In Spain, BME, and Greenomy, the leading ESG reporting provider, have joined forces to help issuers and financial institutions navigate and adhere to ESG reporting effortlessly.
SIX, the Swiss and Spanish stock exchange operator and global financial information provider, and Greenomy, the leading ESG reporting provider, have announced an alliance to help financial institutions and companies in both markets efficiently comply with ESG frameworks, enabling them to measure, improve sustainability performance and access green financing opportunities.
As an ESG product provider, SIX develops and thus empowers its customers and partners to achieve their sustainability objectives by providing business-critical data, regulatory risk content services and analytical solutions that enable profitable, sustainable and compliant operations, ultimately fostering sustainable investment decisions.
SIX has reached an agreement with Greenomy for the commercialization of an end-to-end solution assisting companies and financial institutions in the Spanish and Swiss markets to collect, manage and report on ESG in alignment with the latest European mandatory frameworks, such as the Corporate Sustainability Reporting Directive (CSRD) and the EU Taxonomy, as well as international frameworks such as ISSB and GRI. This comprehensive solution not only ensures compliance with existing ESG frameworks but also positions companies to adapt to emerging standards, fostering sustainability improvements and contributing to the transition to more sustainable future.
Greenomy has established itself as the leading SaaS platform specializing in facilitating CSRD and EU Taxonomy reporting for companies as well as GAR/BTAR and CSRD requirements for financial institutions. Greenomy leverages legislative codification, ESG data libraries, Generative AI and thorough analysis to automatically generate sophisticated sustainability reports through its Company and Lender portals. The Greenomy solution accelerates reporting processes by up to seven times and achieves an 80% cost reduction in costs compared to manual reporting methods.
Javier Hernani, Head BME: "The strategic agreement reached with Greenomy will provide companies in the Spanish market (issuers, financial intermediaries and other entities subject to publish ESG information) with a comprehensive and affordable sustainability reporting tool that facilitates the management, monitoring and analysis of reports in a complex and changing regulatory environment. It is an important step in BME's drive as a center for sustainable finance."
Marion Leslie, Head Financial Information and responsible for Sustainability on the Executive Board at SIX, commented, “We are delighted to be partnering with Greenomy to create and deliver innovative sustainable finance solutions for the capital markets value chain. There is an ever-increasing demand for ESG software solutions, that can address and automate the analysis and reporting complexity challenges linked to pluralism of frameworks, metrics and regulation. With this partnership, we are enabling growth in the ESG segment and are establishing our firms as leading providers in the field”.
Alexander Stevens, CEO of Greenomy, said, "With the emergence of ESG frameworks such as the CSRD and the EU taxonomy, European financial institutions and companies face multiple new challenges. Our partnership with Six goes beyond collaboration, it is a true convergence of shared visions. Through the innovative capabilities of our AI-powered Greenomy Portal, this partnership empowers institutions in their ESG reporting journey, improving both data collection and reporting efficiency. Together, we are not only advancing sustainability performance, but actively shaping a sustainable future through our united strategic vision".
