EY has launched a sustainable finance innovation hub in Hublin to help financial institutions to accelerate progress on ESG.

The hub is designed to help finance firms to meet ESG regulatory and reporting requirements, amid an increase in legislation.

It will be based in Dublin and augmented by sustainability experts across the rest of the world. EY Ireland's sustainable finance team will increase in size as 40 additional specialists will be added to cover multiple areas of ESG.

Focus will be on advise relating to ESG reporting across the areas of EU regulation, international goals and biodiversity and nature.

“The financial services sector plays a central role in the transition to a more sustainable future and we are now significantly expanding our capacity to deliver end-to-end sustainable finance transformation services to clients in the sector," EY Ireland financial services country lead, Colin Ryan said.

"The addition of 40 specialist hires across the three pillars of ESG will see our Dublin hub become a globally significant centre for innovation in the area of sustainable financial services."

He added that the sector must comply with "an increasing volume of regulatory requirements over the coming years" and that many firms face multiple deadlines this year alone.

"Our new hub will support firms to more effectively report on their activity and will help clients ensure that they remain compliant with the evolving regulatory environment," he said.

---