Iceberg Data Lab (IDL), the ground-breaking, independent green FinTech firm that provides scientific environmental data solutions for financial institutions, has today made an exciting announcement: the launch of ‘Barbatus’, the world’s first ESG AI assistant.
This new product has been launched in response to the increasing complexity of ESG reporting frameworks. It will simplify the process of ESG data analysis for clients, ultimately leading to better comprehension of the environmental impact of their investments and speeding up their sustainability transition processes.
IDL, established in 2015, caters to the growing need for reliable and science-based environmental company data among financial institutions. The company provides simplified data through its proprietary impact calculation platform, offering a comprehensive lifecycle analysis of the environmental impact of portfolio companies. This spans across Scope 1, 2 and 3, upstream and downstream.
Barbatus is a revolutionary product that uses generative AI technology to provide real-time, text-based, and fully sourced explanations in response to queries about the ESG data of portfolio companies. It is designed to extract and provide structured information from unstructured text within IDL’s extensive dataset, covering over 2,300 different products and services.
The ESG AI assistant offers a plethora of solutions for professionals in the financial services industry. It allows ESG analysts to interpret results more effectively, enhance benchmarking, and better understand how corporates can reduce their environmental impact. CSR teams can also use Barbatus to analyse their own or their sector’s environmental impact in response to regulators’ requests.
Iceberg Data Lab’s CEO Matthieu Maurin said, “We’re extremely proud to be launching our innovative Barbatus product, the first AI assistant of its kind dedicated to ESG analysis, which we believe will be game-changing for the finance industry.”
Pierre Olivier-Haye, co-founder and CTO of Iceberg Data Lab, added, “Every day, new use cases are born out of generative AI. Our Barbatus product is one of the latest leading examples and we believe this technology has significant potential to change the future of financial services.”
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