Bloomberg, a major provider of business and financial markets information services, has introduced a new dashboard in its Sustainable Finance Disclosure Regulation solution. The dashboard aims to help fund managers choose investments that comply with the SFDR’s reporting requirements for principal adverse impacts.
The Sustainable Finance Disclosure Regulation of the European Union creates uniform guidelines for financial market participants to be transparent about integrating sustainability risks and considering adverse sustainability impacts. One of the regulation’s main demands, which is difficult for asset managers, is reporting on Principal Adverse Impacts (PAI) of investment decisions on various sustainability factors, including climate and environment, social and employee matters, human rights, and anti-corruption and anti-bribery.
Bloomberg claims that its new dashboard allows companies to analyze and monitor the underlying companies in their funds compared to a group of similar firms across various environmental, social, and governance criteria. In addition, the SFDR solution combines Bloomberg’s data with information from other providers, such as ESG Book’s data on controversial weapons and UNGC violations and Freedom House’s data on civil liberties and political rights.
Bloomberg has also announced that its PORT analytics solution now includes SFDR data, which allows investors to evaluate investments and comply with regulatory reporting requirements.
