New Alliance Helps Close Sustainable Data Gap


Gaps in ESG data are among the factors influencing the adoption of sustainable behavior and financing. How will the recently launched Future of Sustainable Data Alliance (FoSDA) help to understand what data investors and governments need to meet the requirements of regulators, citizens and market demand for sustainable investments and portfolios to 2030?

  1. Reliable ESG data is a critical requirement for effective sustainable investment and for achieving the UN’s 17 Sustainable Development Goals.
  2. At January’s World Economic Forum in Davos, Refinitiv was one of the founding partners behind the launch of FoSDA.
  3. FoSDA aims to foster co-operation between regulators and the industry, empowering all organizations to help to understand what data investors and governments need to meet the requirements of regulators, citizens and market demand for sustainable investments and portfolios to 2030.

As the COVID-19 impact is felt around the world, we cannot lose focus on the urgent need to protect our planet and address the many social and environmental challenges faced by all.

What we invest in and how we invest needs to change, and we urgently need to plot the path to get there by understanding the data needs of the future and urgently making progress to make it available.

Significant growth in sustainable investment is evident towards our 2030 goals, but our efforts, nonetheless, remain in the starting blocks.

Become a supporter of FoSDA

Despite many governments and regulatory bodies developing policies focused on sustainable investment as part of their strategies to meet the SDGs, no country is as yet on track to meet the 2030 deadline, and the COVID-19 crisis has moved us even more off track.

Therefore, reliable ESG data – which can help guide the allocation of trillions of dollars of investment capital – is now a critical requirement for effective sustainable investment.

Watch: Future of Sustainable Data Alliance: David Marsh

ESG data: evolution in action

The need for standardized, accessible data to guide the financial industry — as well as governments, central banks and regulators — on how best to incorporate ESG risk into decision-making processes has grown in recent years.

There has been much progress in disclosure standards, driven in particular by the Task Force on Climate-Related Financial Disclosures. Despite this, the available data still needs more depth, breadth and connectivity.

Significant work is also needed to address fundamental data requirements in climate risk assessment, water, waste, and biodiversity for environmental risk assessments.

To successfully ensure that the world shifts towards a sustainable future, ESG data — the bedrock of sustainable financial markets — needs to continue its evolution. To become truly valuable, data needs to be complete, coherent, and comparable.

There is an urgent need for the industry to identify gaps in existing data sets, plan for future data needs and pinpoint what it is that the investment community needs in order to make better and more impactful investment decisions at scale.

Future of Sustainable Data Alliance

Against this backdrop, Refinitiv spearheaded the formation of a new multi-member alliance. In January 2020, we launched the Future of Sustainable Data Alliance with the World Economic Forum in Davos.

The other founding partners are the World Economic Forum, United Nations, IIF, ASIFMA, Tsinghua University, OMFIF, GFMA, Climate Bonds Initiative, FinTech4good, Everledger, Oxford University, The Spatial Finance Initiative, Catapult, Finance for Biodiversity, and GoImpact.

This newly formed collaborative body of global influencers will focus on the fact that investors actually need to confidently invest more in sustainable economic activities.It will also aim to accurately inform and increase capital raising and allocation at the scale needed to tackle global societies’ environmental and social challenges.

FoSDA has the following key goals:

  • To articulate the future data requirements that investors and governments need to accurately integrate ESG data into decision-making processes.
  • To highlight new technology and data sets, in a post-COVID-19 world, there is even more need to channel stimulus that can support a just transition to sustainable development.
  • To determine data needs and how to satisfy them for investors who want to take greater account of SDG-related risks and impacts.

The Future of Sustainable Data Alliance will lead the way in delivering decision-ready data to the investment community, and in so doing, empower all stakeholders to make better, more sustainable decisions.

FoSDA members will strive to foster an evolving mindset; co-operate with regulators and the industry; and work to empower all organizations to meet our shared goals of economic stability and inclusive growth.

As we step into a new decade, it is this form of deep collaboration that will ensure that we have the right mix of data, tools and human expertise necessary for all stakeholders to make a positive and informed contribution to the fulfillment of the UN’s SDGs.

Tell us about your company and how you can help FoSDA achieve its sustainable data goals this year.

Biodiversity loss: Why your portfolio is already at risk

Data Governance: Avoid the Damage of Data Restriction

How is biodiversity loss impacting your investment portfolio?

The World Economic Forum (WEF)’s 2020 Global Risks Report ranks biodiversity loss and ecosystem collapse as one of the top five risks in terms of likelihood and impact in the coming 10 years.

Compounding this, COVID-19 demonstrates the staggering scale of nature-related systemic crises.

Join The Future of Sustainable Data Alliance and the Finance for Biodiversity (F4B) Initiative for a webinar on Wednesday 27 May, where we will discuss biodiversity- and nature-related financial risks, and how to leverage data to create a more sustainable investment portfolio.
Key take-aways include:

  • Understanding the current state of biodiversity, and nature-related financial risks
  • One world – How does biodiversity loss affect the global financial system?
  • How are policy-makers and industry players responding to these risks?
  • In the face of COVID-19, what lessons can we learn about nature?

Event Info

Date: This webinar is over. You can still access the webinar on-demand through the form on the right. Time: – Location: Complete the form on the right to access the recording Speakers:

  • Robin Smale, Director, Vivid Economics
  • Ladislas Smia, Co-head of Responsible Investment Research, Mirova
  • Julia Walker, Head of Government and Industry Affairs, Sustainable Finance and Risk, Refinitiv
  • Jean-Guillaume Pelada, Fund Manager, Head of Environmental Strategy, Sycomore AM

Robin Smale
Director, Vivid Economics

Robin is an economist who focuses on business and government strategy in resource-based sectors, manufacturing and infrastructure. He specialises in the market-state interface, especially resources management, corporate strategy, investment decisions, financial structures and financial market development, legal, regulatory and institutional reform. Much of his current work is focused on finance related land use and biodiversity, and provision of green infrastructure in and around cities.

Over the last two decades, he has worked with a large number of companies and government departments across a great range of problems. His commercial clients include firms in the following sectors: oil and gas, power, water, waste, chemicals, paper, glass, rail, aviation, shipping, technology, and food. His public clients include national governments, government agencies and regulators, as well as private equity, banks, infrastructure funds, strategic advisory firms, and legal services.

He was a founder member of the UK government’s Natural Capital Committee and acts as an international expert to the China Council. He oversees Vivid Economics’ finance and legal operations.

Ladislas Smia
Co-head of Responsible Investment Research, Mirova

Ladislas Smia is co-head of the Responsible Investment Research department at Mirova, the Responsible Investment division of Natixis Investment Managers. He began his career at PwC as a consultant in sustainable development, where he spent 3 years. In 2010, he joined Natixis Asset Management as an SRI analyst, specializing in investment in Energy and Information & Communication Technologies. Ladislas Smia is a graduate of the engineering school “Les Mines de Nancy”. He is also a graduate of the HEC Paris business school, with a Masters in Sustainable Development.

Julia Walker
Head of Government and Industry Affairs, Refinitiv

Julia is currently the Global Head of Government and Industry Affairs focusing on Sustainable Finance and Risk at Refinitiv. She is also Author/ Editor of ‘Sustainable Development Goals; Harnessing business to achieve the SDGs through Finance, Technology and Law Reform’ published by Wiley Uk, 2019, and contributor to ‘The RegTech Book’.

Jean-Guillaume Peladan
Fund Manager, Head of Environmental Strategy, Sycomore AM

Jean-Guillaume Péladan has been working for 14 years as an engineer in wastewater treatment, then as managing director of waste management business units of Suez. He completed this field experience with a couple of years at the Boston Consulting Group. In 2010, he joined the French Environment and Energy Management Agency, ADEME, as Director of Investments for the Future, in charge of a €3.3bn funding program dedicated to innovation for the green transition. In 2015, he joined Sycomore AM as head of the environmental strategy and launched Sycomore Eco Solutions, the first listed equity fund to get the Greenfin certification in 2016. His work led to the development of the Net Environmental Contribution, an advanced metric, tested and deployed over more than 2,000 issuers and shared on the open-source platform of the NEC initiative since 2019.

Graduated with a Master’s degree of science from Ecole Polytechnique and of engineering from Mines ParisTech, Jean-Guillaume is an environmental expert, a lecturer and a writer. He has been engaged in NGOs, such as The Shift Project and the French Center of Young Entrepreneurs. He is currently board member of the French Sustainable Investment Forum and of the NEC initiative.

Future of Sustainable Data Alliance

The Future of Sustainable Data Alliance

Launched at the World Economic Forum Annual Meeting 2020, The Future of Sustainable Data Alliance was formed to ensure investors and governments have the data they need to meet the requirements of regulators, citizens and market demand for sustainable investments and portfolios.
Together with our partners, we aim to achieve the following goals:

  • Articulate future data requirements of investors and governments to accurately integrate ESG data into decision making
  • Determine data needs and how to satisfy them for investors wanting to take greater account of SDG related risks and impacts
  • Promote new capabilities – highlight the key role that new technology and data sets must play in the transition to sustainable development