The Investing and Saving Alliance has launched a Best Practice Guide to assist industry participants looking to complete the European ESG Template.
The EET is a cross-sectoral template comprising the views of the banking, asset management, structured product, insurance and pensions industries. It was developed as an industry initiative designed to standardise data exchange between these industry participants.
The TISA EET Best Practice Guide is designed to specify the data required for each section in the first phase of the EET from an operational perspective and therefore to allow for easy adoption of the EET. It will outline the regulatory requirements the data is designed to meet and the preferred methodologies for use in completing the EET.
Jeffrey Mushens, technical policy director at TISA, said: “The creation of the EET template was a vital step towards making ESG reporting transparent, straightforward and comparable. That the industry came together in such an efficient and effective way was a key moment in the implementation of ESG requirements and therefore a vital step towards improving the sustainability of our industry.
“However, practical implementation of the EET can pose several operational questions. This Best Practice Guide will support a smooth and seamless adoption of the template across the industry and we are therefore very pleased to be able to play our part and support our industry.”
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