Sustainable finance statistics: Progress, challenges and leveraging digital tools

Merve Artman, Pierre Bui Quang, Jakub Demski, Nadia Esham, Nur Izzati, Leah Kling, David Nefzi, Romana Peronaci, Christine Schlitzer, Christian Schmieder, Ömer Kayhan Seyhun, Bruno Tissot, Elena Triebskorn and Huiming Yang
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Merve Artman: Central Bank of the Republic of Türkiye, Turkey
Jakub Demski: Bank for International Settlements, Switzerland
Nadia Esham: Bank for International Settlements, Switzerland
Nur Izzati: Data Management and Statistics Department, Malaysia
Leah Kling: Via Buffi 6, Switzerland
Romana Peronaci: Directorate General Statistics, Germany
Christine Schlitzer: Sustainable Finance Data Hub, Germany
Ömer Kayhan Seyhun: Data Governance and Statistics Department
Bruno Tissot: Bank for International Settlements, Switzerland
Elena Triebskorn: Deutsche Bundesbank Central Office, Germany
Huiming Yang: I Cube Building, Singapore

Journal of Digital Banking, 2023, vol. 7, issue 3, 198-214

Abstract: Sustainable finance has attracted increased attention in recent years, and, in turn, the availability of relevant data has become a primary concern. What is currently unclear is how to set up adequate statistical frameworks, to address the associated challenges while benefitting from emerging new opportunities. Given their dual role as both compilers and users of official statistics, central banks are particularly well placed to contribute to these topics. Their experience suggests that making further progress calls for, first, understanding the importance of environmental, social and governance (ESG) issues for the conduct of economic and financial public policies and, second, carefully taking stock of the important statistical compilation initiatives already in train. The third step is to identify sustainable finance information needs and address the related data gaps. Lastly, there is value in leveraging the various opportunities provided by alternative data sources and technology innovation, including through the offering of new digital tools. This paper analyses central ESG issues.

Keywords: sustainable development; financial statistics; policymaking; international statistical cooperation; innovation (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2023
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