Latest news with #EUTaxonomy
Entrepreneur
2 days ago
- Business
- Entrepreneur
Entrepreneur UK's London 100: GaiaLens
GaiaLens is an AI-powered Sustainability Analytics Platform for institutional investors and financial services firms Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. Industry: Sustainability GaiaLens is an AI-powered Sustainability Analytics Platform for institutional investors and financial services firms. Co-founded in 2021 by Gordon Tveito-Duncan (CEO) and Seb Kirk (Chief Operating Officer), the idea for GaiaLens was developed whilst co-founders were at City University, London, emerging as an effective, transparent and easy-to-use solution for asset managers. GaiaLens is led by a group of finance professionals, technologists, and academics who firmly believe that economic value creation can and should be combined with environmental stewardship, social inclusion, and sound governance. Acknowledging the frustrations of asset managers using other ESG rating platforms such as MSCI and Sustainalytics, where methodologies were often opaque, GaiaLens' innovative platform offered a suite of tools to help investors fulfil their ESG needs, including sustainability reporting, investment screening, and deep-dive research capabilities. GaiaLens has experienced significant growth over the past 12 months, having recently been named as an innovator transforming sustainability in finance in the ESGFinTech100 for the third year in a row. GaiaLens was also awarded funding from Fintech Scotland, which will fund the development of its Greenwashing Analytics solution, designed to help investors evaluate the greenwashing risk of funds and companies. Challenging the traditional 'one size fits all' approach to ESG reporting, GaiaLens has also developed a unique 'on-demand' reporting solution that provides ESG analysts instant access to its sophisticated AI-powered reporting system. It acts as a digital ESG analyst that can support investors throughout the ESG investment lifecycle and has saved them significant time. Sustainability Frameworks is the first module to be released by the technology team at GaiaLens, giving analysts access to the latest, highest quality ESG data available and generating SFDR, TCFD, EU Taxonomy and UN SDGs reports (and more) for portfolios/funds in a matter of seconds. Three further products, namely a GenAI-powered PDF Chatbot, a Greenwashing Risk Assessment tool and a Customisable Reporting tool, will expand the sustainability analytics platform further in the first half of 2025.
Yahoo
06-06-2025
- Business
- Yahoo
PEAC Solutions unveils Green Asset Finance framework
PEAC Solutions, a multinational asset finance platform, has introduced its Green Asset Finance framework. The solutions were developed in partnership with global climate consultancy the Carbon Trust. The framework offers its clients access to a suite of products to fund eligible assets including clean transportation, energy-efficient plants and machinery, recycling facilities, and assets supporting pollution control or the circular economy. PEAC Solutions managing director Steve Bolton said: 'At PEAC, we are committed to play our part in tackling the environmental challenges we all face, so we are proud to have collaborated with the Carbon Trust on this Green Asset Finance Framework. 'By funding products under the framework, we are financing assets that help our customers achieve their business and environmental goals with equipment that has a confirmed positive environmental impact.' Operating across the UK, Europe and the US, PEAC Solutions is a top ten lessor in the UK. The company provides financial solutions to equipment manufacturers, dealers and direct customers across various industries and asset classes. As of July 2024, PEAC's global lease portfolio exceeded $5.4bn (£3.99bn). Carbon Trust senior manager Toby Kwan said: 'The Carbon Trust was pleased to be able to support in the development of PEAC's Green Financing Framework. Green asset finance is an important factor in supporting and driving sustainable growth. 'The framework is aligned with best market practices including the EU Taxonomy, Climate Bonds Standard and ICMA Green Loan Principles – allowing PEAC to assess its financing and mobilise capital in a way that contributes to a sustainable, environmentally responsible future.' Last month, PEAC Solutions named Eileen Schoonmaker as president of the Americas, effective 16 June 2025. At the same time, the asset finance provider collaborated with Crane Payment Innovations (CPI), a Crane NXT company, to provide rental schemes for CPI's convenience services. "PEAC Solutions unveils Green Asset Finance framework" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
27-01-2025
- Business
- Bloomberg
Zooming in on the EU Taxonomy's value
EU Taxonomy alignment on the rise Bloomberg data shows that the number of companies reporting Taxonomy alignment increased by 27% between FY2022 and FY2023 (Figure 1). This increase was driven largely by EU financial firms that were required to report entity-level alignment for the first time. That said, the expansion of the Taxonomy dataset was broad-based from a geographical perspective, including from companies domiciled outside the EU (Figure 2). The size of the company universe matters because EU Taxonomy disclosures make it possible to create diversified portfolios and identify sustainability leaders. The threshold for companies with reporting requirements falls to 250 employees in 2026 (for reporting year 2025), so the Taxonomy universe -and its value to market participants- is set for further growth. Another key insight from our data is that large EU firms are becoming more sustainable. As Taxonomy requires the reporting of both revenue and capital expenditure that is aligned to the EU's green goals, it provides clarity on the green credentials of both the current performance and future investments of the company. The data shows that average revenue and capex alignment increased year-on-year in most sectors (Figures 3 and 4). The evolution of capital expenditure is particularly significant, since it suggests that the trend is accelerating as those investments bear fruit. This green shift is most evident in the Utilities sector, with an average capex alignment over 60%. The value of the EU Taxonomy will increase as more companies are set to report (under the growing scope of CSRD) and early stage usability problems are resolved. The low year-on-year variance of company alignment is indicative of the quality of reported data and enhances the value to portfolio managers of the EU Taxonomy as an investment screening tool. Bloomberg's Taxonomy dataset was expanded in January 2025 to include both reported and estimated alignment for the four remaining environmental objectives (water, circular economy, pollution, and biodiversity). The Bloomberg methodology for estimation relies exclusively on company-reported data to implement the technical screening criteria of the regulation, and the list of activities covered reflects the availability of company disclosures for a given objective. Of note, we consider some activities Companies tend to disclose more information on carbon emissions than on deforestation or water pollution, and this is reflected in low estimates for environmental objectives relative to those for climate objectives. The new models estimate Substantial Contribution using six input fields on average per model. The average disclosure of these input fields is 58%, and a single missing value can result in a failed test. As a result, market participants will see very conservative estimates from Bloomberg for a subset of activities eligible to the new objectives (note, over 3,400 companies are tested for estimated alignment to the 4 environmental objectives) until the standard of sustainability reporting improves in key jurisdictions around the world. What's next for taxonomies globally? The development of taxonomies in other countries and regions also signals the growing value of this type of data. Looking just outside the European Union, three non-EU countries have adopted the EU Taxonomy because they are members of the European Economy Area (EEA). A further 20 jurisdictions have published Taxonomy frameworks (some, such as Mexico, Brazil and Canada, have been inspired by the EU Taxonomy), a figure that doubles if we consider countries that are presently developing a Taxonomy. Mandatory taxonomies are the minority, with the recently –announced Brazilian Taxonomy, which will become mandatory for certain entities in 2026, being the only Taxonomy to require disclosures after the EU's. The International Platform on Sustainable Finance (IPSF), has focused its work on promoting interoperability between jurisdictional approaches to Taxonomy development, through initiatives such as the Multijurisdictional-Common Ground Taxonomy. Importantly, the IPSF can also play a critical role in facilitating dialogue between policymakers around equivalence and recognition frameworks for global taxonomies, to help streamline obligations for global market players having to comply with multiple regimes.
