Intercontinental Exchange (ICE), a provider of financial technology, data services, and exchange operations, has announced the expansion of its climate risk platform. This enhancement includes the addition of physical and transition risk data for over five million private companies worldwide.
The expanded service will integrate ICE’s geospatial intelligence platform and climate risk models with Dun & Bradstreet’s global data on private companies. ICE and Dun & Bradstreet have announced plans to launch a new climate risk data offering for privately-held companies in 2024.
Brian Filanowski, General Manager of Finance & Risk Solutions at Dun & Bradstreet, stated that incorporating Dun & Bradstreet’s private company data into ICE’s climate risk platform is a significant advancement. It assists organisations in identifying and managing climate-related vulnerabilities globally. The data, anchored by the D-U-N-S® Number, provides visibility into extended supply chains and corporate footprints, facilitating robust climate risk assessments and enabling businesses to make informed, sustainable decisions.
According to ICE, the new offering will supply investors with data and analytics for private companies, covering both physical and transition risks. It includes detailed metrics for exposure to floods, wildfires, hurricanes, extreme heat, and extreme cold, as well as Scope 1, 2, and 3 greenhouse gas emissions metrics, including emissions intensity normalised by revenue.
ICE also noted that the new offering enables 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, highlighted that data blind spots in the private company sector have posed challenges for professional investors and asset managers in portfolio-level climate risk management. By expanding their climate data service to include private companies, ICE offers a comprehensive solution with complete portfolio coverage across all major asset classes.
