ISS ESG Launches Tool to Help Banks Estimate Portfolio Emissions to Meet Sustainability Reporting Requirements

ISS ESG, the sustainable investment division of ISS STOXX, has launched a new Industry Average Emission Intensity Data Set to assist banks and insurance companies in meeting climate reporting requirements, such as the EU’s Corporate Sustainability Reporting Directive (CSRD) and the European Banking Authority (EBA) Pillar 3 ESG Disclosures. This tool helps estimate emissions for non-listed companies, SMEs, and alternative investments, providing industry emission intensity averages based on NACE and GICS classifications. It supports banks in estimating emissions for large portfolios where data is limited. ISS ESG plans further updates to its Climate Solutions to aid financial institutions in complying with various climate disclosure requirements, including offering portfolio-level metrics for up to 22 scenarios from leading models like the IEA and NGFS. Resources: https://www.esgtoday.com/iss-esg-launches-tool-to-help-banks-estimate-portfolio-emissions-to-meet-sustainability-reporting-requirements/