Empowers Financial Institutions to Fulfill Complex Mandatory Disclosure Framework Requirements
LONDON (July 31, 2024) – ISS ESG, the sustainable investment arm of ISS STOXX, today announced a major augmentation of its evolving suite of Climate Solutions, which includes a new Industry Average Emission Intensity data set. The new data set supports banks and insurance companies that need to comply with mandatory climate-related disclosure frameworks, such as the Corporate Sustainability Reporting Directive (CSRD) and European Banking Authority (EBA) Pillar 3 ESG Disclosures. The Industry Average Emission Intensity data set has been developed in line with the EBA Pillar 3 Template 1 reporting requirements and leverages ISS ESG’s broadest and deepest coverage as well as sophisticated emissions modeling techniques.
The new data set, which is sector-based, enables users to estimate emissions for non-listed companies, small and medium enterprises, and other alternative investments. In particular, it enables banks to estimate emissions for large portfolios of companies where data is scarce in support of EBA Pillar 3 reporting. The data set provides industry emission intensity averages which follow PCAF recommendations on a global and regional basis and comprises NACE and GICS industry classifications.
“Banks continue to face tight implementation deadlines, in tandem with data scarcity, among other challenges, to meet the regulatory requirements set out by the EBA standard,” said Till Jung, Head of ESG Business at ISS STOXX. “ISS ESG has applied its wealth of experience in measuring physical and transition-related climate risks, regulatory alignment, and much more, to develop a broad and deep dataset, to help streamline banks’ EBA Pillar 3 ESG reporting.”
Other key upcoming enhancements to ISS ESG’s Climate Solutions are designed to help financial institutions respond to a broad spectrum of both mandatory and voluntary climate-related disclosure requirements. These include building on the comprehensive Scenario Alignment issuer-level data set that was released in March 2024, to offer key portfolio-level alignment metrics for up to 22 scenarios provided by leading models (IEA, the NGFS, and the UNEP OECM). These metrics include, among others, portfolio-level Implied Temperature Rise.
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About ISS ESG
ISS ESG solutions enable investors to develop and integrate sustainable investing policies and practices, engage on sustainable investment issues, and monitor portfolio company practices through screening solutions. ISS ESG also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. For more information, please visit us at: www.iss-esg.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
ISS ESG Augments Climate Solutions to Include Industry Average Emission Intensity Data
Empowers Financial Institutions to Fulfill Complex Mandatory Disclosure Framework Requirements
LONDON (July 31, 2024) – ISS ESG, the sustainable investment arm of ISS STOXX, today announced a major augmentation of its evolving suite of Climate Solutions, which includes a new Industry Average Emission Intensity data set. The new data set supports banks and insurance companies that need to comply with mandatory climate-related disclosure frameworks, such as the Corporate Sustainability Reporting Directive (CSRD) and European Banking Authority (EBA) Pillar 3 ESG Disclosures. The Industry Average Emission Intensity data set has been developed in line with the EBA Pillar 3 Template 1 reporting requirements and leverages ISS ESG’s broadest and deepest coverage as well as sophisticated emissions modeling techniques.
The new data set, which is sector-based, enables users to estimate emissions for non-listed companies, small and medium enterprises, and other alternative investments. In particular, it enables banks to estimate emissions for large portfolios of companies where data is scarce in support of EBA Pillar 3 reporting. The data set provides industry emission intensity averages which follow PCAF recommendations on a global and regional basis and comprises NACE and GICS industry classifications.
“Banks continue to face tight implementation deadlines, in tandem with data scarcity, among other challenges, to meet the regulatory requirements set out by the EBA standard,” said Till Jung, Head of ESG Business at ISS STOXX. “ISS ESG has applied its wealth of experience in measuring physical and transition-related climate risks, regulatory alignment, and much more, to develop a broad and deep dataset, to help streamline banks’ EBA Pillar 3 ESG reporting.”
Other key upcoming enhancements to ISS ESG’s Climate Solutions are designed to help financial institutions respond to a broad spectrum of both mandatory and voluntary climate-related disclosure requirements. These include building on the comprehensive Scenario Alignment issuer-level data set that was released in March 2024, to offer key portfolio-level alignment metrics for up to 22 scenarios provided by leading models (IEA, the NGFS, and the UNEP OECM). These metrics include, among others, portfolio-level Implied Temperature Rise.
###
About ISS ESG
ISS ESG solutions enable investors to develop and integrate sustainable investing policies and practices, engage on sustainable investment issues, and monitor portfolio company practices through screening solutions. ISS ESG also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. For more information, please visit us at: www.iss-esg.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
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