The Linux Foundation has announced the intent to form the new LF Climate Finance Foundation (LFCF), a new initiative aimed at addressing climate risk and opportunity.
As part of this undertaking, the LFCF is building an OS-Climate platform that, according to the website, will dramatically boost global capital flows into climate change mitigation and resilience.
Truman Semans, who has led community building to support the OS-Climate platform and to form the LF Climate Finance Foundation, said, “There is a clear call from major pension funds, banks, governments and civil society for public access to corporate climate data and other data needed for finance to support Paris Climate Accord goals, as well as for better tools to inform financial decisions.”
Founding members of the project include Allianz, Amazon, Ceres, S&P Global, and Microsoft, with support from the Sustainability Accounting Standards Board (SASB) and the World Wide Fund for Nature (WWF).
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