On Nov. 18, EUREX Clear extended clearing compass for cash, repo.
EUREX Clear issued circular 083/24 regarding extension of Eurex ESG Clearing Compass to provide an assessment of cash and repo transactions with ESG data.
Overview
EUREX Clear is extending the Eurex ESG Clearing Compass to further support clearing members and their clients with regards to their sustainable transformation activities.
Aims to add transparency which lays foundation for further decisions/actions, e.g. portfolio decarbonization or including ESG factors in counterparty assessments.
ESG Portfolio Assessment
EUREX Clear will offer clearing members assessment of FWB Transactions, excluding exchange traded funds, and Repo Transactions in a new report, Daily Position Sustainability Metrics (00RPTCDESGXXXXXYYYYMMDDXXXXXCSHPOS.CSV.ZIP).
This will be on a portfolio level with the following climate metrics, as applicable.
Emission exposure in tCO2e (tons CO2 equivalent) for Scope 1&2, Scope 3 emissions.
Carbon intensity based on revenues in €; carbon risk rating; GHG (Greenhouse Gas) reduction targets production emissions; emission intensity based on GDP in EURE (environmental) rating, which will be separate for corporates and sovereigns.
The climate and rating data is provided by ISS ESG; explained the ISS ESG methodologies have been applied with regards to aggregation emissions, carbon data.
Individually segregated clients with access to the Common Report Engine (CRE) and/or the member section will also have access to an assessment of their transaction.
EUREX Clear will provide clearing members and individually segregated clients the new daily report, Daily Position Sustainability Metrics, on the CRE and in member section.
