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    New ESG Data Alliance Launched at Davos

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    Stockholm (NordSIP) – Today, at the World Economic Forum (WEF) in Davos, Refinitiv announced the launch of the Future of Sustainable Data Alliance (The Alliance), with the goal to accelerate the mobilization of capital into sustainable finance. The focus is on establishing how to facilitate the data necessary for investors and governments to satisfy the requirements of both regulators and customers for sustainable investments and products in pursuit of the 2030 Agenda.

    The Alliance is a joint initiative from Refinitiv, WEF, United Nations, IIF, OMFIF, Tsinghua University, ASIFMA, GFMA, Climate Bonds Initiative,  FinTech4good, Everledger, Institute of Public and Environmental Affairs, Bank of Africa-BCME, GoImpact and other founding member firms. The project is expected to grow over the coming months to include different stakeholder groups with deep expertise in areas covered by the UN SDGs.

    - Promotion -

    The Alliance was inspired by Refinitiv’s partnership with the UN Secretary General’s Task Force on Digital Financing of the SDGs and the Future of Finance report, which shows that the availability of reliable ESG data and SDG impact data is crucial for accelerating more SDG investments at scale. Its objective is to tackle one of the most fundamental hurdles to sustainable investments and the fight against climate change: the lack of actionable data and standards. Fundamental ESG and alternative data are required to make sustainable investment decisions and to positively contribute to the UN SDGs.

    Founded in 2018, Refinitiv is a global ESG data provider jointly owned by the Blackstone Group and Thomson Reuters. It is a strategic partner to the UN Task Force on Digital Financing of the SDGs committed to harnessing the power of data to bring about insight and drive informed decision making. As members of the UN Global Compact, Refinitiv is part of a community of 9,000+ businesses across 135 countries that are committed to operating with responsible business practices at its core. Refinitiv is also a member of the Technical Expert Group (TEG) on Sustainable Finance advising the European Commission on the sustainable agenda alongside other private sector experts.

    “The need to channel capital towards the UN SDGs is urgent and the financing requirement immense,” says, David Craig, CEO of Refinitiv. “Today, many asset managers state that they don’t have enough data to help finance major transitions such as changes in demographics, climate change, or addressing the shifts in global markets. It is therefore critical to define and make ESG more of a science than an art. Refinitiv is proud to be a founding member of the Future of Sustainable Data Alliance and is committed to providing investors with the data they need to channel capital towards the financing of the SDGs.”

    Image by Pete Linforth from Pixabay

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