GCBC Logo

Crafting the Digital Sustainability Reporting Ecosystem

Crafting the Digital Sustainability Reporting Ecosystem

Year Published

2024

Contributing Organizations

World Alliance of International Financial Centers (WAIFC)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Disclosure Standards
Topic 2
Climate Reporting

Target Audience

All

Relevant Geography

Global
Crafting the Digital Sustainability Reporting Ecosystem

Resource Description

This paper outlines a framework for digital sustainability reporting ecosystems led by financial centers. It introduces a “North Star” vision where financial, climate, and sustainability data flow seamlessly through interoperable, open systems.

Why This Matters

Standardized, machine-readable sustainability data can lower costs, improve transparency, and mobilize finance for climate and development goals.

Key Insights

  • Main challenges: fragmented data, poor interoperability, and high reporting costs
  • Proposes the North Star Framework based on FAIR data (Findable, Accessible, Interoperable, Reusable)
  • Financial centers play a key role in advancing standards, transparency, and sustainable finance
  • Recommends capacity building, open data standards, assurance, and public–private partnerships
  • Cites ESAP (EU), ESGenome (Singapore), and BIFIDEX (Western Balkans) as models

Was this resource helpful?

We'd love to hear from you! You can share your feedback or suggest a resource below.

Share Your FeedbackSuggest a Resource

Related Resources

Importance of Industry-specific Disclosures to Investors - Video resourceImportance of Industry-specific Disclosures to Investors - Video resource

Importance of Industry-specific Disclosures to Investors - Video

2024

IF
Introduction to ISSB and IFRS Sustainability Disclosure Standards resourceIntroduction to ISSB and IFRS Sustainability Disclosure Standards resource

Introduction to ISSB and IFRS Sustainability Disclosure Standards

2024

IF
Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resourceCurrent and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resource

Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities

2024

IF
Navigating the Circular Economy Reporting Landscape resourceNavigating the Circular Economy Reporting Landscape resource

Navigating the Circular Economy Reporting Landscape

2024

EM
Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resourceBriefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resource

Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards

2024

Pf
The Jurisdictional Journey towards Globally Comparable Information for Capital Markets resourceThe Jurisdictional Journey towards Globally Comparable Information for Capital Markets resource

The Jurisdictional Journey towards Globally Comparable Information for Capital Markets

2024

IF
Interoperability Package (UNEP FI, PRB, ESRS) resourceInteroperability Package (UNEP FI, PRB, ESRS) resource

Interoperability Package (UNEP FI, PRB, ESRS)

2024

UN
Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resourceSecond Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resource

Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue

2024

AD
AI
Using the SASB Standards to Meet the Requirements in IFRS S1 resourceUsing the SASB Standards to Meet the Requirements in IFRS S1 resource

Using the SASB Standards to Meet the Requirements in IFRS S1

2024

IF
Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resourceScope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resource

Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments

2024

II
Importance of Industry-specific Disclosures to Investors - Video resourceImportance of Industry-specific Disclosures to Investors - Video resource

Importance of Industry-specific Disclosures to Investors - Video

2024

IF
Introduction to ISSB and IFRS Sustainability Disclosure Standards resourceIntroduction to ISSB and IFRS Sustainability Disclosure Standards resource

Introduction to ISSB and IFRS Sustainability Disclosure Standards

2024

IF
Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resourceCurrent and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resource

Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities

2024

IF
Navigating the Circular Economy Reporting Landscape resourceNavigating the Circular Economy Reporting Landscape resource

Navigating the Circular Economy Reporting Landscape

2024

EM
Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resourceBriefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resource

Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards

2024

Pf
The Jurisdictional Journey towards Globally Comparable Information for Capital Markets resourceThe Jurisdictional Journey towards Globally Comparable Information for Capital Markets resource

The Jurisdictional Journey towards Globally Comparable Information for Capital Markets

2024

IF
Interoperability Package (UNEP FI, PRB, ESRS) resourceInteroperability Package (UNEP FI, PRB, ESRS) resource

Interoperability Package (UNEP FI, PRB, ESRS)

2024

UN
Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resourceSecond Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resource

Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue

2024

AD
AI
Using the SASB Standards to Meet the Requirements in IFRS S1 resourceUsing the SASB Standards to Meet the Requirements in IFRS S1 resource

Using the SASB Standards to Meet the Requirements in IFRS S1

2024

IF
Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resourceScope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resource

Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments

2024

II
Importance of Industry-specific Disclosures to Investors - Video resourceImportance of Industry-specific Disclosures to Investors - Video resource

Importance of Industry-specific Disclosures to Investors - Video

2024

IF
Introduction to ISSB and IFRS Sustainability Disclosure Standards resourceIntroduction to ISSB and IFRS Sustainability Disclosure Standards resource

Introduction to ISSB and IFRS Sustainability Disclosure Standards

2024

IF
Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resourceCurrent and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resource

Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities

2024

IF
Navigating the Circular Economy Reporting Landscape resourceNavigating the Circular Economy Reporting Landscape resource

Navigating the Circular Economy Reporting Landscape

2024

EM
Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resourceBriefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resource

Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards

2024

Pf
The Jurisdictional Journey towards Globally Comparable Information for Capital Markets resourceThe Jurisdictional Journey towards Globally Comparable Information for Capital Markets resource

The Jurisdictional Journey towards Globally Comparable Information for Capital Markets

2024

IF
Interoperability Package (UNEP FI, PRB, ESRS) resourceInteroperability Package (UNEP FI, PRB, ESRS) resource

Interoperability Package (UNEP FI, PRB, ESRS)

2024

UN
Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resourceSecond Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resource

Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue

2024

AD
AI
Using the SASB Standards to Meet the Requirements in IFRS S1 resourceUsing the SASB Standards to Meet the Requirements in IFRS S1 resource

Using the SASB Standards to Meet the Requirements in IFRS S1

2024

IF
Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resourceScope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resource

Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments

2024

II
Importance of Industry-specific Disclosures to Investors - Video resourceImportance of Industry-specific Disclosures to Investors - Video resource

Importance of Industry-specific Disclosures to Investors - Video

2024

IF
Introduction to ISSB and IFRS Sustainability Disclosure Standards resourceIntroduction to ISSB and IFRS Sustainability Disclosure Standards resource

Introduction to ISSB and IFRS Sustainability Disclosure Standards

2024

IF
Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resourceCurrent and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities resource

Current and Anticipated Financial Effects of Sustainability-Related Risks and Opportunities

2024

IF
Navigating the Circular Economy Reporting Landscape resourceNavigating the Circular Economy Reporting Landscape resource

Navigating the Circular Economy Reporting Landscape

2024

EM
Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resourceBriefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards resource

Briefing Paper: A Comparative Analysis of Climate Disclosure Rules and Standards

2024

Pf
The Jurisdictional Journey towards Globally Comparable Information for Capital Markets resourceThe Jurisdictional Journey towards Globally Comparable Information for Capital Markets resource

The Jurisdictional Journey towards Globally Comparable Information for Capital Markets

2024

IF
Interoperability Package (UNEP FI, PRB, ESRS) resourceInteroperability Package (UNEP FI, PRB, ESRS) resource

Interoperability Package (UNEP FI, PRB, ESRS)

2024

UN
Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resourceSecond Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue resource

Second Roundtable of the ADB Institute-ADB Asian Climate Finance Dialogue

2024

AD
AI
Using the SASB Standards to Meet the Requirements in IFRS S1 resourceUsing the SASB Standards to Meet the Requirements in IFRS S1 resource

Using the SASB Standards to Meet the Requirements in IFRS S1

2024

IF
Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resourceScope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments resource

Scope 3 Explained: Helping Investors Take Action on the Value Chain Emissions of Investments

2024

II