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Linux Foundation commits to addressing climate change with data and analytics

The organisation's new Climate Finance Foundation will host an open source analytics platform to boost financing for climate solutions and aid decision makers.
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Called the LF Climate Finance Foundation (LFCF), the goal is to asset owners, asset managers, and banks manage climate risk while identifying the climate-aligned companies, infrastructure, capital projects, and technologies that may thrive in a low-carbon economy. Allianz, Amazon, Microsoft, and S&P Global have committed to become founding members.

The Climate Finance Foundation’s planning team includes representatives from the World Wide Fund for Nature (WWF), Ceres, and the Sustainability Accounting Standards Board (SASB).

There is a clear call from major pension funds, banks, governments and civil society for public access to corporate climate data and other data needed for finance to support [the 2015] Paris Climate Accord goals, as well as for better tools to inform financial decisions.

Investors and banks are expected to use the platform to analyse portfolios and individual financings and investments. Governments could use it to make decisions regarding infrastructure investments and developing climate-related policy and regulations. Researchers are expected to use its open data to uncover insights for advancing scalable climate solutions, while investors and NGOs could use the platform to advocate more effectively for corporations to align with Paris Climate Accord goals.

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