ESG Data Convergence Initiative (EDCI)
The ESG Data Convergence Initiative (EDCI) is a collaborative initiative between LPs and GPs, the aim of which is to enable comparative reporting around a set of ESG metrics that are jointly deemed as ‘core metrics’ by members of the project. Concretely, the EDCI combines reporting metrics from the ISO, the ILO, SASB Standards, GHG Protocol, and GRI into one consolidated framework.
It is a newcomer to the world of ESG metrics and measurement, but its aim of combining the most popular and effective ESG standards and frameworks existing in the world today brings a great deal of experience and expertise together under one banner. While only created in September 2021, this initiative is expected to grow, especially as the metrics it uses are developed and refined with each annual cycle of data collection.
Key facts |
|
Year | 2021 |
Region | International |
Scope of Information | Environmental, Social, and Governance issues |
Industry Agnostic or Specific | Industry-specific metrics used |
Target Audience | GPs and LPs |
Approach to Materiality | Enterprise value creation |
Time Horizon | Will grow to cover long-term, but initially and in practice focuses on short-term, with annual cycles of data collection |
Key Outputs |
|
Investor coalitions and initiatives
In this section of the guide
Explore all sections of the guide
Reporting template and tools
ESG reporting template ESG life cycle tool SFDR tools TCFD tools Timelines
Mapping of voluntary frameworks and standards
Definitions and distinctions Who is who Scope of information
Deep dive for VCs and investors
ESG reporting from a VC perspective ESG reporting from an investor perspective
