Credit risk analysis and management firm Cerved has partnered with Greenomy to help Italian companies ensure compliance with new EU sustainable finance.
According to Greenomy – an ESG market infrastructure firm – it will help Cerved comply with new regulations such as EU Taxonomy, CSRD and SFDR.
This agreement widens Cerved’s range of ESG services, which are developed in synergy with the Cerved Rating Agency, the Italian rating agency that specialises in both credit ratings of non-financial companies and sustainability ratings of companies and financial institutions.
Through this deal, Cerved’s corporate and financial institution clients will be provided an end-to-end solution to perform a more complete risk assessment and help mitigate their climate risk.
The Greenomy ecosystem enables corporates to screen their economic activities and measure their alignment with the EU Taxonomy by Turnover, CapEx, and OpEx.
Financial institutions will be able to screen their portfolios to ensure compliance with the EU Taxonomy and compute their Green Asset Ration and Banking-Book-Taxonomy-Alignment Ratio and seamlessly generate their required ESG reporting.
This ultimately will enable them to direct funds and the financing of sustainable projects and accelerate the transition to a net-zero economy in line with the EU Green Deal.
Cerved CEO Andrea Mignaelli said, “Supporting institutions, communities and businesses – in short, the national economy – to protect itself from risk and to grow sustainably is the mission of our group.
“Even small and mid-sized companies will need to be able to measure their ESG results if they want to attract capital and access credit, both in Italy and abroad, because investors and banks are gravitating more and more towards companies that can provide credible sustainability measurements. In this respect, Cerved is on the front line, providing the most advanced solutions, technology and skills.”
Alexander Stevens – CEO of Greenomy – added, “The transition to a more sustainable economy is the challenge of the decade, we are delighted to work with an organisation that shares this vision. Together with Cerved, we look forward to enabling Italian corporates and financial institutions connect to our ESG Market Infrastructure, allowing them to measure their sustainability, mitigate climate risk and allocate capital to greener activities.”
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