Financial information provider SIX has expanded its ESG and regulatory risk data coverage with the addition of a climate data offering.
The product brings together data sets on regulatory, historical and forward-looking climate impacts, providing modelled and reported emissions data covering more than 33,000 companies across geographies and industries.
This includes the global Greenhouse Gas Emissions Dataset from environmental data disclosure platform CDP, which SIX has recently partnered with.
Using the data, clients will be supported in the reporting and monitoring of climate factors, climate-related investment choices and risk decision making, SIX says.
The expansion comes in response to increased regulatory scrutiny around climate-related data, such as the worldwide Task Force on Climate-Related Financial Disclosures (TCFD), the EU’s Sustainable Finance Disclosure Regulation (SFDR) and the US Securities and Exchange m Climate Disclosure Rules.
Martina Macpherson, head of ESG product strategy and management for financial information at SIX, says: “Understanding, measuring and managing climate risk and opportunities, as well as the impact that these can have on investment decisions, is a critical area of focus for market participants and policy makers alike.
“As more climate risk monitoring and reporting is required globally, the cost of compliance is increasing – both in operations and in terms of specialist ESG resources. SIX works with established providers of basic and specific ESG and climate data in the market."
