ICE and Dun & Bradstreet Collaborate on Climate Risk Data
Intercontinental Exchange, Inc. (NYSE: ICE) and Dun & Bradstreet Holdings, Inc. (NYSE: DNB) have announced an exciting partnership aimed at launching a new climate risk data offering tailored for privately-held companies on a global scale. This innovative service is set to deliver crucial transition risk data alongside Greenhouse Gas emissions insights across various scopes. The collaboration anticipates providing one of the most extensive climate data resources available, targeting tens of millions of both public and private businesses.
Transformative Collaboration for Climate Intelligence
In a world where the effects of climate change are increasingly being felt across industries, this partnership is a prime example of forward-thinking innovators coming together. Chris Edmonds, who serves as President of ICE’s Fixed Income & Data Services, emphasizes the merging of Dun & Bradstreet’s comprehensive business intelligence with ICE’s climate capabilities. This unique combination not only meets the rising demands from customers, regulators, and investors but also streamlines access to a singular source for climate-related data and analytics.
Expansive Data Coverage
Dun & Bradstreet boasts a robust private company database enriched with proprietary insights, encompassing utility spending, shipping, and supply chain datasets. Each data point is interconnected through the established D-U-N-S Number, facilitating a deeper understanding of an expansive array of public and private companies worldwide. This consolidated approach ensures that the new climate data service will be comprehensive and beneficial for various stakeholders.
Enhanced Geospatial Intelligence
Integrating ICE’s geospatial intelligence platform with Dun & Bradstreet’s extensive offerings empowers this new service with advanced analytical capabilities. The framework includes transition emissions and crucial physical climate data pertaining to over 110 million properties in the U.S. Furthermore, the collaboration links together critical insights about global public firms and municipal entities, alongside a staggering 4.2 million fixed-income securities that span different categories including corporate and municipal debt.
Addressing the Growing Demand for ESG Data
The rising interest in Environmental, Social, and Governance (ESG) factors among investors highlights the essential nature of this data. Ginny Gomez, President of Dun & Bradstreet in North America, notes that this strategic move combines the unique expertise of both firms. The resultant product directly addresses the notable requirement for private company ESG and climate risk information in the financial sector. Additionally, by leveraging the D-U-N-S Number, Dun & Bradstreet can facilitate the effective integration of diverse data sources into existing operational frameworks.
ICE Climate: A Solution for Investment Decisions
ICE Climate will serve as the platform for this newly developed data solution, which aims to provide comprehensive analytics assisting stakeholders in quantifying the impacts of climate risks on investments. This includes understanding the consequences of extreme weather events and their implications for financial performance.
Insights into Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is renowned as a Fortune 500 entity dedicated to constructing and managing digital networks that create opportunities for its clients. The company delivers cutting-edge financial technology and data services spanning numerous asset classes. ICE’s exchanges, including the prestigious New York Stock Exchange, facilitate essential capital raising and risk management activities. By providing some of the world's most extensive markets for trading environmental products, ICE enables clients to thrive in a sustainable financial landscape.
Creating Opportunities Through Data
ICE aims to transform and streamline industries by connecting clients with optimal opportunities. The collaboration with Dun & Bradstreet is poised to widen the reach and scope of credible data analytics, particularly in the realm of climate risk and ESG metrics. With the economic landscape shifting rapidly due to environmental concerns, access to accurate and actionable climate data is now more critical than ever.
About Dun & Bradstreet
Dun & Bradstreet stands as a vital provider of business decisioning data and analytics globally. With a history dating back to 1841, the firm assists organizations in improving their operational performance through its comprehensive Data Cloud. This data ecosystem empowers clients to obtain insights that boost revenue, minimize costs, manage risks, and drive business transformations effectively.
Frequently Asked Questions
What is the main objective of the ICE and Dun & Bradstreet partnership?
The partnership aims to create a comprehensive climate risk data offering for private companies globally, providing essential transition risk data and emissions insights.
How will the combined data benefit companies?
The integration of ICE and Dun & Bradstreet's data enables companies to access a broad range of climate and ESG metrics, facilitating informed decision-making in their operations.
What specific types of emissions data will be available?
The offering will include Greenhouse Gas emissions data across scopes 1, 2, and 3, covering a vast array of public and private entities.
Why is private company ESG data important?
Private company ESG data is crucial as investors increasingly seek to understand the sustainability performance and risk exposure of businesses, impacting investment decisions.
What is ICE Climate?
ICE Climate is the platform where the new data solution will be hosted, focusing on analytics that quantifies investment impacts due to transition and physical climate risks.
