Sustainability-focused data, analytics, and investment solutions provider Impact Cubed announced today the launch of a new tech-enabled solution to help investors meet the European Union’s Taxonomy disclosure requirements.
The EU Taxonomy, part of the EU Action Plan on Sustainable Finance, is a classification system enabling the categorization of economic activities that play key roles in contributing to at least one of six defined Environmental criteria consider how a company performs as a steward of nature. More objectives, starting with climate change mitigation and climate change adaptation, and no significant harm done to the other objectives. The rules are intended to counteract greenwashing, spell out the criteria for green investment and require market participants to disclose how they are aligned with them.
Developed through consultation with EU and U.S. investors, the new solution includes data, portfolio analytics, and ready-made regulatory reports to enable investors to assess companies against EU Taxonomy criteria and build more sustainable portfolios. The solution complements Impact Cubed’s SFDR PAI solution launched last year, which helps investors meet the requirements of the EU’s Sustainable Finance Disclosure Regulation.
The company’s platform offers tech-enhanced tools to screen companies or funds, create ready-made compliance reports, or build investment products aligned with the EU Taxonomy criteria. Investors can also use Impact Cubed’s estimation and science-based proxy data which offers a holistic picture of a portfolio’s alignment, even if reporting is low.
Antti Savilaakso, Head of Research at Impact Cubed, said:
“As investors, we understand the importance of robust data and the complexity of company reporting. Our quantitative Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More and impact models raised the industry standard and were built to assess company business activities in a more objective, granular way with global coverage, which gives us an edge when dealing with EU Taxonomy criteria and compliance reporting.”
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