Sustainable finance technology solutions provider Arabesque announced today the acquisition of The Reporting Exchange, a global resource for ESG reporting, from the World Business Council for Sustainable Development (WBCSD).
The Reporting Exchange is a free online platform, set up to be a go-to resource for ESG reporting, collating comprehensive and reliable information on ESG reporting requirements and resources across more than 70 countries. Key features include search tools to navigate thousands of ESG reporting requirements across countries, a global database of sustainability rankings, ratings and indexes, and a categorised library of ESG indicators, among others. It was Launched in 2017 by WBCSD and partners CDSB and Ecodesk and in collaboration with the Gordon and Betty Moore Foundation.
Dr. Daniel Klier, incoming CEO of Arabesque S-Ray, said:
“The rapid increase in ESG regulation on a global scale has highlighted the need for technology-based, scalable and quantitative data solutions for corporates and investors. We are delighted to be partnering with WBCSD and taking over The Reporting Exchange and look forward to enhancing the platform’s capabilities as a leading ESG data resource for all market stakeholders.”
Andrew Beanland, Director in Redefining Value, WBCSD added:
“The Reporting Exchange is a vital piece of the puzzle for both companies, investors and policy makers in understanding and navigating the complexity of the ESG reporting landscape. We’re delighted to be collaborating with Arabesque to secure the future of the platform for the foreseeable future, and ensure that all parties have an up to date, reliable picture of key developments.”