OPEN SOURCE BREAKTHROUGH FOR
CLIMATE-ALIGNED INVESTING

BLOOMBERG LP JOINS OS-CLIMATE

OS-Climate is pleased to announce that Bloomberg LP has joined its growing community of members. As part of OS-Climate, Bloomberg will help support initiatives aimed at building data and software tools, available to all, that utilize open source technology to help foster the development of solutions in climate and sustainability risk analysis, risk management, and regulatory compliance. In addition, Ben Carr, Bloomberg’s Global Head of Climate Risk Products will represent the firm on OS-Climate’s Governing Board.

OS-Climate Joins Forces with FINOS to Enable Industry-wide Open Collaboration for Climate and Sustainability-Aligned Finance

We are delighted to announce our merger with FINOS, our sister project in the Linux Foundation.

OS-Climate joins FINOS as a Supplemental Directed Fund (the OS-Climate SDF) with a dedicated Governing Board, under the broader oversight of the FINOS Governing Board. It will continue to operate as OS-Climate.

This will dramatically increase OS-Climate’s ability both to drive impact in addressing climate change and biodiversity loss and to help our members address a wide range of pressing challenges in climate-related risk management, regulatory compliance, and finance and investment in transition opportunities.

The Linux Foundation and OS-Climate at

the United Nations COP28 Event

Physical Risk & Resilience Video

At COP28 in Dubai, Linux Foundation OS-Climate presented its physical risk and resilience tool.  BNP Paribas leads our community-based open source project that is developing the tool. It focuses on assessing risk in the bank’s global real estate mortgage portfolio, for credit risk and loan origination use cases.  The tool also could serve public interest use cases ─ for countries, IGOs, bilaterals, NGOs, etc. ─ such as better targeting adaptation and resilience investments in the Global Source for the Ag sector, housing, water and other infrastructure, biodiversity protection, etc.

Data Mesh Video

At COP28 in Dubai, Linux Foundation OS-Climate presented its Data Mesh (formerly Data OS-C Commons).  It addresses the data coverage challenge by enabling data federation from public, proprietary, and commercial sources, while addressing key concerns of data providers.  Red Hat leads the community-based open source project that is developing the architecture and co-leads our related sub-projects such as the PCAF Sovereign Footprint Data “Product.” The Data Mesh treats “data as code” and enables data management for data comparability, interoperability, accuracy, and trustworthiness.