Why is a Trust Framework for data sharing needed?
Lack of trusted data flow is leading to poor decisions that make it more risky and difficult to quantify and invest in the transition to net zero.
Huge quantities of data are being generated from our financial systems, our built world and our environment. But we’re missing the opportunity to use it to get to net zero. To use it, we need to connect it to see the whole picture – it can generate rich insight into lowering emissions, adapting to climate change, and direct financing to impact.
This isn’t a problem that needs new technology. Many attempts to consolidate—new databases and portals—struggle to scale and we’re letting this opportunity slip through our fingers. Our economic and infrastructure systems are being digitalized in a decentralised and distributed way. There is no ‘centre’ in a system like this: we need to connect data, not collect it.
What does a Trust Framework enable?
We want data to flow more easily and this means we need to clarify the rules of the road. We want to reduce the friction of finding, accessing, and using both commercial and non-commercial data in a timely way.
What is Icebreaker One doing?
We’re creating a web of net-zero data – connecting financial, engineering and environmental data to help inform net-zero decisions. Much of this data is restricted, so we’re enabling that web by creating policies and guardrails that ensure data is comparable, machine-readable and trusted. To achieve this we are working across industries and governments.
The Icebreaker One Trust Framework is a set of principles that both codify and operationalise (makes usable) rules to make data flow more easily between organisations. This set of principles and rules are co-designed through the Icebreaker Forum.
The Icebreaker Forum creates multi-disciplinary, multi-sector collaborations with practical outcomes. It enables sectors to create net-zero data strategies and open standards. We also deploy tools that support net-zero data search and access control to accelerate action.
The four foundations of the Icebreaker One Trust Framework for data sharing
The Icebreaker One Trust Framework for data sharing has four foundations. It must be:
- Cohesive — common rules across markets
- Interoperable — common processes, frameworks, connections
- Legal — common frameworks for data rights, liability, redress
- Controlled — common, rights-based consent management for access to data