Climate Data Supporting TCFD-Aligned Regulations

Originally posted Dec. 20, 2023

The growing need for climate-related financial disclosures around the globe requires Climate research and data that can support the assessment of climate risks and opportunities and the fulfilment of disclosure requirements. Morningstar’s Climate Solutions aim to help meet those needs.

To support growing requirements of TCFD-aligned regulations, our carbon emissions dataset is being enhanced to provide better coverage of currencies as well as a number of datapoints often required in these regulations.

What’s changing?

Below is an overview of the changes to the Carbon emissions dataset in Morningstar Fund API Center:

• A full detail of the below fund-level changes is available here.
  • The new Carbon Emissions Multicurrency API pulls Carbon Emissions data in different currencies.
    • Client Action: Your firm is entitled to this new API and can start consuming data from it as you see fit.
  • We updated the definitions of 28 data points in the existing Carbon Emissions API and in Fund API Center’s UI.
    • Client Awareness: No client action is needed, but please be aware of the updated definitions associated with these data points.
  • We have added 185 net new data points to the current Carbon Emissions API.
    • Client Action Need: If you have an API or feed pulling this data, please update your API or feed to include the newly added data points as you see fit.

The Carbon Emissions dataset is an important part of our suite of Climate solutions, offering you the research and data you need, and supporting portfolio aggregation and reporting capabilities to meet your investment workflow needs.

To learn more about our Climate solutions, please get in touch with your Morningstar customer success manager today or visit our Climate solutions page.