Nasdaq has introduced two new offerings from its Capital Access Platforms division to streamline sustainability and impact investing.
The first offering, Nasdaq Metrio is a SaaS-based platform that helps corporates collect, measure, and report sustainability data.
The second product, Nasdaq eVestment ESG Analytics, provides transparency so that investors can make better, data-driven impact investment decisions. The platform also features a new carbon accounting and management product for companies looking to focus on their scope 1, 2, and 3 emissions. It also provides qualitative and quantitative information for the institutional investment community to understand risks and exposures.
The Nasdaq ESG Advisory team released its 2023 Global Net Zero Pulse report to help corporates inform their carbon credit purchase decisions and sustainability initiatives. The report found that only 25% of respondents report net zero commitments at this time, with a majority of companies citing stakeholders as key influencing factors.
Key highlights:
• 25% of companies have set a net zero target and another 25% expect to within two years
• Carbon removal strategies, like those on Puro.earth, are most popular among corporates
• 78% of companies have implemented some type of credit purchase strategy
• 88% of companies feel pressure to set a net zero target as a part of their climate change efforts
• Education is one of the biggest hurdles companies face in developing a carbon credit strategy
“We are committed to meeting current and future corporate and investor needs to help clients unlock return on investment for their sustainability initiatives and impact investing strategies. Our clients look to us to help inform the development of market-based, demand-driven solutions to better navigate the rapidly evolving and impact investing ecosystem,” said Nelson Griggs, President of Capital Access Platforms, Nasdaq.”