Solution helps funds streamline ESG
reporting and meet SFDR requirements
NEW
YORK and LONDON,
Oct. 31,
2022 /PRNewswire/ -- To better support European asset
managers in meeting their compliance obligations for the upcoming
Sustainable Finance Disclosure Regulation (SFDR), global Fintech
leader Broadridge Financial Solutions (NYSE:BR) today
announced the launch of its new end-to-end managed service
solution.
Starting January 1, 2023, SFDR
requires asset managers to consider and disclose in a consistent
manner how ESG factors are adopted in their decision-making
processes. For Articles 8 and 9 funds, this includes a
Pre-contractual Disclosure (PCD), Periodic Disclosure (PD) and
Website Disclosure (WD).
Additionally, starting June 30,
2023, asset managers will also be required to produce a
Principal Adverse Impact (PAI) statement to determine the impact of
their investment decisions on sustainability factors.
"Asset managers continue to navigate a very complex and changing
regulatory landscape and are under increasing pressure to disclose
more ESG data to investors," said Afzal
Amijee, Commercial Director at Broadridge Fund Communication
Solutions. "We are excited to be bringing to market a fully managed
end-to-end ESG solution comprising SFDR and the European ESG
Template (EET) reporting requirements. This will enable asset
managers to efficiently provide data by leveraging automation and
existing network links amongst fund distribution channels to ensure
they have data and regulatory documents at the right time for their
end clients."
Designed for asset managers looking after EU-domiciled funds,
and UK funds being marketed to EU investors, Broadridge's new
managed service solution offers comprehensive support for all
aspects of the composition, production, translation, and hosting of
required disclosures under SFDR — including PCD, PD, WD and PAI —
as well as maintenance and distribution of the European ESG
templates.
Documents can be translated into 35 different languages in line
with requirements, and distributed across a variety of channels,
including embedded URLs or a document library, for dissemination to
platforms or additional end points.
Broadridge Fund Communication Solutions provides a comprehensive
digital platform and has a proven track record of supporting the
life cycle of fund data, documents, and regulatory reporting for
the global asset management industry. It manages and distributes
data for over 1,000 global fund groups and supports over 200
million fund data requests each year, in over 35 languages.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance and communications to enable better
financial lives. We deliver technology-driven solutions that drive
business transformation for banks, broker-dealers, asset and wealth
managers and public companies. Broadridge's infrastructure serves
as a global communications hub enabling corporate governance by
linking thousands of public companies and mutual funds to tens of
millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than U.S. $9 trillion
of equities, fixed income, and other securities globally. A
certified Great Place to Work®, Broadridge is part of the S&P
500® Index, employing over 14,000 associates in 21 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
CONTACT: Gregg Rosenberg,
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.