Sustainability data platform ESG Book has partnered with Boston Consulting Group (BCG) to launch LEO, a new solution designed to enable “faster, and more efficient” sustainability disclosure. The tool has been created in response to recent changes incorporate disclosure requirements risking widening data gaps for financial institutions and making data collection “inefficient and incomparable”. The product was built with Google Cloud and uses ESG Book’s platform and BCG’s climate and sustainability data template to align with evolving requirements and supports regulatory reporting, risk management, and opportunity creation. LEO’s modular reporting template has been designed to be interoperable with global standards – including those from the International Sustainability Standards Board and Global Reporting Initiative – adapting to the needs of companies varying in size and location. It also allows publicly disclosed data to be pre-filled into the template, easing reporting burdens by offering access to more than 200,000 disclosures. The tool is being adopted or pilot tested by financial institutions including ING, Lloyds and NatWest to ease reporting burdens for clients, increasing data sourcing efficiency, strengthening resilience, and driving capacity building. “As the demand for reliable and comparable climate-related information continues to grow, a standardised data request and reporting template is essential,” said Roy Choudhury, Managing Director and Senior Partner at BCG. “Our collaboration on the LEO platform leverages BCG’s intellectual property and sustainability expertise to foster an innovative response to this challenge. The platform provides a common framework that helps companies respond more efficiently, making decision-useful information easier to access and interpret.”
