Germany’s Baader Bank has adopted Bloomberg’s ESG data to assist with its reporting needs under the Sustainable Finance Disclosure Regulation (SFDR). By using Bloomberg’s SFDR data solution, Baader Bank will be meeting the entry-level SFDR reporting requirements, which it is subjected to as an outsourcing partner of asset management companies for fund products.
Entry-level SFDR reporting requires “high quality and complete data, including the disclosure of principal adverse impact (PAI) indicators”, states Bloomberg in a press release. Its SFDR data solution covers more than 16,000 companies globally with research and analytics that span regulatory solutions, carbon emissions, sustainable debt, scores, indices, climate risk, and more. It has been designed to map company reported ESG data to PAI indicators.
With the partnership, Baader Bank will be building on its use of Bloomberg products, which already includes Bloomberg Terminals, Data License, B-PIPE, and integrated buy-side workflow, execution, automation, and analytics solutions.
