Sustainability Data has a Critical Role to Play in the Evolution of the EU’s Sustainable Finance Agenda
This week, Brussels hosts a unique gathering of policymakers, investors and many of the largest players in the $2bn ESG data market. The event will discuss the evolution of the EU’s Sustainable Finance Agenda, and the crucial role that comprehensive and reliable sustainability data has in making it happen.
The event - Disclosure to Action: How to Scale Sustainable Investment in the EU – is organised by FoSDA (The Future of Sustainable Data Alliance), a multi-member alliance with a mission to advance sustainable finance through high-quality data and analytics, and whose members include the likes of Bloomberg, London Stock Exchange Group, Moody’s and Morningstar Sustainalytics.
The event comes at a critical time
The EU has been at the forefront of green and sustainable finance for several years, badged as a ‘regulatory superpower’ by The Economist. But the release of the EU Omnibus in February, a package of proposals to simplify frameworks such as CSRD, SFDR and CSDDD, signalled a significant reset for the sustainability reporting landscape in Europe.
The FoSDA event is an opportunity to hear from thought leaders in the public and private sector on what this evolving landscape might mean for capital markets. A key focus of discussion will be on how the regulatory framework can be made more coherent, more usable, and how it can best support the provision of, and innovation in, decision-useful information on environmental and social issues.
The role of data
When it comes to the sustainable finance agenda, data has become an essential bridge to take policy from development to implementation.
A good example of this is the EU taxonomy - the classification system introduced across the continent to define what economic activity does or does not facilitate the transition to a low-carbon economy. One of the biggest factors in ensuring the taxonomy actually drives capital allocation on a day-to-day basis, is the products and services that FoSDA members, and other data providers, deliver to investors to help them correctly understand, use and report against the taxonomy.
The vital role of data in policy implementation is what makes FoSDA’s work so critical, and Chronos is delighted to act as secretariat to the initiative. This includes management of FoSDA’s working groups and supporting the recent appointment of new Executive Director Will Goodhart. The Chronos team is excited to be working with Will as he leads FoSDA into its next phase of its development and helps raise the voice of the sustainable data and analytics ecosystem.
Join us to find out what comes next
Will is one of several speakers at this week’s event, which also includes Petr Wagner from the European Commission. Patrick de Cambourg, Chair of the EFRAG Sustainability Reporting Board and Clémence Humeau, from AXA Investment Managers – among many more.
If you would like to join us please click here to see the full agenda and register: https://go.bloomberg.com/attend/invite/fosda_from-disclosure-to-action/
