Comprehensive solution for clients required to
disclose sustainability metrics and generate
whitepapers as per EU MiCA regulation
NEW
YORK, Dec. 18, 2024 /PRNewswire/ -- A new,
pioneering collaboration between the Crypto
Carbon Ratings Institute (CCRI), a leader in sustainability data on
digital assets, and Broadridge Financial Solutions, Inc.
(NYSE: BR), a global Fintech leader, will deliver an integrated
communications, data, and disclosure generation platform to help
companies operating in Europe,
including exchanges, brokers and asset managers to meet new
sustainability reporting requirements. This integration combines
CCRI's trusted sustainability data with Broadridge's ClearFI
digital asset information and disclosure platform, enabling
financial services firms to demonstrate compliance with the
European Union's (EU) Markets in Crypto-Assets (MiCA)
regulations.
"As global regulators define new rules and standards to mature
the Digital asset and Crypto Industry the ClearFi
solution continues to expand to assist clients' compliance needs,"
said Rob Krugman, Chief Digital
Officer at Broadridge. "Working with CCRI, we are helping the
financial services industry meet critical regulatory requirement
and drive more informed investment decisions for all market
participants."
The EU's MiCA framework represents a groundbreaking regulatory
approach, designed to stabilize financial markets, protect
investors, and usher in a new era of transparency in the
crypto sector. MiCA requires Crypto-Asset
Service Providers (CASPs), including exchanges, brokers and custody
providers operating in the EU to present their customers with
sustainability metrics in addition to generating and filing
whitepapers with Member States for each of the assets enabled on
their platforms. The combined dataset enabled through this
partnership will enable Broadridge to assist CASPs in satisfying
these regulations immediately. The new MiCA rules begin to go into
effect on December 30, 2024.
"This collaboration is a significant milestone, providing
companies with the data and tools to comply with regulatory
frameworks including the requirements for sustainability
disclosures," said Christian Stoll,
Chief Executive Officer at CCRI. This partnership will also extend
to asset managers and corporations that will need to comply with
upcoming changes to accounting rules that require the consideration
of GHG emissions related to digital assets that asset managers or
corporations hold or trade.
As regulatory efforts expand, for instance, California is introducing corporate climate
disclosure requirements that extend to value chain (scope 3)
emissions, including crypto-related activities,
reflecting a broader global emphasis on sustainability in digital
markets. The Broadridge-CCRI partnership positions clients to
navigate these developments as well. The platform anticipates
California's upcoming corporate
carbon reporting requirements, offering a forward-looking solution
for asset managers and corporations operating in global
markets.
About Crypto Carbon Ratings
Institute
CCRI – Crypto Carbon Ratings Institute –
is a research-driven company providing data on sustainability
aspects of cryptocurrencies, blockchain and other
technologies. The interdisciplinary team has built a multi-year
research track record with a specific focus
on cryptocurrencies and their sustainability
impacts. CCRI uses the most up-to-date data sources as well as
methods based on formerly peer-reviewed studies published in
renowned scientific journals. CCRI provides insights that help
their clients to understand and
manage crypto-related environmental impact
exposure. For more information, please
visit: https://carbon-ratings.com/
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global
technology leader with the trusted expertise and transformative
technology to help clients and the financial services industry
operate, innovate, and grow. We power investing, governance, and
communications for our clients – driving operational
resiliency, elevating business performance, and transforming
investor experiences.
Our technology and operations platforms process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
securities globally. A certified Great Place to Work®, Broadridge
is part of the S&P 500® Index, employing over 14,000 associates
in 21 countries. For more information, please visit
www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.