ESG house Arabesque has acquired The Reporting Exchange - an open-source corporate disclosure database - from the World Business Council for Sustainable Development (WBCSD).
The German data and investment firm has become the new 'host' of the platform, which was launched in 2017 by WBCSD in collaboration with the Climate Disclosure Standards Board. The financial terms of the deal were not disclosed, but it comes as part of a wider strategic partnership between Arabesque and the World Business Council.
The WBCSD was founded in 1995 and has more than 200 corporate members including Google, Shell, Total, Unilever and Vale. Arabesque is also a member.
It describes the Exchange as the “go-to resource for ESG reporting“, where users can find “comprehensive and reliable information on ESG reporting requirements and resources”.
Arabesque and WBCSD said that the Exchange will continue to be free to access, but added that the move will allow the…