Private market managers need to be held to account on climate data reporting

1. Continue to ask for data: asset owners can drive change by making consistent requests for information. 
2. Engage with managers: it is important for asset owners to assess their managers’ internal processes for data collection across private market assets. Where data is not being reported, asset owners should understand the actions being taken to begin reporting, with engagement being used to emphasise data requests.
3. Understand data verification processes: managers should be asked to explain how reported data has been tested. This will help to ensure accuracy and can give confidence in the approach followed. 
4. Be pragmatic: there may be some assets for which data collection is impractical or uneconomic. Understanding where asset managers are not pushing for data and why is vital. 
5. Encourage transparency: it is more beneficial for managers to report on some metrics rather than not reporting at all because they have some gaps. Managers must be urged to assess both the relative significance of data gaps, and the actions that they are taking to ensure that climate risks are being managed effectively. 

ima.jacksonobot@ft.com