Experian has joined the B4NZ ecosystem.
This partnership is said to mark a significant step forward in their shared mission “to enhance the flow of high-quality sustainability data within the UK’s financial system.”
With over half of U.K. small and medium enterprises (SMEs) agreeing “reducing their environmental impact was a top priority but only 22 percent reported measuring their emissions, a priority area will be creating an industry wide SME sustainability data standard.”
The current challenge is a lack of uniformity, “with SMEs having to share different sustainability data information in different forms to lenders, insurers and corporate procurement functions.”
This creates a lack of consistency, comparability and reliability “so creating a single, practical standard tailored to SMEs will improve the overall quality of sustainability data in the market.”
To help drive this standard, Experian is also “looking to build a sustainability bureau.”
This new sustainability bureau will be “a trusted data exchange where businesses can submit information regarding their omission levels in a standardized way, helping them meet environmental obligations and helping lenders get a complete picture.”
This approach serves as a key enabler in “helping adopt a common data standard and trusted data sharing in the UK.”
They are pleased to collaborate with Experian on this important journey “toward achieving net zero emissions and warmly welcome them to the B4NZ ecosystem.”
As noted in the update, Experian is a global data and technology company, “powering opportunities for people and businesses around the world.”
They help redefine lending practices, “uncover and prevent fraud, simplify healthcare, deliver marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics, and software.”
They also assist millions of people to “realize their financial goals and help them to save time and money.”
They operate across a range of markets, from financial services “to healthcare, automotive, agribusiness, insurance, and many more industry segments.”
