SAP Fioneer ESG Solutions and ESG Book partner to empower financial services institutions with transparent sustainability data

SAP Fioneer, a leading provider of financial services software solutions and platforms, has entered a partnership with ESG Book, a global leader in sustainability data. The collaboration combines ESG Book’s high-quality data on emissions with the data orchestration and complex calculation functionality of the SAP Fioneer ESG KPI Engine. Financial services institutions benefit from the combined capabilities that enable them to meet complex regulatory requirements and adopt better ESG-related decision-making through improved transparency on portfolio and single exposure level.

Through the partnership users of the Fioneer ESG KPI Engine will gain access to ESG Book’s machine learning-powered model that provides data on Scope 1, Scope 2, and Scope 3 emissions – including all 15 categories of Scope 3 – for over 45,000 companies worldwide.

Maria Patschke, CEO of SAP Fioneer ESG Solutions, comments: “ESG Book’s high-quality data on emissions plays a crucial role in completing our offering. Together with our partners we are able to deliver a end-to-end tool to financial services institutions, empowering them to take action and turn ESG reporting from a cost center to a profit center.”

Nicolas Bös, Chief Technology Officer at ESG Book, adds: “Global ESG regulation is accelerating, and for financial services institutions to meet complex reporting requirements they need powerful software tools. By integrating with SAP Fioneer’s solution, we can amplify the reach of our data and help transform the industry through technology.”

Related Article: Manaos and ESG Book Unite to Revolutionize Investment with Cutting-Edge, Transparent ESG Data Integration

SAP Fioneer’s ESG KPI Engine provides a central solution to efficiently collect, manage, review, calculate and store ESG-related single exposure and portfolio data. Seamlessly integrating into existing architectures, the calculation module provides auditable standard calculations across the entire portfolio to enhance compliance with CRSD and identify valuable transition opportunities.