02.04.2020

Nasdaq Acquires ESG Reporting Service

02.04.2020
Shanny Basar

Nasdaq, Inc. announced the acquisition of OneReport, Inc., a privately-held provider of corporate responsibility and environmental, social, and governance (ESG) data management and reporting services. OneReport will accelerate the delivery of Nasdaq’s recently-announced ESG reporting and workflow solution, to be named Nasdaq OneReport. The platform is now available to companies as part of the suite of solutions offered by Nasdaq’s Corporate Services business.

“Nasdaq OneReport will broaden our strategic engagement and collaboration with issuers who are seeking clarity on ESG reporting,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We are strongly positioned to solve these challenges given the thousands of clients globally who rely on Nasdaq for counsel on a range of investor relations, governance, and sustainability-related issues.”

ESG data has increasingly become an important resource for investors seeking performance indicators, but also for public companies trying to increase operational efficiency, decrease resource dependency, and attract new customers and employees.

Since 2003, OneReport’s software platform has helped leading organizations navigate corporate responsibility frameworks, pilot the information capture and response process, and deliver ESG data to ratings agencies and other stakeholders. OneReport addresses the daunting array of frameworks by offering an easy and efficient tool for managing data internally, and in turn, connects companies to the industry’s leading ESG raters.

“We are excited to join together with Nasdaq as we continue our mission to advance responsible ESG performance and disclosure, while streamlining the corporate responsibility and ESG disclosure process,” said Janice Warren, President, OneReport.

Source: Nasdaq

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