This measures annual greenhouse gas (GHG) emissions by an entity, be it a corporate, country or asset. We measure:
GHG emissions include all relevant greenhouse gases (CO2, methane, nitrous oxide, etc.); non-CO2 gases are expressed in terms of their equivalence in metric tonnes of CO2.
We can express an entity's carbon footprint in absolute terms (total tonnes of CO2 equivalent emitted per year) or we can calculate carbon intensity (tCO2e emitted per financial unit or physical Key Performance Indicator).
Our Science-Based 2°C Alignment (SB2A) metric indicates whether an entity (corporate, nation or asset) is aligned with the Paris Agreement's landmark objective of limiting global temperature rise to well below 2°C compared to pre-industrial levels.
Our analysts calculate the entity's carbon intensity, including Scope 3 whenever relevant. Past trends in emissions performance are taken into account, as well as decarbonization targets. The final score, expressed in °C, represents a global implied temperature rise with which the entity is aligned, through comparison to its sectoral decarbonization target based on external reference trajectories (SBT and IEA models).
Biodiversity collapse is increasingly recognized by stakeholders as a global crisis in its own right. Iceberg Data Lab is at the forefront of developing and applying tools to measure and manage financial institutions' impacts on biodiversity.
Iceberg Data Lab developed the Corporate Biodiversity Footprint (CBF) as an indicator of corporate biodiversity impact. This metric reflects the extent to which ecosystems affected by a company's business have been degraded from their pristine natural state. The score factors in a company's land use, nitrogen deposition, GHG emissions and release of toxic compounds. The indicator is expressed in absolute terms (km2.MSA) and can also be calculated in terms of intensity (km2MSA per financial unit or physical Key Performance Indicator).
The Green Share calculates the percentage of a company's total aligned activities considered to be "green" according to the EU Taxonomy (DNSH and minimum social safeguards). This metric allows fund managers to verify the compliance of their funds with the EU Taxonomy or to implement exclusion/selection criteria.
While traditional metrics tend to focus on one specific environmental issue at a time, the NEC combines various factors (water use, air quality, GHG emissions, biodiversity and resource waste) into a holistic environmental impact. The NEC metric is transparent; any stakeholder is free to join the NEC initiative to contribute to the methodology's development in an open process. For more information, please visit the NEC initiative's site.
The NEC ultimately assigns a score from -100% to +100%, indicating a company's deviation from their sector's average impact.
Iceberg Data Lab provides climate risk metrics to equip financial institutions with a straightforward assessment of the physical and transition risks of their portfolio:
These risks are considered across a full value chain using geography-specific climate data and sensitivity metrics.
Climate risk is expressed in a score and converted to a financial metric, allowing financial institutions to know the value at risk or the depreciation risk of their portfolio due to climate change.
The value of our metrics comes in their application. Given the gravity of the issues at hand - climate change, biodiversity collapse, and more - it is critical to translate environmental data into concrete and scalable applications.
Reporting (complying with TCFD, EU Disclosure Regulation and Taxonomy, Art. 29 …)
Portfolio analysis (listed and non listed companies, real assets)
Engaging with corporates
Construction of investment strategy
Customised environmental tool
Loan book assessment