The financial industry faces increasing stakeholder demands as well as regulatory requirements to report and transparently publish objective information regarding sustainable and green investments.
New regulations and frameworks are being approved and implemented around the world. These new regulations include the Corporate Sustainability Due Diligence Directive (CDDD), the Corporate Sustainability Reporting Directive (CSRD), the Non-Financial Reporting Directive (NFRD), the Sustainable Finance Disclosure Regulation (SFDR), the Task Force on Climate-Related Financial Disclosures (TCFD), and the Taskforce on Nature-Related Financial Disclosures (TNFD). The EU is also adopting a new regulation on deforestation-free supply chains.
Business practices have to change to comply with these new regulations, and to keep with the times when general awareness of climate change and its impact is well spread throughout the world. The profound effect of climate change on the economy, societal priorities and cultural perspectives need a change of mind from all sectors and move towards a sustainable business model and a circular economy.
The financial industry report on their portfolio using ESG metrics. But to have access to timely and relevant information and to be sure that this information is reliable is a challenge. Satellite imagery is a powerful tool for providing independent and trusted data. Satellites can offer quantitative, measurable and objective data.
GlobalTrust, with the help of EO data and advanced data analytics, can help financial institutions to gather information on sustainability risks and impacts throughout different steps of the investment process.
With our technology and expertise, we can provide useful insights on different ESG parameters: