Global Trustee and Fiduciary Services Bite Sized Issue 10 2025

5 QUICK LINKS FINTECH MIFID II/MIFIR OPEN FINANCE SUSTAINABLE FINANCE/ESG T+1 ASIA AUSTRALIA EUROPE NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 10 | 2025 • International and cross-sector testing; and • Data and tech infrastructure. Link toWebpage here SUSTAINABLE FINANCE/ESG SBTi Publishes Financial Institutions Net-Zero Standard On 29 September 2025, the Science Based Targets initiative (SBTi) launched its first Financial Institutions Net-Zero Standard (the Standard), which SBTi says introduces innovative target- setting approaches for the sector to leverage its enabling role to drive real-world decarbonization. SBTi says the Standard provides financial institutions with a credible, science-based framework to align their financial activities with pathways to achieve portfolio-wide net-zero emissions by no later than 2050. The Standard covers in-scope financial activities e.g., lending, asset owner investing, asset manager investing, insurance underwriting, and capital market activities, that financial institutions worldwide can use to influence real economy actors. The Standard focuses on financial institutions’ most relevant leverage to drive real economy change, delivering five outcomes: • Robust climate governance driven by a clear set of public commitments; • Comprehensive assessment of climate impacts driven by clear accounting criteria; • Alignment of relevant financial activities with global climate goals through the development of policies and ambitious targets; • Continuous progress is incentivized by transparent disclosure; and • Financial institutions make clear and credible claims. SBTi encourages financial institutions to start the target-setting process as soon as possible by registering on the SBTi Services website. Link to the Standard here TNFD Status Report 2025 On 25 September 2025, the Taskforce on Nature-related Financial Disclosures (TNFD) published its 2025 Status Report. TFND says this first status report shows significant initial market uptake its recommendations and guidance following their release in September 2023. TFND says the report shows a shift in mindset among companies and capital providers who increasingly appreciate that the resilience of the planet’s ecosystems and biodiversity underpins the resilience of their business. While recognising that the assessment of nature-related issues remains new and is perceived to be complicated, TFND says the report highlights what is possible with the use of existing metrics and by building on existing internal capabilities. TFND says the report also highlights the challenges remaining to mainstream an integrated approach to nature into corporate decision making and disclosure practice. The report draws on the results of a survey conducted by TNFD over the summer designed to gather feedback and insights on the application and implementation of nature-related assessment and reporting from the market by both report preparers and report users. TFND says it received 850 survey responses from report preparers, report users and market intermediaries. 49% of the survey respondents were corporates, followed by financial institutions and service providers. Link to the Report here