New Moody’s ESG Solutions Tool Helps Meet EU Taxonomy Requirements – Valdosta Daily Times

New Moody’s ESG Solutions Tool Helps Meet EU Taxonomy Requirements Valdosta Daily TimesRead More

LONDON—-(BUSINESS WIRE)–Oct 21st 2021–Moody’s ESG Solutions launched EU Taxonomy Alignment Screening today. This new data solution is designed to assist market participants in meeting the disclosure requirements of the EU Taxonomy Regulation (EU). Moody’s developed its tool from scratch. This is a unique approach that sets Moody’s apart in this space. It ensures that the underlying data matches the technical criteria of EU Taxonomy. Sabine Lochmann (Global Head of Moody’s ESG measures) said that the responsible investment landscape is constantly evolving due to new standards in disclosure practices and increased demand for ESG-labelled goods. “EU Taxonomy Alignment Screening” is the latest addition in our suite of regulatory data solutions. It helps market participants navigate regulatory requirements, create innovative products, and supports efforts to build a more sustainable economic system.
The EU Taxonomy is a unique classification system that identifies environmentally sustainable activities. It is an important tool to ensure Europe meets its climate commitments under Paris Agreement. Market participants will be expected to report on how their activities align with the EU Taxonomy criteria over the next few years and develop more taxonomy compatible products and services. The EU Taxonomy Alignment screening by Moody’s provides comprehensive data covering the three key components of the regulation, Substantial Contribution and Do No Significant Harm, as well as the minimum social safeguards. Today, the screening covers all 100 of the activities outlined in the EU Taxonomy, and this will continue to expand as the regulation evolves to cover more environmental and social objectives.The new solution complements the SFDR PAI Dataset, which Moody’s released in June 2021 to help market participants meet the requirements of the EU’s Sustainable Finance Disclosure Regulation.To learn more, visit moodys.com/esg-measures.ABOUT MOODY’S ESG SOLUTIONSMoody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody’s Investors Service and Moody’s Analytics to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.For more information visit Moody’s ESG hub at www.moodys.com/esg.View source version on businesswire.com:https://www.businesswire.com/news/home/20211021005429/en/CONTACT: Moody’s ESG Solutions:Lisa Stanton

MD-Global Sales Lead/ESG+1 (415) 874-6000Lisa.Stanton@moodys.comMedia inquiries:Tim WhatmoughVP-Communications+33 (153) 303-385Tim.Whatmough@moodys.comKEYWORD: EUROPEINDUSTRY KEYWORD: PROFESSIONAL SERVICES ENVIRONMENT FINANCE CONSULTING BANKING ACCOUNTINGSOURCE: Moody’s ESG SolutionsCopyright Business Wire 2021.PUB: 10/21/2021 04:06 AM/DISC: 10/21/2021 04:06 AMhttp://www.businesswire.com/news/home/20211021005429/en