Data, analytics and ratings providers Arabesque S-Ray, CDP, Impak and FTSE Russell announced today that the have joined the Future of Sustainable Data Alliance’s (FoSDA) ESG-focused Data Council.

Launched at the World Economic Forum in January 2020, FoSDA aims to identify and accelerate the reliable, actionable ESG data and related technology that is needed for improved investor decision making on the global journey to sustainable development. FoSDA’s key goals include articulating the future data requirements investors and governments need to accurately integrate ESG data into their decision making, highlighting new technology and data sets that can support a just transition to sustainable development, and determining and satisfying the data needs for investors wanting to take greater account of SDG-related risks and impacts.

Data Council members to act as an industry and regulatory sounding board focused on ESG data needed to make global sustainable finance ambitions a reality, and seek to answer key questions in relation to data needed for action on sustainable policy, investments, and business decisions.

Sherry Madera, Chief Industry & Government Affairs Officer at LSEG/Refinitiv and Chair of FoSDA, said:

“In an era when sustainability and the digital transformation of our economies are the highest priorities of governments and businesses across the globe, data is critically needed by investors and governments to deploy capital sustainably and ultimately achieve progress towards global sustainability goals. We’d would like to extend a warm welcome to these organisations joining FoSDA.”

The new members bring a diverse set of expertise and insight to the council. Arabesque S-Ray focuses on advisory and data solutions, utilizing AI to combine big data and ESG metrics to assess the performance and sustainability of companies worldwide. CDP is a provider of a global environmental disclosure system, bringing vital expertise in global disclosure data collection for both the public and private sector. FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions, and Impak is an independent impact rating agency, capturing and measuring positive impacts through the international standard of the IMP.

Arabesque S-Ray, CDP, Impak and FTSE Russell join existing Data Council members Refinitiv, S&P Global, Moody’s ESG Solutions Group and Bloomberg.

Dr Richard Mattison, CEO of S&P Global Trucost, Chief Product Officer, S&P Global Sustainable1 and Chair of FoSDA’s Data Council said:

“We are delighted to welcome new members to FoSDA’s Data Council, boosting our expertise on sustainability data, sharing knowledge and best practices in the ESG data provision field, ultimately to better inform on sustainability risks and decisions on sustainable investments.”