Navigating Climate Data Disclosure

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In the effervescent and dizzying space that is corporate sustainability reporting, one trend is clearly emerging: the need to shift from a report-oriented to a data-first mindset. Doing so will not only result in better reporting, it is critical to developing an effective management strategy.

As markets and society reckon with the systemic risks posed by climate change, high quality climate data can play a critical role in determining the right actions to take. Indeed, if economic actors are to make socially-optimal decisions to tackle climate change, not only will their incentives need to be aligned, but they will also need to rely on a common set of data to inform and motivate actions to mitigate and manage climate risk.

Climate scientists need high quality data to drive their models and projections for the Earth’s future climate. Policymakers require climate data to measure the impact of climate change on the economy and their policies to address it. Supervisors depend on it to quantify risks and assess transmission channels. Financial institutions should use it to inform investment and lending decisions and to monitor performance. Corporations need it to manage their value chain impacts and climate risks and opportunities. Finally, customers depend on it to inform their purchasing decisions.

In short, climate data is crucial for both informing decision-making and holding other economic agents to account. At the same time, data is not created in isolation but rather depends on each actor’s interpretation of how the external environment impinges on their business, and the transmission and aggregation of that information from downstream to upstream stakeholders along a value chain.

  • « Merci beaucoup pour tout le travail qui a été consacré aux agrégateurs! Je peux vous dire que vous avez vraiment essayé de l’adapter aux données et aux rapports dAsana. »

  • « Nous aimons le fait que Novisto fournisse une banque de données unique pour nos renseignements ESG. Si nous utilisons notre rapport ESG annuel comme donnée d’entrée, Novisto nous permet de tirer parti de nos données existantes sous forme de rapport pour répondre aux questions des agences de notation ESG et élaborer des divulgations supplémentaires. La plateforme est collaborative dans le sens où nous pouvons travailler avec des partenaires internes pour recueillir des données auprès de plusieurs unités opérationnelles. »

    Equitable Bank
  • « Nous voulons réduire nos ressources en matière de rapports ESG afin de recentrer nos efforts sur toutes les stratégies que nous voulons mettre en place. Une solution intégrée et automatisée pour la collecte de données et la production de rapports facilite grandement les choses. »