Refinitiv Launches Sustainable Data Alliance with UN, World Economic Forum

By Dieter Holger

Data provider Refinitiv said Wednesday that it has launched the Future of Sustainable Data Alliance in partnership with the World Economic Forum and the United Nations to provide investors with fundamental environmental, social and governance data to help them make sustainable decisions.

"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," said David Craig, chief executive of Refinitiv.

Other founding partners include the Bank of Africa-BCME, the Institute of International Finance, the Asia Securities Industry & Financial Markets Association, the Global Financial Markets Association, the Climate Bonds Initiative, FinTech4good, Everledger, and GoImpact.

Refinitiv said that more data is needed to tackle climate change and meet the UN Sustainable Development Goals since "information to quantify, measure and compare impact is in its infancy."

"The lack of actionable data and standards results in capital markets that are unable to fully understand and integrate sustainability considerations," Refinitiv said.

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

(END) Dow Jones Newswires

January 22, 2020 06:03 ET (11:03 GMT)

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