November 25, 2024 – Frankfurt, Germany Bank AG, a hybrid investment banking trade in Germany adopted Bloomberg’s AI ESG (Environmental, Social, Governance) data solutions for effective compliance with the Sustainable Finance Disclosure Regulation (SFDR).
It is great news as this will enhance Baader Bank’s capacity for asset management by harnessing AI, which is used to simplify entity-level ESG reporting for over 16,000 businesses worldwide…
The partnership reinforces Baader Bank’s existing relationships and heavy use of the Terminals, B-PIPE, and buy-side analytics units of Bloomberg’s data ecosystem.
Furthermore, the embedding of this AI-powered ESG data by Bloomberg interfaces the management of the company’s PAI disclosure to PAI indicators which are raison d’etre for any activity in sustainable finance.
“Regulatory compliance is a top priority for Baader Bank. Consistency of data and AI capabilities from Bloomberg was the reason for made decision”,
Said Jochen Ammer, CFA, Head of Fund Services at Baader Bank.
He added that the TFDR reporting visualization tool gives us a level of arrogance where we have full confidence in ourselves and what we need to say, we can say.
That is, you believe in our reporting processes and with that are strengthened to report necessary exposures and continue holding certain portfolio holdings. Bloomberg AI-based tools aim to make it easy for non-specialists to visualize data and increase the accuracy of reporting.
In this integration, Baader began the investigation of the asset due diligence on the sustainability of the asset yeah and in the process met EU requirements.
According to Nadia Humphreys, Global Head of Sustainable Finance Data Solutions at Bloomberg,
“We are integrated smoothly with their SFDR solutions since Bloomberg has experience in sustainability data and AI-powered investment workflows. It is our pleasure to empower Baader Bank because they have the focus on transparency and adhering to the regulations in the management of sustainable assets.”
This further highlights the growing importance of AI in ESG reporting for financial institutions seeking to comply with the requirements of sustainable finance.
What is your reaction?
