Analytics and reporting solutions firm Confluence has announced that it will use Intercontinental Exchange’s (ICE) ESG data in its ESG Sustainable Finance Disclosure Regulation (SFDR) solution.
The partnership aims to give asset managers a single compliance reporting solution that will reduce the time and cost of compliance. The offering follows a 2018 collaboration, in which the firms worked to help companies meet Securities and Exchange Commission (SEC) modernisation reporting requirements.
Part of ICE’s wider ESG data set, the firm’s data solution provides granular values and event-triggered updates for both Principal Adverse Indicators and more than 1.4 million fixed income securities from both corporate and sovereign entities.
Damian Handzy, managing director of performance for risk and analytics at Confluence, comments: “With increasing demands for ESG data and insights, Confluence ESG Solutions integrated with ICE ESG data are uniquely positioned to offer greater ESG portfolio insights and help clients meet regulatory compliance requirements. We are excited about this partnership for the operational efficiency gains in front-to-back offices it can bring to our asset manager and asset servicer clients.”
Anthony Belcher, vice president of sustainable finance at ICE, adds: “This combination brings front-to-back office ESG performance analytics and compliance reporting to the investment management industry, helping customers address complex regulatory requirements without the need to spend time and money integrating data with a reporting solution.”
