Fitch Group’s sustainability-focused analytics business Sustainable Fitch launched its ESG Regulations and Reporting Standards Tracker.
The tool looks to monitor significant regulatory developments in the ESG ((environment social governance) space, including sustainable taxonomies, ESG and climate disclosure regulations, and ESG fund requirements.
The new downloadable Excel-based database will be updated quarterly and maintained by Sustainable Fitch’s research team.
Information will be collected from sources including government statements, media reports, participation in sustainable finance working groups, and others.
In addition, the tool will track reporting frameworks and standards and aim to provide guidance on new regulatory ESG-related issues affecting issuers and investors.
A report released by the company accompanying the launch highlighted several of the most recent regulatory developments, including progress on sustainable taxonomies in the EU, Brazil, Mexico, and the ASEAN region.
It said there is an increased focus on greenwashing by regulators including in India, Japan and South Korea, and movement towards mandatory corporate climate disclosure requirements in jurisdictions such as Canada, Hong Kong, and New Zealand.
In the report, Sustainable Fitch said, “ESG regulations have continued to make headways worldwide in 2023, with sustainable taxonomies, mandatory climate disclosures and ESG fund rules rapidly gaining ground.”
Fitch Group’s core focus is credit ratings, commentary, and research while Sustainable Fitch specialises in providing data-driven sustainability analytics, highlighting a company’s commitment to integrating sustainability principles in financial services.
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