Clarity AI, CDP Partner for Environmental Data Product
Clarity AI, a leading sustainability technology platform, and CDP, a non-profit that runs the global environmental disclosure system, have announced a new partnership to make it easier for financial institutions to measure their environmental impact and take steps to reduce it.
Clarity AI’s extensive global client network manages tens of trillions of assets and counts on the Clarity AI platform to turn raw data into easily consumable products, including scores and analytics for integration in third-party platforms.
Through this partnership, CDP data will be used in Clarity AI’s Net Zero tool, which supports financial institutions in managing and reporting their Net Zero alignment in line with the industry-backed Net Zero Investment Framework (NZIF). CDP’s fund rating Climetrics – a free-to-search database of global ETFs and funds rated on their environmental performance, will also be calculated by Clarity AI.
“CDP brings deep expertise in collecting and cleaning raw climate data, and we are thrilled to work together to ensure our clients are receiving the best signposts on their paths to Net Zero,” said Patricia Pina, Head of Product Research & Innovation at Clarity AI.
Laurent Babikian, Global Director Data Products and Distribution CDP, said, “As CDP holds the world’s largest self-reported environmental dataset, this partnership will ensure Clarity AI clients have access to the most comparable, science-based and comprehensive environmental data available. When greenwashing in ESG must be tackled with robust data, we look forward to working with Clarity AI to ensure their clients have the best possible products for building Net Zero portfolios and rapidly align their investment flows with the 1.5°C goal of the Paris agreement and our planet’s limits.”
The partnership between Clarity AI and CDP aligns with the missions of both organisations to build a sustainable economy and bring societal impact to markets. The two companies are committed to helping clients chart a path to a more sustainable world by measuring and acting on their environmental impact.
Source: Clarity AI
