Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced the expansion of its climate risk platform with the addition of physical and transition risk data for over five million private companies globally.
The expanded offering will integrate ICE’s geospatial intelligence platform and climate risk models with business data and analytics provider Dun & Bradstreet’s global data of private companies. ICE and Dun & Bradstreet announced plans in 2024 to launch a new climate risk data offering for privately-held companies.
Brian Filanowski, General Manager of Finance & Risk Solutions at Dun & Bradstreet, said:
“The addition of Dun & Bradstreet’s private company data into ICE’s climate risk platform represents a pivotal advancement in helping organizations uncover and manage climate-related vulnerabilities across their global operations. Our data – anchored by the D-U-N-S® Number, a trusted identifier across the business and investment communities – offers visibility into extended supply chains and corporate footprints, enabling more robust climate risk assessments and empowering businesses to make informed, sustainable decisions.”
According to ICE, the new offering will provide investors with data and analytics for private companies encompassing both physical and transition risks, including detailed metrics for flood, wildfire, hurricane, extreme heat, and extreme cold exposure, as well as Scope 1, 2, and 3 greenhouse gas emissions metrics, including emissions intensity normalized by revenue.
ICE added that the new offering will enable it to provide investors with a consistent approach to climate risk analysis across major asset classes, including public and private companies, sovereigns, municipal bonds and mortgage-backed securities.
Larry Lawrence, Head of ICE Climate, said:
“When looking at portfolio-level climate risk management, data blind spots, specifically in the private company universe, have created challenges for professional investors and asset managers. By expanding our climate data service to private companies, we’re able to offer an all-in-one solution with complete portfolio coverage across all major asset classes.”
