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Streamlining Compliance: How MAP FinTech Transforms Virtual Power Purchase Agreements
As organizations prioritize sustainability, Virtual Power Purchase Agreements (VPPAs) have become essential for reducing carbon footprints and stabilizing energy costs. VPPAs are long-term financial contracts between corporate buyers and energy producers, allowing buyers to purchase electricity at fixed prices without direct delivery. Financial settlements adjust based on market price fluctuations. Energy Attribute Certificates (EACs) verify that electricity is sourced from renewables and can be traded. VPPAs face regulatory challenges, particularly compliance with the European Market Infrastructure Regulation (EMIR). MAP FinTech Solutions offers services to help companies navigate VPPA complexities and ensure compliance. For more, visit MAP FinTech.
Why Accuracy in SFDR Reporting is Crucial for Article 8 and 9 Funds: A Comprehensive Guide
As the financial sector adapts to Regulation 2019/2088 (SFDR), asset managers are tasked with finalizing annual reports that include essential periodic disclosures to demonstrate compliance with ESG standards. The SFDR Delegated Regulation mandates that Article 8 and Article 9 funds report annually on their environmental or social characteristics and sustainable investment objectives using predefined templates. Submission deadlines are four months for UCITS and six months for AIFs after year-end. Despite structured templates, asset managers face challenges like data inconsistencies and outdated information. Accurate periodic disclosures are crucial for investor transparency and regulatory compliance, emphasizing the need for consistency and evidence-based reporting.
Passbolt Secures $8M Funding to Revolutionize Team Access Management Solutions
Passbolt, an open-source credential and access management platform, has raised $8 million in Series A funding, led by Airbridge Equity Partners, with support from several existing investors. Founded in 2016, Passbolt serves technical teams by enabling secure management and sharing of access credentials. The new funds will accelerate product development, address security challenges, and support the launch of Passbolt 5.0, targeting over 400,000 daily active users. The company has grown significantly, onboarding over 40,000 organizations and boasting 2,000 paid customers globally, meeting the rising demand for collaborative password management solutions.