Green fintech company Iceberg Data Lab has recently acquired three new clients in France, including Banque de France, the global insurance and asset management firm Generali, and the pension scheme ERAFP.
Iceberg Data Lab (IDL) provides a data calculation platform that allows clients to evaluate the environmental impact of their portfolios, facilitating sustainable investment and risk management strategies.
As the first central bank to commit to addressing its biodiversity impact, Banque de France is utilizing IDL’s Corporate Biodiversity Footprint metric to assess how its portfolio dedicated to equity capital and employees’ pension commitments contributes to biodiversity loss.
ERAFP has begun collaborating with IDL to analyze the exposure of its listed asset portfolios to climate change and biodiversity challenges, while Generali Group is employing IDL’s metrics, including the Corporate Biodiversity Footprint and Net Environmental Contribution, to make environmentally friendly investment decisions.
Matthieu Maurin, co-founder and CEO of Iceberg Data Lab, stated: "Through our quality, transparent, and accurate data solutions, we’re dedicated to supporting our clients on their sustainable transition journeys and helping them avoid greenwashing."
Last month, IDL launched a new product leveraging generative AI technology to provide real-time, sourced explanations regarding the ESG data of portfolio companies. Named Barbatus after a nearly-extinct bird of prey, this chatbot is designed to extract and present structured information from the unstructured text within IDL’s extensive dataset, which includes over 2,300 different products and services.
Learn more and register for Finextra’s annual Sustainable Finance Live conference, which will gather industry experts to explore strategies for building a sustainable city on October 10, 2023.