Eurex Clearing Introduces New ESG Clearing Compass
Eurex Clearing, a prominent global central counterparty, will launch its latest ESG Clearing Compass on April 3, 2023, consisting of two services: the ESG Portfolio Assessment and the ESG Visibility Hub.
Deutsche Börse intends to support clearing members and their clients' sustainable transformation journey by creating transparency and awareness through its latest ESG Clearing Compass services.
The ESG Portfolio Assessment initially assesses securities as collateral and default fund contributions with multiple climate metrics and data from ISS ESG.
The ESG Visibility Hub provides members with tools to display their ESG profiles and initiatives on Eurex Clearing's website. This added information will help market participants evaluate counterparties based on their sustainability profile and ESG strategy.
Christina Sell, Chief Sustainability Officer Trading and Clearing at Deutsche Börse, says: "Many market participants still struggle with incomplete, inconsistent or insufficient data regarding their exposure to climate-related physical and transition risks. As a financial infrastructure service provider, we consider it our responsibility to contribute to transparency. With our innovative offering, our members can efficiently receive high-quality ESG data via established channels.”
Pauline Engelberts, Global Chief Operations and Chief Sustainability Officer ABN AMRO Clearing N.V. says: “The clearing industry is at an early stage of the transformation journey. We highly appreciate the efforts of Eurex Clearing to enable its clients to have more data transparency and awareness of their ESG profile and strategy. This will pave the way for better climate metrics. We are happy to support this initiative.”