France’s central bank, Banque De France, along with global insurance and asset management provider Generali Group, and French public service additional pension scheme ERAFP, have selected Iceberg Data Lab (IDL) as their Environmental, Social, and Governance (ESG) data provider.
IDL, an independent green fintech company, offers quality, science-based environmental data solutions tailored to financial institutions. Through its impact calculation platform, clients can access a comprehensive dataset to evaluate the environmental impact of their portfolios, inform sustainable investment strategies, manage risks, develop environmental impact reporting, and more.
A recent addition to IDL’s product suite is Barbatus, the world’s first and only ESG AI assistant. Barbatus enables real-time access to transparent answers regarding the ESG data of portfolio companies.
The decision to choose IDL reflects the growing need for reliable ESG data among financial services organizations. Banque De France, as the first central bank to commit to mitigating its biodiversity impact, has started using IDL’s Corporate Biodiversity Footprint metric to measure the impact of its equity capital portfolio and employee pension commitments on biodiversity loss. Similarly, ERAFP is collaborating with IDL to analyze the exposure of its listed asset portfolios to climate change and biodiversity issues. For Generali Group, IDL’s products will guide their investments in favor of the ecological system, leveraging IDL’s proprietary Corporate Biodiversity Footprint and Net Environmental Contribution metrics.
By partnering with IDL, these financial institutions aim to integrate ESG considerations into their decision-making processes. IDL’s extensive dataset, coupled with its AI assistant, empowers clients to align their investments with sustainable practices and contribute to positive environmental outcomes.
Overall, this collaboration highlights the increasing recognition of the importance of ESG data in the financial industry. As organizations strive to incorporate environmental considerations into their strategies, solutions like IDL’s platform play a crucial role in promoting sustainable investments and addressing global challenges such as climate change and biodiversity loss.
