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Sustainable finance statistics: Progress, challenges and leveraging digital tools

Author

Listed:
  • Artman, Merve

    (Central Bank of the Republic of Türkiye, Turkey)

  • Bui Quang, Pierre

    (Non-Banking Financial Statistics Unit, France)

  • Demski, Jakub

    (Bank for International Settlements, Switzerland)

  • Esham, Nadia

    (Bank for International Settlements, Switzerland)

  • Izzati, Nur

    (Data Management and Statistics Department, Malaysia)

  • Kling, Leah

    (Via Buffi 6, Switzerland)

  • Nefzi, David

    (Monetary and Financial Statistics Department, France)

  • Peronaci, Romana

    (Directorate General Statistics, Germany)

  • Schlitzer, Christine

    (Sustainable Finance Data Hub, Germany)

  • Schmieder, Christian

    (Bank for International Settlements, Switzerland)

  • Seyhun, Ömer Kayhan

    (Data Governance and Statistics Department)

  • Tissot, Bruno

    (Bank for International Settlements, Switzerland)

  • Triebskorn, Elena

    (Deutsche Bundesbank Central Office, Germany)

  • Yang, Huiming

    (I Cube Building, Singapore)

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.

Suggested Citation

  • Artman, Merve & Bui Quang, Pierre & Demski, Jakub & Esham, Nadia & Izzati, Nur & Kling, Leah & Nefzi, David & Peronaci, Romana & Schlitzer, Christine & Schmieder, Christian & Seyhun, Ömer Kayhan & Tis, 2023. "Sustainable finance statistics: Progress, challenges and leveraging digital tools," Journal of Digital Banking, Henry Stewart Publications, vol. 7(3), pages 198-214, December.
    • Handle: RePEc:aza:jdb000:y:2023:v:7:i:3:p:198-214
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    More about this item

    Keywords

    sustainable development; financial statistics; policymaking; international statistical cooperation; innovation;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

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