Move encourages companies in Stockholm, Helsinki, Copenhagen, Iceland, Tallinn, Riga and Vilnius to report on ESG Nasdaq has launched a new data portal to allow investors to screen Nordic listed companies on their environmental, social and governance credentials.
The Nasdaq ESG Data Portal was launched in Copenhagen on Monday and is designed to show how listed companies in the Nordic region rank against each other on key sustainability metrics. The company said that around 160 Nordic companies, with a combined market cap of €213bn currently voluntarily submit ESG information to be ranked on the portal, although it is not a formal requirement for companies that list on the Nasdaq Nordic exchange. Suzanne Dahl, vice president of Nasdaq’s Global Information Services division said that a lack of central standardised information remains an issue for many investors.
“A global megatrend is creating investor demand for transparent, comparable and actionable ESG data,” she said in a media statement. “As a central hub in the market, we want to bridge that gap through our innovative new product, creating a standardised ESG reporting.”