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	Standardised set of continually reviewed ESG metrics for private markets, simplifying the process of GPs reporting ESG performance to LPs Critical mass of performance-based ESG data, allowing benchmarking and comparison