Compliance and administrative services provider TMF Group today announced the launch of its new environmental, social and governance (ESG) administration services, aimed at helping companies and fund managers meet their ESG reporting requirements.

According to TMF Group, the new service comes as companies face a series of ESG reporting challenges, including complying with new regulations, understanding a variety of reporting standards and frameworks, and determining how to collect and present ESG material effectively.

Pierre Lechat, TMF Group’s Head of ESG Solutions, said:

“It is crucial to be able to meet the growing demand for ESG reporting from investors, clients and regulators. This new service, combined with our commitment to best practice, will ensure our clients keep up with all ESG reporting requirements.”

Under the new service, TMF will  help companies and fund managers define, set up and maintain accurate ESG reports. The company’s ESG administration solutions include creating cost-effective and compliant sustainability reporting systems, establishing and maintaining best practices, and supplementing or replacing companies’ internal ESG administration functions.

Daniel Max, TMF Group’s Head of Global Solutions, said:

“There are many firms that offer consulting and advisory services related to ESG; our administration offering will enhance our clients’ ability to comply with complex ESG reporting requirements without needing a dedicated in-house function. This offering sits among the other compliance and administration services that we offer our clients, and combines on-the-ground staff with comprehensive reporting tools to provide high-quality ESG reports that can be used for multiple purposes including audits, investor management and customer queries.”