Third annual ESGFinTech100 shines a light on the innovators transforming sustainability in finance
FinTech Global has officially released its ESGFinTech100 list, marking its third consecutive year outlining the movers and shakers in ESGFinTech.
The list brings attention to some of the companies seeking to help financial services firms transform their sustainability offerings and drive greater growth in the green finance sector.
There is a growing urgency for sustainability amongst financial institutions, with regulations such as the EU’s CSRD placing pressure on businesses’ ESG-related compliance. Consumers as well as governments are placing emphasis on ESG regulations, highlighting a growing need for companies to align with the values of the population.
Despite economic slowdowns across the globe, ESGFinTech is proving to be a remarkably resilient sector as financial organisations scramble to future-proof their products and solutions. Despite FinTech experiencing a downturn in funding last year, ESG FinTech investment remained relatively stable at $28.8bn.
To support companies in navigating the rising demand for ESG-centered technologies, the ESGFinTech100 identifies the top 100 innovators that every financial institution needs to know as they put their ESG strategies into action.
A panel of industry experts and analysts reviewed and scrutinised over 500 ESG tech companies to discover the leaders in the field. FinTech Global provided wide-ranging data for the panel, which picked firms based on their innovative technology solutions addressing a substantial industry challenge, as well as their contributions to ESG imperatives and sustainability improvements for clients.
Richard Sachar, Director of FinTech Global, stated, “ESG-focused frameworks like CSRD are becoming more common around the world. Financial institutions face mounting requirements for ESG reports and alignment to sustainability targets.
“The ESGFinTech100 serves as a crucial resource for senior management, helping them identify the leading ESG tech companies. The detailed company profiles offer insights into their solutions, the challenges they address, their operational regions, and more. This guide is essential for any organization committed to achieving net-zero targets.”
Among the innovative companies featured on this year’s list are:
Arbonics, a developer of high-quality, traceable carbon removal credits from nature-based projects, connecting credit buyers to landowners in Europe, is included. Late last year, the company raised $6m to support forest carbon removal projects.
Auquan, a firm that uses AI to turn the world’s unstructured data into actionable risk and ESG intelligence for financial services customers, also made the list. The company recently raked in $4.5m to automate deep work in finance with AI.
Also making the list were Earth Blox, a platform which provides insights to mitigate risk and manage regulation around nature and climate, delivering a sustainable future for businesses. Earlier this year, Earth Blox was awarded a grant under the UK Space Agency’s Unlocking Space for Business programme.
ESG Playbook, a firm that streamlines data collection for global regulatory reporting for environmental, social and governance frameworks with customizable dashboards, also is added to the list. In June this year, Experion Technologies announced a strategic alliance with ESG Playbook to redefine the ESG reporting landscape.
GaiaLens, an AI-powered Sustainability Analytics Platform for institutional investors and financial services firms, is also in the ESGFinTech100. The company previously announced the launch of its state-of-the-art ESG solution for asset owners
Another company on the list is WeeFin, a firm that offers a SaaS platform empowering financial institutions to scale their sustainability strategy and drive real impact. Late last year, the firm secured a substantial €7M in Series A funding.
A full list of the ESGFinTech100 can be found at www.ESGFinTech100.com. More detailed information about the companies is available to download for free on the website.
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