ICE partners with Dun & Bradstreet to expand climate risk offering

Intercontinental Exchange, Inc. (ICE), a global provider of data, technology and market infrastructure, has announced an agreement with Dun & Bradstreet, a global provider of business decisioning data and analytics, to leverage its global supply chain and corporate location data to expand its climate risk offering globally.

ICE stated that by leveraging Dun & Bradstreet’s supplier network and location data, the firm plans to expand its geospatial data and intelligence platform on a global level, which can enable multi-asset class climate risk analysis for private and public companies, sovereigns, and real estate portfolios around the world.

The expansion will also allow for ICE to be able to provide climate metrics on more than four million unique fixed income securities globally.

Additionally, Dun & Bradstreet’s supplier network provides transparency into over 68 million connections between clients and their suppliers.

The firms location data on hundreds of millions of active companies, can help enable organisations around the world to standardise, verify, and extend the necessary business data needed to help manage risk and maximize opportunity across the enterprise.

Part of the agreement also shows that Dun & Bradstreet plans to integrate ICE’s Climate Transition Data, which includes access to emissions and target data for 30,000 different companies dating back to 2010, into its ESG Rankings, which are built around ESG data gathered from millions of globally trusted sources.

The rankings are organized into 13 ESG themes and 31 specific categories to help businesses understand certain risks and opportunities.

Both ICE and Dun & Bradstreet’s combined capabilities can provide asset managers, banks, and other investors with more transparency into the physical risk exposure of companies and their suppliers.

Larry Lawrence, Head of Sustainable Finance Products at ICE, commented on the agreement: “We’re excited to work with Dun & Bradstreet to introduce much needed transparency about the climate and ESG characteristics of companies based on their geographic footprint and global supply chain exposure. This data integration and our global expansion efforts can harmonize climate models across municipal, mortgage-backed securities and now corporates, sovereigns and real estate.”

Gary Kotovets, Chief Data and Analytics Officer at Dun & Bradstreet, added: “This agreement with ICE is an important step in further expanding our ESG Intelligence solutions, which will now include scope 3 emissions data. It is our mission to become the gold standard ESG ranking between companies and investors as they seek to make sustainable decisions with confidence.”

Source: Reinsurance News,

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