KYC Provider Fenergo Launches ESG Compliance Solution for Financial Institutions
Know Your Customer (KYC) and Client Lifecycle Management (CLM) digital solutions provider Fenergo announced today the launch of a new solution aimed at enabling financial institutions to streamline operations for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. compliance and reduce regulatory and reputational risk.
The solution will enable firms to calculate climate, reputational and complementary ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risks and fulfill regulatory obligations, including the Sustainable Finance Disclosure Regulation (SFDR), which mandates firms to make a series of disclosures around the sustainability of their assets under management, and the Corporate Sustainability Reporting Directive (CSRD), which aims to bring sustainability reporting on a level with financial reporting.
The solution also covers reporting standards and disclosures such as the EU Taxonomy and the Task Force on Climate-Related Financial Disclosures (TCFD).
Edel Brophy, Director of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. and Regulatory Compliance, Fenergo, said:
“With ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. regulations now mandatory in the European Union and with other regions following suit, a net zero policy is almost obsolete if you do not have full transparency and can’t adequately prove it to the regulators. As the regulatory landscape continues to evolve, our ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. solution enables financial institutions to access standardised information on their clients quickly and efficiently and determine ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risk in line with mandatory disclosure and reporting requirements.”
According to the company, the new solution will allow financial institutions to streamline data capture for their clients and visualize supply chain hierarchies before applying accurate ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. ratings, and build client ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. profiles with information from external ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data providers before validating it against existing KYC documentation and controversy screening.
Stella Clarke, Chief Strategy Officer, Fenergo, said:
“The synergies that exist between KYC and ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. operating models and the overlap on data collection make CLM a natural home for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments.. Financial institutions can leverage existing processes, people and data for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments., creating a single client view and driving real, tangible efficiencies. This also provides financial institutions with the advantage of being able to quickly operationalize ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. compliance processes and meet regulatory obligations, thus protecting reputation and attracting ESG-conscious clients and talent.”
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