Figure 7.
The flow diagram outlines RegTech solutions, capabilities, and challenges for sustainability compliance. On the left, financial industry operations include empowering E S G investing through long term investment, E S G consideration in investing, and investment decision, along with providing foundations for digital finance through financial inclusion and green finance. In the centre, enhancing E S G data requirements involves facilitating generic data quality and E S G specific data quality. Below, challenges posed by RegTech include costs of initial implementation, computing power and capacity demands, inaccurate or incomplete data, and data privacy concerns. On the right, company operations support sustainability compliance by preserving process integrity, addressing risks, enhancing sustainability practices, automating compliance processes, and providing environmental compliance management systems for green I S. They also enhance E S G risk management through monitoring, reporting, and detecting greenwashing.RegTech’s capabilities and challenges in sustainability compliance
Source: Authors’ own creation