On Wednesday, SIX, a Swiss financial information provider, said it had arranged a partnership with Urgentem, an independent provider of carbon emissions data and climate risk analytics . Among other elements, the deal aims to support Urgentem’s clients to meet climate-related requirements, which can include reporting of emissions data, tracking alignment with climate goals and stress testing.
From today, SIX will offer Urgentem’s comprehensive data set of emissions data, which includes detailed granular data on carbon emissions for the largest 5,000 companies worldwide, as well as modeled data for over 30,000 securities, Emission Reduction Targets and Temperature Score data sets. With extensive quality control and data cleaning, SIX clients can access all the data sets via Secure File Transfer Protocol (SFTP).
“Climate is a key component of ESG considerations for businesses, and one that is set to increase in importance as governments and financial institutions navigate the transition to net zero. We welcome this new partnership with Urgentem, the benefits for our clients are two-fold. As well as providing insights to help understand regulatory trends centred on carbon emissions, the data better facilitates informed decision making of individual investors when it comes to understanding the impact of the entire supply chain,” Shai Popat, the Managing Director of Content & Product Management and Financial Information at SIX, commented.
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Girish Narula, the CEO at Urgentem, added: “We are excited to partner with SIX to offer greater transparency and collaboration across sustainable investment decision-making. With mounting pressures from regulators and investors, our data helps financial institutions adhere to new regulatory requirements, such as the Task Force on Climate-related Financial Disclosures (TCFD), and supports the implementation of strategies in the move towards global climate-related targets.”
In April, SIX announced the launch of its new IT clearing infrastructure for the Nordic markets. The platform is based on Nasdaq technology and has been operational since March 28.
