Nasdaq to offer ESG workflow and reporting service to its corporate clients

Maria Nikolova

The platform aims to help companies navigate the complex series of corporate sustainability frameworks available in the market today.

Nasdaq Inc (NASDAQ:NDAQ) has earlier today announced it will offer corporate clients an environmental, social, and governance (ESG) workflow and reporting service.

The platform aims to help companies navigate the complex series of corporate sustainability frameworks available in the market today. It streamlines the data gathering and response process to provide a more efficient way to send ESG-related data to ratings agencies and other stakeholders.

The platform supports a raft of sustainability reporting frameworks, including the Global Reporting Initiative (GRI), ISS, MSCI, RobecoSAM, the Sustainability Accounting Standards Board (SASB), Sustainalytics, and the Task Force on Climate-related Financial Disclosures (TCFD), among others.

The new solution further builds on Nasdaq’s ESG-related products and services offered to corporate clients. These include Nasdaq’s ESG Advisory Solution to help companies analyze, assess and implement ESG programs with the goal of attracting long-term capital; Nasdaq Boardvantage, a collaboration solution for boards, committees and leadership teams designed to facilitate paperless modern governance; the Center for Board Excellence, which provides board evaluations and other consultative services designed to advance governance excellence; the Nasdaq Nordic Green Bond Market, one of Europe’s most active Sustainable Debt markets; the Nasdaq Sustainable Bond Network, designed to improve transparency for global green, social and sustainable bonds; and Nasdaq’s global ESG Reporting Guide.

In 2019, Nasdaq marked a number of ESG achievements for its work with clients, as well as within its own global operations. Examples include continued investor demand in its ESG screened Index and Index Futures in Europe; further advancements in its European ESG data offering for institutional and retail investors; and achieving carbon neutrality across all its business operations through the purchase of carbon offsets and renewable energy certificates.

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