KPMG has become a Founding Member of OS-Climate, a collaborative, member-driven, nonprofit platform hosted by the Linux Foundation for the development of open data and open-source analytics for climate risk management and climate-aligned finance and investing.
“Accelerating the mobilization of green capital continues to be one of the critical challenges in the fight against climate change. In providing access to quality data, the OS-Climate platform is an important solution in this battle,” said Global Head of Climate Change & Decarbonization, KPMG IMPACT & Global Head of Renewables Mike Hayes. “KPMG is delighted to be involved with this great initiative.”
“One of the biggest hurdles the world faces in solving climate change is access to climate-related data and analytical tools. OS-Climate seeks to solve that problem, and KPMG believes in and wants to drive that effort,” said Arun Ghosh, Climate Accounting Infrastructure Lead Partner at KPMG LLP.
“The Linux Foundation OS-Climate community is thrilled to have KPMG bring its expertise in technology-enabled ESG integration to the development of the OS-Climate platform,” said Truman Semans, Founder and CEO of OS-Climate. “Working together, we will enable asset owners, asset managers, banks and regulators to greatly improve risk management and accelerate progress toward Paris Agreement goals.”
Four new Founding Members are joining alongside KPMG: the Net-Zero Asset Owner Alliance, BNP Paribas (the first European bank to join the effort), the London Stock Exchange Group and Ortec Finance. They join Founding Members Allianz, Amazon.com, Federated Hermes, Goldman Sachs, Microsoft and S&P Global. The OS-Climate planning team includes leaders from WWF, Ceres and Sustainability Accounting Standards Board.
About the Linux Foundation
Founded in 2000, the Linux Foundation is supported by more than 2,160 members and is the world’s leading home for collaboration on open-source software, open standards, open data and open hardware. Linux Foundation’s projects, including Linux, Kubernetes, Node.js and more, are critical to the world’s infrastructure.
The Linux Foundation’s methodology focuses on leveraging best practices and addressing the needs of contributors, users and solution providers to create sustainable models for open collaboration.
The main parts of the OS-Climate platform are:
After further development and testing with users and stakeholders, OS-Climate will present components of the platform at the 2021 United Nations Climate Change Conference. Its presentation is tentatively scheduled for November 8 in Glasgow, Scotland.
For more information about KPMG IMPACT and how we are helping our clients build a more sustainable future and the firm’s role in OS-Climate, please contact Frank Manahan at firstname.lastname@example.org..
For more information on the organization, click here.