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Key takeaways
- The latest EET Version 1.1.3, although with minor amendments, includes important updates such as the ESMA fund naming guidelines and data field corrections.
- The previous Version 1.1.2 will be decommissioned on July 1st, 2025.
- Datia's platform includes the latest EET Version to help reduce manual time by automating half of the answers and guiding you through the EET process.
An exciting update for Asset Managers! FinDatEx announced the new version of the European ESG Template (EET), Version 1.1.3, in December 2024. It is now available.
The new EET Version brings minor adjustments compared to the previous version 1.1.2. Here is a summary of the EET Version 1.1.3:
- Updated ESMA fund naming guidelines.
- PAB and CTB screening inclusion, as well as the data fields that are required by them.
- Editorial corrections and changes to various data fields. (to find the data fields that have been worked on, you can see them highlighted in yellow).
To learn about the full list of all the EET fields and their specific changes introduced with the new 1.1.3 EET version, you can head over here.
The previous Version 1.1.2 will be decommissioned on July 1st, 2025, so the latest version is recommended for use.
What is the European ESG Template (EET)?
The European ESG Template (EET) is one of the many templates created by FinDatEx, an industry-driven group of representatives from the European financial services sector. Their mission is to facilitate data exchange and standardize processes to help stakeholders comply with European financial markets legislation.
The EET is an Excel template with over 600 data fields, designed for Asset Managers to share sustainability-related information with key stakeholders such as distributors, funds of funds, and institutional investors. It covers various aspects of sustainability disclosures, including EU Taxonomy alignment, sustainability preferences, screening criteria, and details relevant to Article 8 and Article 9 financial products.
Although the EET is not legally required, its adoption has significantly increased over the past 18 months.
How Datia can help
Datia’s platform helps you streamline your workflow and simplify manual processes for Asset Managers by handling much of the heavy lifting. We've developed a tool that simplifies the process of filling out the EET by automatically pre-filling half of the EET questions based on data already available on the platform, such as mandatory PAI indicators, additional PAIs, and coverage for calculations. We are constantly updating and transforming the EET Excel template to make it easy-to-use, and are working regularly for updates to reflect the latest available versions of the EET. Our platform includes all the latest updates for the EET Version 1.1.3.
With this solution, Datia’s clients can generate a complete EET for Article 6, 8 and 9 funds quickly (provided their pre-contractual and periodic reports have been prepared in advance).
Contact our team to learn how Datia can assist you in creating EET files for your financial products.
