Nasdaq Announces ESG Reporting Technology Solution
New platform seeks to simplify corporate sustainability and ESG reporting process for public companies
NEW YORK and STOCKHOLM, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) announced today it will offer corporate clients an environmental, social, and governance (ESG) workflow and reporting service. The platform seeks to help companies navigate the complex series of corporate sustainability frameworks available in the market today, streamlining the data gathering and response process to provide a more efficient way to send ESG-related data to ratings agencies and other stakeholders.
Sustainability reporting frameworks supported by the platform will include 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.
“Our clients face several challenges with the ESG reporting process, including the lack of control over data management and survey fatigue due to the variety of raters and reporting frameworks,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We believe that we are uniquely positioned to solve for these challenges given the thousands of clients who rely on Nasdaq for counsel on a range of sustainability and governance-related issues. The new platform will broaden our strategic collaboration with corporates who are seeking new ways to bring efficiency and simplicity to the ESG reporting process.”
The new platform further builds on Nasdaq’s ESG-related products and services offered to corporate clients. These include Nasdaq’s Solution to help companies analyze, assess and implement ESG programs with the goal of attracting long-term capital; , a collaboration solution for boards, committees and leadership teams designed to facilitate paperless modern governance; the , 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 markets; the , designed to improve transparency for global green, social and sustainable bonds; and Nasdaq’s global .
In 2019, Nasdaq achieved a number of significant for its work with clients, as well as within its own global operations. Examples include continued investor demand in its and in Europe; further advancements in its European ESG data offering for and investors; and achieving carbon neutrality across all its business operations through the purchase of carbon offsets and renewable energy certificates.
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About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on , on Twitter , or at .
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to Nasdaq’s new ESG reporting platform and the benefits of the offering, and statements about Nasdaq and its other ESG related products and services. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Nasdaq Media Contacts:
Will Briganti (U.S.)
(646) 964-8169
Erik Granström (Europe)
-NDAQF-
