Financial News

ICE and Confluence to Offer Integrated ESG Solution for Enhanced SFDR Compliance Reporting

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Confluence, a global leader in analytics and regulatory compliance reporting solutions for the investment management industry, announced that Confluence will leverage ICE’s Environmental, Social and Governance (ESG) data as part of its ESG Sustainable Finance Disclosure Regulation (SFDR) solution, bringing clients a single service that is designed to reduce the time and money needed to comply with this regulation.

The combination of Confluence’s ESG Solutions and ICE’s SFDR data equips asset managers with a comprehensive compliance reporting solution to help manage and meet regulatory requirements. ICE’s data solution, part of its broader ESG data set, offers updated, granular values and event-triggered updates for the Principal Adverse Indicators (PAI) on equity securities and more than 1.4 million fixed income securities of over 16,000 distinct corporate and sovereign entities.

“We are pleased to continue to work with Confluence to bring our ESG data together with their software to provide an integrated offering for customers,” said Anthony Belcher, VP, Sustainable Finance at ICE. “This seamless combination brings front-to-back office ESG performance analytics and compliance reporting to the investment management industry, helping customers address complex regulatory requirements without the need to spend time and money integrating data with a reporting solution.”

“With increasing demands for ESG data and insights, Confluence ESG Solutions integrated with ICE ESG data are uniquely positioned to offer greater ESG portfolio insights and help clients meet regulatory compliance requirements,” said Damian Handzy, Managing Director of Performance, Risk and Analytics at Confluence. “We are excited about this partnership for the operational efficiency gains in front-to-back offices it can bring to our asset manager and asset servicer clients.”

This announcement follows ICE and Confluence’s previous agreement to help firms meet SEC modernization reporting requirements in 2018.

ICE solutions help customers meet various finance regulatory requirements across geographies and asset classes. To learn more, please visit: https://www.ice.com/market-data/regulation/esg-support.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.

SOURCE: Intercontinental Exchange

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