ATLANTA & LONDON & TOKYO–(BUSINESS WIRE)–Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that it has been selected by Japan’s Government Pension Investment Fund (GPIF), Global The largest pension fund, GPIF conducts an impact assessment of the fund’s investments in impact bonds, which GPIF used in its recently released 2022 ESG report.
ICE conducted impact assessments of the impact bonds in the GPIF portfolio, covering a variety of impact categories ranging from emissions reduction and renewable energy generation to social impact, including job creation. GPIF has published a report detailing ICE’s impact assessment, including calculated impact metrics per dollar invested.
“We are committed to developing sustainable finance products and datasets that enable investors to not only manage their climate risks but also help quantify the potential impacts of their portfolios,” said Girish Narula, head of sustainable finance at ICE. “We are delighted to be able to Support GPIF in quantifying the potential impact of its investment in impact bonds and the emissions avoided. We will continue to work with clients to provide data analysis, modeling and comparative scenario analysis capabilities to measure and understand climate and investment risks and opportunities.”
ICE uses its extensive carbon emissions database and avoided emissions methodologies to build models that estimate avoided emissions for companies with products that enable the transition to a low-carbon economy and are used in the assessment of the GPIF. The report published by GPIF describes the process ICE uses to identify, analyze and measure the impact of emissions avoidance by companies in three sectors within the GPIF portfolio, including zero-emission vehicles, utilities and mining.
Avoided emissions are reductions in emissions that occur outside the product life cycle or value chain. By determining the emissions avoided by using the product, investors can identify opportunities for positive impact and quantify the real-world difference such investments can make.
Magnus Cattan, head of fixed income and data services for Asia Pacific at ICE, said: “ICE continues to invest in Asia Pacific to solve the challenges faced by clients and develop solutions that create growth opportunities. “Partnering with GPIF is how ICE’s fixed income expertise can be combined with An example of sustainable finance data and analytics coming together to develop innovative products and solutions.”
The ICE comprehensive report used by GPIF can be found here: Avoided Emissions and Impact Bond Portfolio Assessment.
About Intercontinental Exchange
InterContinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes, giving our clients access to mission-critical workflow tools that increase transparency and operational efficiency. We operate exchanges and clearing houses, including the New York Stock Exchange, that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide the information, analytics and platforms to help our clients seize opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage lending process, from consumer engagement to loan enrollment. Together, we work to transform, simplify and automate industries to unlock opportunities for our customers.
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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – Statements in this press release that are not historical facts regarding ICE’s business are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties that could cause actual results to differ from those contained in forward-looking statements, please see ICE’s filings with the Securities and Exchange Commission (SEC), including without limitation the Risk Factors in ICE’s Annual Report as of the date The annual report on Form 10-K for December 31, 2022, was filed with the SEC on February 2, 2023.
Category: Fixed Income and Data Services
Source: Intercontinental Exchange
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