Author: Euroclear, MFEXbyEuroclear and Greenomy
MFEX by Euroclear is teaming up with Greenomy to launch a new service to ease the EU Taxonomy-related reporting process for ESG asset managers and distributors.
There is a wider role to play here, too – in helping the development of sustainable finance. The MFEX by Euroclear/Greenomy service will contribute to the scaling of the solution, hopefully establishing a trusted baseline for assessing a security’s ESG credentials. Both investors and issuers need more widely accepted standards in the ESG marketplace. Comparable metrics lie at the heart of that task, while common language and user-friendly processes are equally important in fostering ESG engagement.
With worldwide networks, MFEX by Euroclear plus the Greenomy solution, and the information flows we receive from asset managers, the entities are well placed both to help countries develop their ESG taxonomies and to bring together the varying ESG frameworks already in place.
The development of this solution relied heavily on the cooperation between our different entities. Generally speaking, the incorporation of MFEX into Euroclear has enabled us to offer end-to-end services to asset managers and distributors and to be closer to their needs. This partnership helps us further develop our business in a pragmatic way
states Vincent Clause, Head of Global Funds.