Iceberg Data Lab selected by consortium of investors to develop biodiversity impact metric for investments
Iceberg Data Lab and I Care & Consult have been selected by a leading consortium of investors - composed of Axa Investment Managers, BNP Paribas Asset Management, Sycomore Asset Management and Mirova - to develop a measurement tool for investments’ impact on biodiversity.
This selection was the final step of a structured, highly competitive tender process initiated by a Call for Expression of Interest (CEI) early this year.
This CEI was supported by a landmark Investor Statement, signed by 30+ leading institutional investors from around the world collectively representing over €6 trillion in assets, that emphasized the urgent need for rigorous and comprehensive biodiversity impact metrics. The Statement demonstrates that there is currently an unmet demand for quality research to assist investors in responding to the global biodiversity crisis.
Iceberg Data Lab partnered with I Care & Consult to respond to the CEI by expand its existing biodiversity impact assessment solution, the Corporate Biodiversity Footprint. This database aims to quantify the biodiversity impact of constituents of financial portfolios. This tool will subsequently enable financial institutions to integrate that impact into their investment strategies. Iceberg Data Lab is an independent fintech firm that develops science-based environmental data solutions.
“We unanimously decided to select the innovative approach that combines the data modelling skills of Iceberg Data Lab and the in-depth expertise on biodiversity and methodology build-up of I Care & Consult”
Said Julien Foll of AXA IM, Robert-Alexandre Poujade of BNPP AM, Sarah Maillard of Mirova and Jean-Guillaume Péladan of Sycomore AM.
“We would like to thank the Consortium of Investors for this major initiative that will accelerate biodiversity impact assessment in the finance sector. We are honored that our innovative solution, the ‘Corporate Biodiversity Footprint,’ has been selected in this highly competitive international process. We look forward to cooperating with the Investor Consortium and with all financial actors interested in their strategy to preserve and restore Natural Capital”
Said Matthieu Maurin, CEO of Iceberg Data Lab and Guillaume Neveux, CEO of I Care & Consult.
Read the consortium's full press release here.