Web directory

ESG report: Central bankers consult on climate data needs, directory of sources | News

The Network for Greening the Financial System (NGFS) has launched a consultation on what it describes as a repository of climate data needs and available sources, an initiative intended to continue its work on bridging climate data gaps. faced by the financial sector.

The NGFS, which has grown to encompass more than 100 central banks and supervisors, said the repository was designed as a repository of available climate data based on the specific needs and use cases of stakeholders.

Since presenting the repository in a Data Gap Mitigation Progress Report in May 2021, the NGFS has built a directory web interface, and it is on this that it seeks feedback through a short questionnaire open until May 6th.

” Consultation […] is a crucial step in finalizing the directory by soliciting feedback from users and data providers on (i) the format and functionality of the current directory web interface (a prototype at this stage); and (ii) the content of the directory with respect to climate data sources, including highlighting potential data gaps and sources that have not been identified so far, he said.

The NGFS noted that the directory does not provide direct access to actual climate data, but said it was a useful tool for financial sector stakeholders to identify sources of climate data.

The group had already previously identified six categories of stakeholders and six main use cases for climate data, such as insurers and pension funds and investment and lending decisions. He added metrics and raw data elements to this framework to create a three-layered repository (see schematic presentation).

The NGFS also released a report this week on “Improving Market Transparency in Green and Transition Finance, saying it aimed to inform international discussions on improving the compatibility of approaches to identify, verify and align investments on sustainability goals.

BlackRock Signs Up for Asset Owner’s SDG Platform

BlackRock has subscribed to the dataset developed by the Sustainable Development Investments Asset Owner Platform (SDI AOP) supported by asset owners.

The dataset analyzes companies’ alignment with the United Nations Sustainable Development Goals (SDGs).

SDI AOP was launched in 2020 by the Dutch pension funds APG and PGGM. Later that year, British Columbia Investment Management and AustralianSuper joined as founding partners.

The underlying data is made available to the market through analytics and index provider Qontigo. BlackRock will use the data to advise clients on ESG portfolio construction, research, reporting, product creation and evolution, according to a statement.

BlackRock is the 10th subscriber to the platform, according to IPE’s tally. NN Investment Partners joined the group in March.

Launch of a “virtual” CSO proposal

JTC, a professional services provider, has launched an offering aimed at organizations struggling to navigate the rapidly changing ESG regulatory and reporting landscape.

He said his “Virtual Chief Sustainability Officer (vCSO)” service provides clients, on a flexible and outsourced basis, with the technical knowledge and support they need to understand, define and implement their own strategy, policies and ESG reports.

JTC will focus on the fund, corporate and private client markets.

UK pension funds take ESG action

National Pension Trust (NPT), a £978m multi-employer defined contribution scheme, is to adopt an ESG-focused default arrangement, while Aegon UK said it would invest £3bn in new UK-domiciled ESG index mutual funds for his lack of workplace. funds.

The NPT said its new deal would focus on climate change and the carbon transition while aligning with a 2°C investment policy. He will work with State Street Global Advisors, the Transition Pathway Initiative and Legal and General Investment Management.

Aegon said using the new funds, along with a BlackRock ESG fixed income fund, would see ESG exposure in the workplace default fund double for investors still in the growth stage of their retirement from from 30% to 60%.

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