FinDatEx publish a new European ESG Template (EET) version 1.1.3

EET version 1.1.3 to be supported as part of cleversoft standard services

The Financial Data Exchange Templates (FinDatEx) Group has published a new version of the European ESG Template. This template is an official standard used by asset managers to report ESG KPIs and utilize ESG data for KPI calculations.

The new 1.1.3 version of the EET includes changes in the names of some fields and the addition of a new column “V1.1.3 ESMA guidelines“ in relation to the latest ESMA guidelines on fund names published on August 21. The current EET version 1.1.2 will be discontinued on July 1, 2025, and the new version will become mandatory on January 1, 2025.

FinDatEx also confirm that they are currently still discussing additional amendments to the template, which will cover the new national regulatory requirements on negative ESG target market (NTM) as well as possible new data fields referring to CSRD/ EFRAG standards when making investments.

Below you may find a list overview for all of the EET fields and their specific changes introduced with the new 1.1.3 EET version, which have been marked in orange for your ease of use:

• 00010_EET_Version

  • Type of change: Change to codification

  • Description: The possible value has been updated from “V1.1.2“ to “V1.1.3“

• 20120_Financial_Instrument_Link_To_PCDFP_For_MOP

  • Type of change: Additional update to pre-contractual column

  • Description: Column for use case “SFDR products pre-cont” has been updated to conditional from empty.

• 20130_Financial_Instrument_Production_Date_PCDFP

  • Type of change: Additional update to pre-contractual column

  • Description: Column for use case “SFDR products pre-cont” has been updated to conditional from empty.

• 20400_Financial_Instrument_EU_SFDR_Minimum_Or_Planned_Investments_With_Environmental_Or_Social_Characteristics

  • Type of change: Additional clarification to description

  • Description: The additional clarification states that the field provides the minimal commitment as required by ESMA Guidelines (>80%), without distinction between environmental and social aspects in relation to the pre-contractional report.

• 20420_Financial_Instrument_EU_SFDR_Minimum_Or_Planned_Investments_Sustainable_Investments

  • Type of change: Additional clarification to description

  • Description: The description of the field has been updated to include additional clarifications, which state “This field provides the minimal commitment as required by ESMA Guidelines (>80%), without distinction between environmental and social aspects.”

• 40000_Financial_Instrument_Existing_Negative_Screening_Strategy

  • Type of change: Changes to the description, definition and codification

  • Description: The description, definition and codification have all been updated to include new additional clarifications, which are as stated:

    • “Does the Financial_Instrument use a negative screening or a standard screening strategy?
      Yes / No / PAB / CTB / PAB+ / CTB+ / Z

    • Y / N / P / C / A / T / Z

    • Y = any non PAB and CTB compliant exclusion policy
      N = No exclusion policy
      P = PAB only exclusion policy : only list of corporate exclusions as per article 12 (1) (a)-(g) of the delegated regulation 2020/1818;
      C = CTB only exclusion policy : only list of corporate exclusions as per article 12 (1) (a)-(c) of the delegated regulation 2020/1818;
      A = PAB+ : PAB exclusion policy + supplementary exclusions
      T = CTB+ : CTB exclusion policy + supplementary exclusions
      Z = exclusion policy but the strategy does not invest in corporate (E.g. only in real assets or govies)“

    Additionally, the EET field has been set as mandatory in relation to the new “V1.1.3 ESMA guidelines“ use-case.

• 90010_Financial_Instrument_Minimum_Percentage_Investments_Aligned_EU_Taxonomy_Fossil_Gas_Incl_Sovereign_Bonds

  • Type of change: Change to the description and conditional field

  • Description: The description and conditional relationship of the field have been updated. Previously it was conditional to the product type defined in fields 20040 or 20050, while now it is conditional to the field 90000.

• 90020_Financial_Instrument_Minimum_Percentage_Investments_Aligned_EU_Taxonomy_Fossil_Gas_Excl_Sovereign_Bonds

  • Type of change: Change to the description and conditional field

  • Description: The description and conditional relationship of the field have been updated. Previously it was conditional to the product type defined in fields 20040 or 20050, while now it is conditional to the field 90000.

• 90040_Financial_Instrument_Minimum_Percentage_Investments_Aligned_EU_Taxonomy_Nuclear_Incl_Sovereign_Bonds

  • Type of change: Change to the description and conditional field

  • Description: The description and conditional relationship of the field have been updated. Previously it was conditional to the product type defined in the field 90000, while now it is conditional to the field 90030.

• 90050_Financial_Instrument_Minimum_Percentage_Investments_Aligned_EU_Taxonomy_Nuclear_Excl_Sovereign_Bonds

  • Type of change: Change to the description and conditional field

  • Description: The description and conditional relationship of the field have been updated. Previously it was conditional to the product type defined in the field 90000, while now it is conditional to the field 90030.

 

cleversoft services

As part of the cleversoft’s Compliance Guarantee we closely monitor all regulatory updates and ESG data sources to quickly implement changes and provide them to you promptly. Benefit from comprehensive SFDR disclosures and modules for generating and collecting EET files.

We are already planning the implementation of the new EET version 1.1.3. All changes will be available as part of our ESG and EET data imports and exports and standard services.

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