Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Solactive takes stake in startup calculating companies’ climate footprint



ImpactAlpha, February 19 – A Frankfurt-based company, called “right. based on science” (yep, that’s their name) says it has developed a model for analyzing companies’ climate contribution and risk exposure, down to the °C degree. Right’s model is compatible with other climate risk models and churns out data that can be used for setting and managing climate targets, risk management, reporting and communication.

German index provider Solactive paid an undisclosed sum for a minority stake in the company. Solactive’s Steffen Scheuble said it was “astounding to see the share of a company’s contribution to global warming in such a tangible and accurate manner.” Right is working on an open-source version of its model.

The deal comes as European investors and oversight bodies ramp up efforts to mitigate climate risk exposure. The Bank of England is instituting climate stress tests for lenders and insurers in the U.K. Sovereign wealth funds in Ireland and Norway are divesting from fossil fuels companies (see, Fossil-fuel divestment is not just prudent asset-management. It’s the law.)

You might also like...