Sustainability information and know-how firm ESG E-book introduced as we speak the launch of LEO, a brand new sustainability information sourcing and reporting platform, developed in partnership with Boston Consulting Group (BCG).
Based on ESG E-book, the brand new answer is geared toward streamlining information sourcing and reporting, addressing challenges dealing with corporations and monetary establishments in assembly sustainability due diligence and disclosure necessities, significantly as the necessities change, creating widening information gaps and making information assortment inefficient and incomparable.
Justin Fitzpatrick, CEO of ESG E-book, mentioned:
“As regulatory necessities evolve, managing dangers and leveraging sustainability as an financial driver stays essential for corporates and monetary establishments. LEO cuts via complexity, simplifies reporting, and helps companies deal with what issues – utilizing information to drive effectivity, cut back prices, and create long-term worth.”
Constructed on Google Cloud, the brand new answer is powered by ESG E-book’s disclosure platform and BCG’s Local weather and Sustainability Information Template, offering entry to greater than 200,000 disclosures.
Key options of the brand new platform for corporates embrace the flexibility to handle disclosure requests and map information throughout a number of frameworks, pre-fill capabilities to cut back reporting burdens, safe information sharing with a number of counterparties, and centralized information administration and management entry. For monetary establishments, capabilities embrace automated and standardized information assortment from shoppers and distributors, EBA Pillar 3 and Basel III compliance options, and assist for streamlining information entry to assist crucial use instances together with danger administration and alternative creation and to enhance information response charges from suppliers.
Roy Choudhury, Managing Director and Senior Companion, BCG, mentioned:
“Because the demand for dependable and comparable climate-related data continues to develop, a standardised information request and reporting template is crucial. Our collaboration on the LEO platform leverages BCG’s mental property and sustainability experience to foster an modern response to this problem. The platform gives a typical framework that helps corporations reply extra effectively, making decision-useful data simpler to entry and interpret. That is particularly beneficial when requesting information from privately held corporations, the place these disclosures are sometimes restricted.”
ESG E-book mentioned that the brand new platform is at the moment being adopted or piloted by monetary establishments together with ING, Lloyds, and NatWest.
