GIST Impact, a leading impact data and analytics provider, receives investment from UBS Next
June 20 2024 - 2:00AM
Business Wire
Today GIST Impact, the leading provider of impact data and
analytics, announced an investment from UBS Next, the leading
universal Swiss bank’s venture and innovation unit.
GIST Impact delivers actionable impact intelligence to companies
and investors, helping them easily measure their environmental and
social impacts. The firm’s data and software are founded on a
science-based, location-specific and standards-aligned approach,
drawing on over 16 years of experience measuring and valuing
impact. Its clients include some of the world’s largest banks,
sovereign wealth funds, and technology firms.
The provision of better impact data is critical in developing
greater transparency for investors to help them manage their
portfolios. New regulations and standards have also set a higher
bar for measuring impact across value chains - whether through
assessing impact materiality as part of the Corporate
Sustainability Reporting Directive (CSRD) or evaluating natural
capital impact as part of the Taskforce on Nature-related Financial
Disclosures (TNFD).
The investment from UBS Next will support the further expansion
of GIST Impact’s product integrations with partners and development
of proprietary impact data and software solutions, including
preparations for CSRD and TNFD requirements where clients require
most support.
Andre Hoffmann, Co-Founder of GIST Impact, said, “This
partnership with UBS marks a pivotal moment for GIST Impact as we
set new standards for how companies and investors can integrate
environmental and social considerations into their core business
strategies. Our collaboration is more than an investment; it's a
shared commitment to foster a more sustainable future where
financial success is inextricably linked to positive impact on the
planet and society. We are thrilled to join forces with UBS to
drive this change forward, ensuring that our clients are not just
prepared for the future but are actively shaping it."
“We believe that actionable impact intelligence and data will
help investors manage their portfolios in a targeted manner and
match opportunities and environmental and social impact. This is a
pre-requisite to create long-term sustainable outcomes,” said
Sergio Ermotti, Group CEO of UBS.
“We’re proud to partner with UBS to accelerate this next stage
in our growth. Our world-leading impact data and intelligence
algorithms empower investors to manage their portfolios towards
better social and environmental outcomes and impacts,” said Pavan
Sukhdev, Co-Founder and CEO of GIST Impact. “Furthermore, our
impact valuation platforms help companies evaluate their impacts,
dependencies, risks and opportunities, helping create long-term
sustainable value.”
About GIST Impact
GIST Impact is a market-leading impact data and analytics
provider, measuring, quantifying and valuing corporate impacts on
society and the environment for over 16 years. With a team of 120+
data scientists, engineers, ecologists and economists, GIST Impact
delivers location-specific impact data covering 14,500+ companies.
Since 2021, the firm has automated its systems to provide
investment portfolio impacts, and its clients include investors
representing over $8 trillion in assets under management as well as
leading global corporations. GIST Impact also partners with some of
the largest consulting firms, business networks, and fintech
platforms to enable impact measurement and reporting across global
markets.
https://gistimpact.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20240619424763/en/
For media inquiries or further information, please
contact:
Alexandra Downs GIST Impact alexandra@gistimpact.com