The directory helps financial sector stakeholders identify important and relevant climate-related data sources to meet their needs and facilitate access to these data. It also facilitates the identification of potential data gaps (where raw data items needed to construct a metric are not available) and creates incentives to bridge such gaps.

As a living catalogue of available climate-related data sources for financial sector stakeholders, the directory is a public good. Besides, in fostering the establishment of comparable and consistent climate data, the directory can support the implementation of the International Sustainability Standards Board (ISSB) global standards.

Hence, the NGFS hopes it will be used widely by financial sector stakeholders and the public globally, as a widespread adoption will in turn allow users to feedback to NGFS on the latest data sources and sustain the relevance of the directory. They urge all interested participants to take advantage of this new tool and leverage it to effectively green the financial system.