Prometeia’s Post

✨ Pillar 3 Disclosure and Climate Transition Risk: where do we stand?✨ With rising demand for ESG information, the European Banking Authority (EBA) now requires large banks to disclose ESG risks starting from 2023, with plans to include Less Significant Institutions. These disclosures, part of Pillar 3, were enhanced in 2024 with new templates detailing the Green Asset Ratio (GAR)🌿, showing the proportion of "green" exposures as per the European Taxonomy. 🔍Our analysis of 55 banks across 16 countries focuses on transition risks: 📈 WACI: The European average is 46 grams/euro, slightly up from 2022. Notably, the Netherlands has increased WACI due to a new bank's high exposure to carbon-intensive sectors. Austria maintains the lowest WACI at 18 grams/euro, and Italy stays well below the average. 📊 GAR: The average GAR is 5%, with Italy notably lower at 2%. Current GAR metrics may underrepresent banks with significant SME portfolios not subject to NFRD regulations. 🏠 Energy performance of collateral properties: A challenge remains in obtaining energy certifications for collateral properties, especially older ones. Lithuania and the Netherlands lead with over 50% certification, while Germany and Cyprus lag. Efforts are underway to standardize Energy Performance Certificates across Europe. 🌍 Future Developments: From June 2024, Pillar 3 reports will include the BTAR measure, which, alongside GAR, aims to provide a comprehensive view of banks' management of climate and transition risks. Regulatory efforts are enhancing data standardization and digitization, improving transparency and accessibility. ➡️ Read full article: https://lnkd.in/dt7j8QDE Francesca Bedetti @Martina Del Monte Sofia Maria Lauriola

#ESG regulation for #banks is a puzzle with more and more pieces piling up. Read our latest analysis of the state of the art.

📝 Today we publish our year-end report, and we’re pleased to share some key updates! As always, we have our dedicated team to thank for continuing to go above and beyond through 2023, and we look forward to what 2024 will bring.💫 We asked our CEO Liselott Johansson to share some insights from our latest report. ❇️ Has Greater Than grown in 2023? As well as Q4 being our ninth consecutive quarter of growth, net sales for the fourth quarter of 2023 increased by 112% compared to the same period last year. Our gross margin stands at 82%, up from 80% last quarter, and we have seen an increase in number of users of 102%. ❇️ What is driving the growth? We have had a nice growth during 2023, enhanced by an increased focus on Environmental, Social & Governance (ESG) reporting. Sustainability is no longer a “nice-to-have” and our AI plays a vital role to help solve the problem. New regulations, including CSRD, are aimed at making ESG reporting more transparent, with measurable targets and actions required. The result is rapidly growing demand for data that facilitates traceability and the setting of scientific KPIs, something our AI already achieves. ❇️ What were the business highlights of 2023? There were lots! We made many announcements about onboarding new customers and helping our existing customers to launch new products. The year was also pivotal for AI, in that we saw increasing recognition of its potential to drive positive change. On that note, it was fantastic to earn a place on several lists that highlight the way technology is helping businesses to meet challenges and achieve their goals; this included listings on the ESGFinTech100, InsurTech100 and AIFinTech100 lists. Another major highlight was being invited to join our partners, the Fédération Internationale de l’Automobile (FIA) to promote the FIA Smart Driving Challenge (FIA SDC) initiative throughout the United Nations’ Climate Change Conference, COP28. This included joining a discussion on the main stage, and in the Blue Zone, which hosts the formal climate negotiations. Last year’s event was the biggest event of its kind, with 85,000 participants. 🌟 See the full year-end report here ➡ https://lnkd.in/dnFe_3U5 #financialreport #business #innovation #artificialintelligence #aiforgood #SaaS #dataanalytics

Our year-end report, published today, highlights two recent significant developments in the market.💡📊   One, the fact that we have seen increasing recognition and trust of AI’s potential to drive positive change. Two, alongside this, demand for ESG data has steadily grown. And, now that stricter, broader, ESG regulations are in force, it’s clear that more organizations globally will seek AI-driven solutions to measure, act, and report on driver safety and climate impact. 🌍⚡   Key highlights from our year-end report include our AI being showcased at the United Nations’ Climate Change Conference, COP28. Not only did we join the main stage, but also exhibited in the Blue Zone – which hosts the formal climate negotiations – throughout the conference. Other key highlights from the report are some of the new products we have helped our customers to launch, including eDriving’s new ESG reporting solution that utilizes our climate impact insights to help fleets measure, act, and report on their CO2 emissions. Also, ABAX’s launch of an entirely new insurance brand that uses our data-driven insights to calculate prices based on risk, and for targeted customer feedback.   I’m pleased to share that, as well as Q4 being our ninth consecutive quarter of growth, net sales for the fourth quarter of 2023 increased by 112% compared to the same period last year. With a gross margin at 82%, up from 80% last quarter, I look back at 2023 and what the team has accomplished with pleasure. ✨   I am grateful for the incredible team at @Greater Than who are truly passionate about empowering our customers with insights that make a real difference. Well done team! 👏   Thank you also to our incredible customers who continue to impress us with the way they leverage our data insights to enhance their own product offerings, to uncover more value from their own customers’ GPS data and, ultimately, to contribute to a future with safer, more sustainable roads. 💚   To see our business and financial highlights in more detail, see our full year-end report ➡   #yearendreport #business #innovation #artificialintelligence #ai #aiforgood #dataanalytics

Incorporating AI with ESG data management is truly taking the right step into accurate data analysis of a company's ESG roadmap. A truly remarkable way to properly track ESG actions accurately and without further carbon footprint.

Aerospike's Subhashish Bose wrote about Singapore’s drive to promote Environmental, Social and Governance reporting in businesses, and how the spiraling costs and carbon footprints of inefficient data centers can dilute ESG objectives of major businesses. Have you connected your data plan to your ESG yet? #ESG #AerospikeRightNow #FinTech  Read here: http://gag.gl/pQO08u Follow Aerospike APJ to learn more.

Yesterday's #SMMTSummit offered a compelling update from the leaders of the UK's automotive sector on their strategies for business growth whilst delivering a net-zero transition in both vehicles and their supply chains. Despite the significant macro economic challenges of impending elections, the cost of living crisis and ongoing conflicts, the UK and Europe’s automotive companies are forging ahead, pioneering groundbreaking technologies and engineering, delivering advanced Hybrid and fully Battery Electric vehicles. A major consensus at the summit was the need for a fixed Net Zero timetable, with a passionate plea to politicians to avoid politicising this critical schedule. Establishing certainty is essential to instill the confidence needed to unlock the required investments at both corporate and state levels. From an #ESG perspective, it was enlightening to hear about the rising complexity of global ESG regulations and the critical importance of Supply Chain Mapping not only to meet reporting requirements, but also increasingly to permit export vehicles to pass through borders and customs. #Informatica’s 360 solutions for customers, products, and suppliers are swiftly becoming indispensable for organisations facing these challenges. This year marks the start of the phased implementation of #CSRD (Corporate Sustainability Reporting Directive). With FY2024 reports due in 2025 for approximately 50,000 EU companies, CSRD will eventually mandate annual reporting for nearly all companies with over 250 employees and a balance sheet total exceeding EUR 20M. Feel free to reach out to me directly for more information on how we can help bring this data together and ensure that it stays current and accurate. #data #AI #genAI #IDMC

The forces of change have never been stronger. As artificial intelligence accelerates, and ESG considerations command center stage, the time to act is now. This year, we’re proud to be at #WEF24 to join the conversation, roll up our sleeves, and meet the moment. Learn more about our #BainAtDavos participation and relevant insights.

The forces of change have never been stronger. As artificial intelligence accelerates, and ESG considerations command center stage, the time to act is now. This year, we’re proud to be at #WEF24 to join the conversation, roll up our sleeves, and meet the moment. Learn more about our #BainAtDavos participation and relevant insights.

The forces of change have never been stronger. As artificial intelligence accelerates, and ESG considerations command center stage, the time to act is now. This year, we’re proud to be at #WEF24 to join the conversation, roll up our sleeves, and meet the moment. Learn more about our #BainAtDavos participation and relevant insights.