Global technology company Nasdaq has boosted its environmental, social, and governance (ESG) operations through acquisition of OneReport.
Nasdaq recently revealed its ESG reporting and workflow solution and OneReport’s data management and reporting service will help accelerate development. The new platform, Nasdaq OneReport, is now available to companies.
The new tool aims to bolster engagement and collaboration with issuers looking to improve clarity with ESG reporting.
OneReport offers a software platform that enables organizations to navigate responsibility frameworks, pilot information capture and response process, and supply ESG data to ratings agencies and other stakeholders.
Founded in 2003, the platform can integrate with existing reporting frameworks and clients to ease the collection of data.
OneReport president Janice Warren said, “We are excited to join together with Nasdaq as we continue our mission to advance responsible ESG performance and disclosure, while streamlining the corporate responsibility and ESG disclosure process.”
Earlier in the year, Nasdaq released another new service, a data discovery capability for trade surveillance. The tool empowers compliance teams to access deeper insights into activity and access more context for market abuse.
ESG has become of growing importance in finance. The European Banking Authority recently released an action plan on sustainable finance, which included new ESG factors which need to be met.
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