The Nasdaq is launching a publicly available, web-based sustainable bond network.

Bond issuers will be able to use the platform to voluntarily publish data and information on their sustainable offerings, aiming to give investors better ability to compare products.

At the outset, the network will feature data from certain European and U.S. bond issuers, with the intention of expanding on an ongoing basis, guided by its advisory board of public and private investment organizations.

The network also includes a voluntary framework for impact reporting aiming to improve comparability between issuers, the released noted.

And the new tool aims to address what the Nasdaq called the “growing need” for better data aggregation in the sustainable bond market.

“As portfolio managers look to keep pace with investor demand, the launch of our Sustainable Bond Network will help our clients evolve their sustainable investing strategies,” says Bjørn Sibbern, president of European markets at Nasdaq. “Based on experience gained building our European sustainable debt markets and our ESG Data Portal, this launch marks the next phase of our mission to increase transparency around sustainability to issuers and investors across the globe.”