The World Bank is launching a new Sovereign Environmental, Social, and Governance (ESG) Data Portal. Since the beta version of portal launched in 2019, it has already become an influential resource for the financial sector. It is being used by asset managers, investment banks, rating agencies and other ESG data providers to inform sovereign ESG investments. With this experience, the data portal team saw an opportunity to incorporate user feedback and to build on past successes by filling important data gaps, adding new indicators to the framework and helping users better leverage the full potential of the World Bank’s sovereign ESG data.
With a growing body of research demonstrating the materiality of ESG, investors need to manage and assess ESG risks and opportunities associated with their investments. The World Bank Group collaborates with investors and other market participants to provide financial markets with improved sovereign ESG data and analytics that increase transparency around countries’ sustainability performance. With better ESG data, financial flows can be channeled to more sustainable activities that are better aligned with the Sustainable Development Goals.
New additions to the data framework
Consistent with the Bank’s commitment to data transparency, the new portal will continue to make high quality ESG data widely available. Users that have relied on the beta version of the portal to obtain their sovereign ESG data can continue to do so in the same way going forward.
Digging deeper into the data
Country profile pages collect all relevant ESG data, including new land cover profiles and wealth accounting data, in one place. The income adjustment tool helps users understand how the ingrained income bias affects various indicators – and how one can adjust for it. Interactive indicator graphs compare countries’ ESG performances with those of peer countries of the same income group, geographic region or climate classification. A score builder tool constructs customized ESG scores in a 3-step process where users can determine the countries, indicators and aggregation method.