With imminent EU regulatory reporting deadlines looming for all affected financial market participants, ISS ESG, the responsible investment arm of Institutional Shareholder Services Inc. (ISS), today augmented its ISS ESG SFDR Principal Adverse Impact Solution with unadjusted gender pay gap data related to an assessment universe of around 8000 companies, dependent on company disclosure. To see a snapshot of this year’s trends please click here.
The ISS ESG SFDR Principal Adverse Impact Solution was originally launched in April 2021 to enable Financial Market Participants to comply with the new EU Sustainable Finance Disclosure Regulation and report on Principal Adverse Impacts, for products and portfolios distributed in the EU. ISS ESG provides automated portfolio reporting to facilitate investors’ compliance with Sustainable Finance Disclosure Requirements (SFDR). This includes reporting against specific Principal Adverse Impact (PAI) indicators, as well as supporting clients in taking a data driven approach to level 1 qualitative disclosures, taking into account sustainability risks and addressing broader adverse impacts of their investments. The report also helps to justify the classification of financial products into article 6, 8 and 9.
Dr. Maximilian Horster, Head of ISS ESG said: “Incorporating unadjusted gender pay gap data into SFDR reporting requirements has hitherto been a particular challenge for affected financial market participants who are required to address this important area, under the regulatory framework. This latest enhancement allows ISS ESG clients to integrate data on all mandatory corporate PAI indicators.” He added: “Navigating the complexities of the new ESG-related rules is now easier – upload your portfolio to ISS ESG’s online DataDesk platform and at the click of a button, get relevant and actionable insights regarding your portfolio’s regulatory compliance.”
ISS ESG’s enhanced reporting solutions are designed to address a multitude of regulatory requirements, while deriving maximum value from ISS ESG’s proprietary data and methodologies. The intuitively designed reports’ key data and findings are presented through a combination of data visualization and raw numerical values in a tabular format which address numerous potential use cases and applications of regulatory data.