The Future of Sustainable Data Alliance (FoSDA) is a multi-member alliance launched in January 2020 at the World Economic Forum in Davos, spearheaded initially by Refinitiv and the World Economic Forum. Its core mission is to become the leading voice of the sustainability data and analytics ecosystem by fostering collaboration among financial markets to tackle global environmental and social challenges through comprehensive, high-quality ESG (Environmental, Social, and Governance) data and related technology. The alliance recognizes that investors and regulators globally need reliable, decision-ready ESG data to confidently invest in sustainable economic activities and to accelerate the transition toward sustainable development.
FoSDA was formed by a coalition of founding partners including major global financial and sustainability institutions such as the Institute of International Finance (IIF), Asia Securities Industry & Financial Markets Association (ASIFMA), Tsinghua University, OMFIF, the Global Financial Markets Association (GFMA), Climate Bonds Initiative, FinTech4Good, Everledger, Oxford University, the Spatial Finance Initiative, Catapult, Finance for Biodiversity, and GoImpact. Bloomberg joined as a partner in 2021, and other prominent members include S&P Global, Moody’s Corporation, EcoVadis, Morningstar Sustainalytics, London Stock Exchange Group (LSEG), SIX, CDP, and Icebreaker One.
The alliance operates as a fully-fledged standalone membership organization since 2023, moving from an informal coalition to a formal entity with deep expertise, thought leadership, and multi-stakeholder engagement to improve the availability and reliability of sustainability data. The alliance promotes regulatory alignment and development of standards for ESG data, recognizing the crucial role of data integrity and quality in sustainable finance policy and investment decision-making. FoSDA engages actively with policymakers and industry to set key principles for the use of ESG ratings, scores, and data products to ensure effective regulatory frameworks.
FoSDA is headquartered in England and registered with the EU Transparency Register under number 928189941766-95. The alliance boasts a network of influential members and partners spanning financial services, technology, academia, and sustainability advocacy, aiming to deliver actionable insights that support investors integrating sustainability into their strategies globally. Its focus extends to fostering innovations such as data infrastructure, analytics, and integration of biodiversity and climate considerations into financial decision-making.
Overall, FoSDA stands as a vital platform in the sustainable finance ecosystem, facilitating collaboration among diverse stakeholders to enable markets to channel capital efficiently toward sustainable outcomes through improved ESG data and analytics.
