Unlock the Power of Fenergo ESG Compliance
Discover how financial institutions can leverage existing processes, people and data for ESG, creating a single client view and driving real, tangible efficiencies.
Manage Compliance and Reduce Risk
Future-proof compliance with upcoming additions and amendments to ESG-related regulations and standards, including SFDR, CSRD, EU Taxonomy, TCFD, GRI, ISSB, UNGC and more.
Improve Operational Efficiencies Through Increased Automation
Efficiently absorb ESG into your existing Client Lifecycle Management (CLM) solution and eliminate silos. Increased automation reduces manual rekeying of data from various data sources and systems, improving process and data accuracy.
Unlock Revenue Potential With Existing and New Clients
Fenergo ESG Compliance enables your firm to unlock the potential to retain existing customers and attract new clients who are becoming more socially and environmentally conscious in their banking and investment choices.
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Solve ESG Compliance With Fenergo
Fenergo ESG Compliance is an API-first SaaS-based solution which financial institutions can implement standalone, or as part of Fenergo's end-to-end CLM platform.
With a pre-packaged ESG regulatory framework, the solution automatically alerts your teams to the regulations in-scope for clients and the documentation and data required, in a series of simple, intuitive steps.
It contains out-of-the-box integrations with key ESG data providers, firms can collect data for scope two and three emissions for supply chains where available.
With Fenergo ESG Compliance, You Can:
Comply With ESG Regulatory Requirements
Complete with dedicated ESG workflows, and rules engine, Fenergo ESG Compliance gives financial institutions peace of mind with future-proofed compliance and coverage for evolving ESG regulatory requirements and standards including SFDR, TCFD, CSRD, UNGC and more.
Digitally Capture ESG Data & Document Requirements
With Fenergo ESG Compliance, financial firms can incorporate dynamic, rules-driven, dedicated ESG data capture, document requirements and related party rules into existing operating models.
Automatically Acquire & Re-Use ESG Data
By leveraging integrations to Fenergo’s market leading ESG data provider partners, you can automate and enhance ESG data collection and ratings. Thanks to powerful APIs, your operational and compliance teams can also easily re-use client and related party data from existing KYC and MDM systems.
Simplify ESG Ratings & Calculate Risk Assessments
Fenergo’s Entity Classification calculator dynamically assigns individual and aggregate E, S and G ratings to each entity. It also automatically calculates climate risk, reputational risk and complementary ESG risks.
Identify & Visualize Supply Chain Hierarchies
Fenergo’s Related Party Manager helps to identify and visualize complex supply chain hierarchies and directors. It enables financial firms to optimize efficiencies and reduce silos between operational teams.
Make Changes Easily & Instantly Through No-Code Configuration
Fenergo’s dedicated, intuitive Configuration User Interface gives your business users the power to make changes easily and instantly to ratings models, data sets, workflows and more, to fit with your organization’s operating model, without needing IT support.
Client Success Stories
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FAQs
What are the key ESG regulations and ESG standards?
There are multiple regulations and standards in play for ESG in financial services. In the EU, the Corporate Sustainability Reporting Directive (CSRD) the Sustainable Finance Disclosure Regulation (SFDR), and the EU Taxonomy are the key pieces of legislation. There are also important guidelines coming from the SEC in the USA, from MAS in Singapore, and from multiple other jurisdictions.
There are many ESG compliance standards at play, with the International Sustainability Standards Board(ISSB), and the Task Force on Climate-related Finance Disclosures (TCFD), as well as GRI, UNGC, and more
What are best practices in ESG compliance for financial institutions?
The process for ESG in banking is ideally embedded into existing client lifecycle management processes, through re-use of common data, leveraging market data, efficient management of customer outreach, and investing in good technology in order to reduce manual effort for as many components of the ESG compliance process as possible. ESG compliance is a key point, with future-proofed regulatory coverages baked into ESG solutions.Read our latest blog on ESG: A Roadmap to Compliance in 2023
How should SFDR and CSRD compliance be brought into the operating model?
Ideally ESG solutions will be capture CSRD and SFDR information as part of the customer due diligence process. Typically middle office teams are empowered to do much of the data gathering, with specialist areas and clients escalated to expert SMEs.
Using ESG rating providers
There are a huge number of ESG ratings providers in the market, with various methods of calculating their proprietary scores. This ranges from analysing public available information, to assessing news reports about firms, all the way to parsing social media mentions to determine user sentiment.
The challenge with the market is that there is a huge variety in ESG scores - what might be a 30 in one solution will be 80 in another ESG solution. The best practice for ESG in banking is to bring the ratings in-house, and to calculate a score based on hard data that is traceable.Rating models can also be personalised to the Financial Institution’s own risk appetite and world view.
Got an ESG Question?
Contact us and talk to one of our ESG experts about how you can manage ESG compliance obligations efficiently and effectively.
