For a long time, investing was all about financials: returns, risk models, balance sheets. Today, this is no longer enough. Markets are shifting, and so are the risks: climate change, supply chain disruptions, regulatory uncertainty.Traditional data alone can’t capture the full picture anymore. That’s where extra-financial data come in. They give insight into a company’s environmental footprint, governance quality, and social impact: things that can determine whether a business is built to last. The problem? These data are still all over the place. Some companies report a handful of metrics, others don’t. Standards are inconsistent, and trying to compare sustainability data between firms can feel like matching apples to oranges. Regulations are evolving, but slowly, and while technology is making data collection better, it hasn’t solved the deeper problem: how to actually use these data in investment decisions. This paper takes a close look at what’s working, what’s not, and what needs to change. The bottom line? Investors who rely only on traditional metrics will be flying blind in a world where extra-financial risks are becoming just as critical as financial ones. The firms that figure out how to integrate these insights, beyond just ticking compliance boxes, will be the ones that stay ahead.