks, Taxonomy Regulation