Data management and software provider Seneca ESG has become the latest vendor to join the ESG Data Convergence Initiative (EDCI), which provides a common sustainability reporting framework for private equity.
Seneca said that through its membership, the company will help clients feed data pertinent to EDCI’s core set of standardised metrics via a dedicated API. That data can be accessed by limited partners to help guide their decision-making processes.
“By joining EDCI, Seneca ESG strengthens its commitment to advancing responsible investing and transparent ESG reporting in private equity markets,” said Seneca ESG chief executive Jonathan Ha. “Unified ESG metrics allow all stakeholders to gain clearer insights and measure progress in ways that were previously challenging.”
The EDCI was created by a group of global investors and Boston Consulting Group.
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