Red Hat has joined OS-Climate (OS-C), a Linux Foundation-backed open source project, to provide technical acumen and resources to help OS-C build a “Data Commons” that serves as an open data ingestion, processing and management platform for members to collaborate on standardizing and improving the accuracy of corporate climate and environmental, social and governance (ESG) metrics.
The resulting curated library of public and private sources can then be used to help bankers, asset owners, asset managers and regulators assess climate risk and opportunity as elements of financial decision-making.
As part of its membership, Red Hat will commit a team of eight solutions architects, data engineers and software engineers to the project, emphasizing the creation of OS-Climate Data Commons. The company will also provide community management resources to help OS-C establish the proper infrastructure and collaboration processes to effectively engage its growing membership.
The open source model championed by Red Hat and selected by OS-C is aimed at enabling the creation of a complex, multi-layered ecosystem for OS-C members, including an open data platform that can be adopted by individual organizations for their own specific uses.