Refinitiv Launches Sustainable Data Alliance with UN, World Economic Forum
January 22 2020 - 5:18AM
Dow Jones News
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)
Copyright (c) 2020 Dow Jones & Company, Inc.
Thomson Reuters (NYSE:TRI)
Historical Stock Chart
From Apr 2024 to May 2024
Thomson Reuters (NYSE:TRI)
Historical Stock Chart
From May 2023 to May 2024