Greenomy is pleased to announce the entry of Euroclear, a leading global financial market infrastructure, into its capital, completed today. The financial terms of the transaction were not disclosed.
Brussels – 31 January 2022 - Greenomy is pleased to announce the entry of Euroclear, a leading global financial market infrastructure, into its capital, completed today. The financial terms of the transaction were not disclosed.
Founded in 2020, Greenomy helps corporates, credit institutions and asset managers comply with new European Union sustainable finance legislation by digitalizing the data capturing and reporting process. The company also provides data analytics features to help improve sustainability performance and facilitate the redirection of funds towards sustainable activities, in line with the objectives of the EU Green Deal. Greenomy will gradually integrate other non-EU Green Taxonomies to offer users a one-stop solution for their global operations.
Greenomy’s ambition is to become a global user-owned ESG market infrastructure adopting a neutral and scalable utility across multiple jurisdictions.
With their investment in Greenomy, Euroclear will now be able to bring non-financial reporting to its network, enabling a reduction of issuance barriers for sustainable finance.
From a business line perspective, the ESG data from issuers captured by the platform will also provide the opportunity to support the asset manager segment’s reporting needs including Euroclear’s FundSettle, MFEX and iETF clients.
Alexander Stevens, CEO of Greenomy commented: “We are thrilled to have Euroclear join the Greenomy mission. Euroclear’s experience, network and infrastructure will increase scale, permitting a new suite of clients to benefit from our solutions. Together with Euroclear and future partners, we aim to bridge the gap between existing and new ESG taxonomies and standards, offering a new global market infrastructure, supporting both issuers and financial institutions in their sustainability strategy. This will ultimately help real economies transition faster towards a truly sustainable future.”
Lieve Mostrey, CEO Euroclear Group said: “Euroclear is highly committed to building a sustainable FMI through enhancement of its capabilities, strategic partnering and investments. Greenomy has a strong and compelling ESG value proposition with its unique market position, data model and an end-to-end platform which connects issuers, banks and investors. This is a truly complementary partnership that enhances the services and products of both companies. We look forward to working with Greenomy to help it grow and become a global ESG market infrastructure utility with a far-reaching and diverse ecosystem.”
About Greenomy
Greenomy helps corporates, credit institutions and asset managers measure, disclose and improve their sustainability levels according to new EU sustainable finance standards (EU Taxonomy, SFDR and NFRD/CSRD). A one-stop sustainability reporting software, generating substantial time and cost savings, recognised recently with a first place at the G20 TechSprint competition for Sustainable Finance solutions. For more information about Greenomy, please visit www.greenomy.io
About Euroclear
Euroclear Group is the financial industry’s trusted provider of post trade services. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.
The Euroclear Group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International. The Euroclear Group settled the equivalent of EUR 992 trillion in securities transactions in 2021, representing 295 million domestic and cross-border transactions, and held EUR 37.6 trillion in assets for clients by end 2021. For more information about Euroclear, please visit www.euroclear.com
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