Refinitiv and City Clarity AI Partner to Develop SFDR Reporting Solution

City Clarity AI, the leading global sustainability tech platform, announced today that it has partnered with Refinitiv, a London Stock Exchange Group (LSEG) business, to develop SFDR Reporting Professional.

The SFDR is a key component of the EU's Sustainable Finance Action Plan, which aims to encourage capital to flow towards companies and activities that support the EU's environmental and social objectives. It requires financial institutions to disclose the "Principal Adverse Impacts" their investments have on social and environmental issues and also applies to those who market sustainable investment products to make additional product-level disclosures.

"We are excited to partner with the team at LSEG to bring our market-leading SFDR data coverage and reporting capabilities to an even broader base of clients," said Rebeca Minguela, Founder and CEO of Clarity AI. "LSEG serves thousands of asset managers who will have to report on SFDR, and accuracy will be key - especially in the environment of high regulatory scrutiny surrounding ESG and sustainability."

The SFDR Reporting Professional will feature combined capabilities leveraging market-leading data coverage of over 50,000 companies. It is complimented by LSEG's comprehensive range of reported data on ESG, fundamentals, funds and sovereigns.

"SFDR is placing additional reporting requirements on those marketing sustainable investment products and many are requiring comprehensive reporting tools to help them comply. As a provider of some of the most comprehensive sustainability data and indexes available, we are committed to developing leading edge capabilities working with leading specialist sustainability players," said Cornelia Andersson, Group Leader, Sustainable Finance and Investment at LSEG. "Partnering with Clarity AI ensures our clients will have the best possible information and capabilities available to them for SFDR reporting, and we're already exploring future opportunities for collaboration with Clarity AI."