Nasdaq Inc. launched its Sustainable Bond Network to improve transparency in the market for green, social and sustainability bonds.

The New York-based exchange group said the publicly available web-based platform is meant to provide investors with comprehensive information and data needed to compare sustainable bonds and help them make investment decisions.

The global online repository will initially house bond data from a select number of European and U.S. issuers then later expand through feedback from a global advisory board made up of public and private investors as well as expert organizations and issuers. Nasdaq said the network also introduces a standard framework for impact reporting.

The network is the latest in Nasdaq's efforts to support sustainable finance and investments, which include its Sustainable Debt Market launched in 2015 and Nasdaq Nordic's ESG Data Portal launched in 2018.

"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," said Bjørn Sibbern, Nasdaq's president for European markets.