Achieve Compliance with the EU Action Plan on Sustainable Finance
With the EU Action Plan on Sustainable Finance, the EU is taking a leading role in fighting climate change and addressing social issues by developing regulations – SFDR and EU Taxonomy – to finance sustainable growth. The aim is to reorient capital flows towards sustainable investments, to manage financial risks stemming from climate change, environmental degradation and social issues and to foster transparency.
At SIX we support our clients in achieving regulatory compliance by sourcing and providing high quality ESG Regulatory Data sets to enable them to easily comply with the ESG reporting and disclosure requirements under Sustainable Finance Disclosure Regulation (SFDR) and the EU Taxonomy.
How You Will Benefit
Proven Regulatory Data Competence
Our ESG data sets leverage our renowned reference data, so you can easily stay compliant with clean, enriched, high quality data
One Reliable Data Source
Reduce the complexity of your workflows with one source of data to cover your ESG reporting and disclosure obligations
With easy access to our complete, accurate data sets, you can free up internal resources to focus on what you do best
High-Quality ESG Regulatory Data from SIX
Under SFDR and the EU Taxonomy Regulation (TR), financial services firms are required to disclose specific information on their approaches to the integration of sustainability risks and the consideration of adverse sustainability impacts of their investments. These regulations concern financial market participants in Europe and beyond, resulting in more transparent ESG reporting and disclosure of sustainability metrics and a need for high-quality data in the back, middle and front office of financial services firms. SIX has well-established expertise and an excellent reputation for implementing regulatory data within given timeframes, e.g. MiFID II and PRIIP.
Special Report: Meeting the Data Challenges of Europe’s ESG Regulatory Landscape
The EU’s ESG reporting regulations continue to evolve and represent the biggest recognition yet by any international authority of the role that financial institutions will play in achieving the EU’s sustainability goals. Key to compliance will be the use and integration of non-financial ESG data into firms’ workflows. Learn more in our Special Report about how you can reduce the complexity of your EU ESG regulatory disclosures.
About This Service
We currently offer ESG Regulatory Data for the Sustainable Finance Disclosure Regulation (SFDR) and Taxonomy Regulation (TR). Learn more in the section below.
Sustainable Finance Disclosure Regulation (SFDR)
While it is mandatory for manufacturers of financial products and investment firms to disclose relevant ESG factors, issuers of equity and debt instruments (‘investee companies’) are not obligated to do so under SFDR, resulting in missing data, lack of granularity and having to source ESG data from a wide range of providers and issuers. SIX sources the required data and maps it to the respective companies as well as to the underlying ISINs (if appropriate), while also leveraging already existing regulatory offerings and our well known high quality reference data.
With our service for SFDR-related data, manufacturers of financial products and investment firms can rely on complete, clean, enriched, high quality data that can be used in the back, middle and front office of financial services firms and for easy and accurate ESG reporting and disclosure.
Taxonomy Regulation (TR)
As part of the EU Action Plan on Sustainable Finance, the EU Taxonomy Regulation aims to define and standardize criteria for identifying companies’ sustainable activities, requiring financial institutions in the EU to disclose specific sustainability metrics of their economic activities. At SIX, we provide a high quality EU Taxonomy data set, which includes information from large and listed companies and manufacturers of financial products, so that you can accomplish your regulatory ESG reporting and disclosure obligations with ease.
EU ESG Manufacturer Data (EET - European ESG Template)
The EU Action Plan on Sustainable Finance has impacted many existing regulations in addition to bringing in new ones. Under SFDR, PAI (Principal Adverse Impact) disclosures on product level are mandatory as of 1 January 2023 for ESG focused products (e.g. Art. 8 and 9 funds).
The EU ESG Manufacturer dataset from SIX contains ESG information on Funds and Structured Products sourced from the issuers (manufacturers) of these financial products to support our clients in fulfilling requirements under EU SFDR, EU Taxonomy as well as MiFID and IDD. The main source for the data is the EET (European ESG Template).
Examining the EU’s Financial Policy Framework on Sustainable Finance
Sourcing high quality data for your ESG reporting and disclosure requirements to comply with the EU Action Plan on Sustainable Finance can be a major challenge but it does not have to be this way. Watch the webinar to discover how SIX can help you easily achieve compliance.