The Future of Sustainable Data Alliance will prepare a report to develop a detailed overview of the steps needed to address challenges in the ESG data space.
The Future of Sustainable Data Alliance (FoSDA) has launched its initial recommendations to foster best data practices in order to enable the smooth transition to a low-carbon economy.
Institutional investors across the world have cited lack of data as a hindrance to making sustainable investment decisions. According to FoSDA, the new recommendations will help plug ESG data gaps and map data to sustainability taxonomies and policies.
FoSDA was launched at the World Economic Forum (WEF) in January 2020 with the aim of supporting the data requirements of investors and governments to meet 2030 climate targets.
Founding partners include the WEF, United Nations, the Institute of International Finance, Official Monetary and Financial Institutions Forum, the Global Financial Markets Association, the Climate Bonds Initiative and financial market data provider Refinitiv.
FoSDA laid out seven key recommendations for … [continues]
Read the full article on Regulation Asia’s sister publication, ESG Investor.