Broadridge Financial Solutions has teamed up with the Crypto Carbon Ratings Institute (CCRI) to launch a platform designed to help financial firms comply with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulations.
The collaboration combines CCRI’s sustainability data with Broadridge’s ClearFI platform, equipping Crypto-Asset Service Providers (CASPs), exchanges, brokers, and asset managers to meet MiCA’s new reporting standards. The MiCA regulations, effective December 30, 2024, will require CASPs to disclose detailed sustainability metrics and submit asset whitepapers to regulators across EU Member States.
The new Broadridge-CCRI platform will help CASPs comply with these requirements while enhancing transparency and supporting informed investment decisions.
Beyond MiCA compliance, the platform will also support asset managers and corporations preparing for upcoming greenhouse gas (GHG) emissions reporting standards linked to digital assets.
Christian Stoll, CEO of CCRI, described the partnership as a “milestone” for sustainability compliance in an evolving regulatory landscape.
Rob Krugman, the Chief Digital Officer at Broadridge, noted their ClearFi solution would keep evolving to help companies fulfil their compliance obligations.
“Working with CCRI, we are helping the financial services industry meet critical regulatory requirements and drive more informed investment decisions for all market participants,”
Krugman stated.
Both companies anticipate future global regulations, such as California’s forthcoming corporate climate disclosure rules, which include Scope 3 emissions. They claim that the new platform, by merging regulatory expertise and advanced sustainability data, provides firms with a forward-looking tool for navigating the intersection of digital assets and environmental compliance.
Meanwhile, this announcement coincides with a leadership update at Broadridge, as Ashima Ghei has been appointed Chief Financial Officer, effective immediately. Having served as Interim CFO since July 2024, Ghei has been instrumental in advancing Broadridge’s financial strategy. CEO Tim Gokey praised her leadership, highlighting her role in driving the company’s growth and delivering transformative solutions for stakeholders.
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