Environmental data is that which is based on the measurement of environmental pressures, the state of the environment and the
impacts on
ecosystem
An ecosystem (or ecological system) is a system formed by Organism, organisms in interaction with their Biophysical environment, environment. The Biotic material, biotic and abiotic components are linked together through nutrient cycles and en ...
s. This is usually the "P", "S" and "I" of the
DPSIR model where D = Drivers, P = Pressures, S = State, I = Impact, R = Response.
Environmental data is typically generated by institutions executing
environmental law
Environmental laws are laws that protect the environment. The term "environmental law" encompasses treaties, statutes, regulations, conventions, and policies designed to protect the natural environment and manage the impact of human activitie ...
or doing
environmental research. Environment statistics are usually generated by statistical offices and are considered as environmental data, too.
Socio-economic
Economics () is a behavioral science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analys ...
data and other
statistical data
Statistics (from German: ', "description of a state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, industrial, or socia ...
(often the "D" and the "R" of the DPSIR model) are not considered as environmental data. However, they are to be integrated into comprehensive environmental assessments. Usually this kind of data is held by other institutions than the environmental administration (e.g. National Statistical Offices). The same is true for geo-basisdata, which are not considered as environmental data, but have to be available for environmental policies and environmental information. In recent years, environmental data has become increasingly important to investors, prompting
Bloomberg L.P.
Bloomberg L.P. is an American privately-held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Ze ...
to begin providing Environmental, Social and Governance (ESG) data through their terminals.
All data generated by the execution of environmental law are to be considered as environmental data.
Environmental Data Management Systems (EDMS)
In order to comply with the above requirements and obligations, certain conditions within them must be met. Typically these will include:
*Managing monitoring programmes or schedules, ensuring that the monitoring required in the permit has been done, at the correct locations, for the correct parameters, and at the correct frequency
*Pre-processing, performing calculations and validating the data for compliance with any alert or reporting levels
*Generating routine compliance reports for authorities.
The management of the above can be complex and time-consuming, leading to an increasing uptake of software systems designed to manage
environmental compliance. These are often referred to as 'Environmental
Data Management
Data management comprises all disciplines related to handling data as a valuable resource, it is the practice of managing an organization's data so it can be analyzed for decision making.
Concept
The concept of data management emerged alongsi ...
Systems' (EDMS), the selection of which is subject to a number of key criteria.
There are many drivers for ESG integration. According to one forecast, ESG
assets under management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...
(AUM) will reach $53 trillion in the next four years – a sum that’s equivalent to one-third of all AUM globally. Some of these drivers include: fee pressure, increased regulatory pressure, and demands from asset owners for more funds linked to
sustainable business
A sustainable business, or a green business, is an enterprise that has (or aims to have) a minimal negative (or potentially positive) impact on the global or local environment, community, society, or economy. Such a business attempts to meet the ...
practices as well as social justice.
See also
*
Earth observation
Earth observation (EO) is the gathering of information about the physical, chemical, and biosphere, biological systems of the planet Earth. It can be performed via remote sensing, remote-sensing technologies (Earth observation satellites) or throu ...
*
Semantic Sensor Web
*
Environmental compliance
*
Environment, health and safetyList of MCERTS certified Environmental Data Management Systems
References
{{Reflist
Article 'The advantages of proper environmental data management'DPSIR-Model of the European Environment Agency (EEA)
External links
Environmental Data for Hurricane Impacted AreasMonitorPro environmental data management system
Environmental terminology