June 2022 (Updated January 2023)
TISA has launched a good practice guide to assist industry participants who wish to complete the European ESG Template (EET).
What is the EET?
The EET is a cross-sectoral template comprising the views of the banking, asset management, structured product, insurance and pensions industries. It has been developed as an industry initiative designed to standardise data exchange between these industry participants. It is designed to help support meeting the regulations and there is no requirement to use the template in order to comply with regulation.
What is the purpose of the Best Practice Guide?
The guide is designed to clarify the data that is required for each section in the first phase of the EET from an operational perspective. It will outline which 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.”
“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 AND SUPPORT OUR INDUSTRY.”
READ THE FULL ARTICLE HERE.
With thanks to TISA’s UK Distributor EET Working Group who have contributed to and/or were consulted in developing the recommendations in this guide. The group was chaired by Kyra Brown of Kandor Consultancy.
The guide is not designed to provide background to, or interpretation of regulation beyond what is necessary to complete each section.
FinDatEx aims to be inclusive, open and transparent to all EU financial services representatives from all sectors affected by the standardisation process. FinDatEx templates are not compulsory, provided to the industry free of charge and are free of any intellectual property rights.