Clarity AI has partnered with impact data and intelligence provider GIST Impact to create a biodiversity impact assessment product.
According to GIST, this innovative solution comes at a time when biodiversity-themed funds have gained nearly $1bn in assets this year, indicating the growing recognition of the financial industry’s role in mitigating biodiversity risks.
By utilizing Clarity AI’s comprehensive product ecosystem and market-leading coverage along with GIST Impact’s 15 years of experience and expertise in biodiversity and impact metrics, the partnership will provide a market-leading solution that helps clients identify and size their exposure to companies that have a negative impact on biodiversity. This will ultimately facilitate informed investment decisions and company engagement practices.
GIST claims the partnership will also ensure that clients are well-equipped for the latest regulatory developments, such as the Sustainable Finance Disclosure Regulation (SFDR) and the Taskforce on Nature-related Financial Disclosures.
Clarity AI VP of product and board director Angel Agudo said, “Partnering with GIST Impact is a significant step for Clarity AI as it enables us to leverage their extensive experience, knowledge, platforms and data on biodiversity impact assessments. Through this partnership, we can provide our clients with the most accurate and up-to-date information on biodiversity risks, allowing them to make informed investment decisions and engage with companies in a meaningful way.”
GIST Impact CEO and founder Pavan Sukhdev said, “The imperative for investors to account for biodiversity impacts in their decision-making has never been greater. We’re excited to partner with Clarity AI, combining their deep technology expertise with our industry-leading biodiversity impact methodology and data.
“Together we’re providing access to credible biodiversity data that is company-specific, geographically accurate, and provides the most holistic coverage of biodiversity impact drivers. This data is critical for effective risk management, and to support action to curb further nature loss.”
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