ESG Data Platform Metrio
Nasdaq launches ESG data platform Metrio to provide companies with tools to collect, analyze and disclose sustainability data to meet the needs of investors.
Metrio uses SaaS technology and integrates Nasdaq’s existing OneReport tool to enable companies to effectively communicate sustainability progress to investors within an ESG framework. At the same time, Metrio can also provide companies with the measurement and management of Scope 1 2 3 carbon emission data.
Related Post: Bloomberg Releases ESG Data Report
Introduction to Metrio
Metrio was originally founded in 2009 as an ESG data services provider and was acquired by Nasdaq last June. Changing regulatory requirements, rapid growth of ESG investments and corporate commitment to ESG developments in recent years have provided space for its development.
As a data platform, Metrio simplifies the collection, processing and disclosure of ESG data and streamlines collaborative decision-making processes for boards and senior management. Metrio can also help users manage and unlock the value of data and provide assistance to stakeholders.
After acquisition and integration, Metrio can provide the following functions:
- Collect ESG data from different regions and departments.
- Perform automated survey collection.
- Calculate Scope 1 2 3 carbon emission and continuously track them.
- Reduce the risk of greenwashing during the audit process.
- Ensure ESG data complies with regulatory requirements.
Nasdaq believes that Metrio can help companies achieve sustainable development and provide investors with communication channels for ESG investing.