ICE Introduces Multi-Asset Class Climate Transition Risk Solution
October 08 2024 - 8:00AM
Business Wire
Holistic Emissions Data Now Available for
Municipal Bonds, Mortgage-backed Securities and Real Estate, as
well as Corporate and Sovereign Bonds
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of technology and data, today announced the launch of a
multi-asset class climate transition risk solution, which provides
emissions estimates and portfolio analytics across various fixed
income asset classes, covering Scope 1, Scope 2 and Scope 3
emissions for municipal bonds, mortgage-backed securities (MBS),
and real estate. This new solution, combined with ICE’s existing
coverage of sovereign, corporate equity, and private companies, can
enable clients to assess and benchmark their financed emissions
across a comprehensive range of fixed income asset classes in one
integrated offering.
ICE’s new multi-asset class transition risk solution addresses
gaps in emissions data by covering underserved sub-asset classes,
such as RMBS, CMBS, and private corporates. By integrating this
data, ICE can provide a unified portfolio metric that tracks
financed emissions across multiple asset classes, supporting
climate risk reporting, ensuring a holistic portfolio coverage from
a physical and transition risk standpoint.
“Our clients increasingly need quality transition risk data for
underserved segments, particularly mortgage-backed securities,
where we have applied physics-based simulations with building
energy models and ICE’s data to provide emissions insights for RMBS
and CMBS,” said Larry Lawrence, Head of ICE Climate. “Mortgages and
mortgage securities can represent more than 20 percent of bank
balance sheets, leading to a growing need for data to help meet
regulatory disclosure and support stress testing to inform
decision-making.”
ICE’s multi-asset class transition risk solution provides
PCAF-aligned (Partnership for Carbon Accounting Financials)
financed emissions data, encompassing over 110 million US
properties and more than 4.2 million fixed income securities
globally. With this solution, clients can leverage advanced
portfolio analytics to evaluate total emissions across multi-asset
class portfolios, assisting clients in transition risk strategies.
ICE’s methodologies, customized for each asset class, provide
comprehensive emissions tracking, including Scope 1, 2, and 3
estimates, as well as carbon intensity metrics, essential to meet
climate regulatory reporting requirements.
This new solution is part of the company’s climate data
offering, which provides data and analytics that help quantify
investment impacts posed by transition risks as well as physical
climate risks, such as extreme weather events.
For more information, visit
https://www.ice.com/fixed-income-data-services/ice-climate-data-analytics.
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 helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges –
including the New York Stock Exchange – and clearing houses help
people invest, raise capital and manage risk. We offer some of the
world’s largest markets to trade and clear energy and environmental
products. Our fixed income, data services and execution
capabilities provide information, analytics and platforms that help
our customers streamline processes and capitalize on opportunities.
At ICE Mortgage Technology , we are transforming U.S. housing
finance, from initial consumer engagement through loan production,
closing, registration and the long-term servicing relationship.
Together, ICE transforms, streamlines and automates industries to
connect our customers to opportunity.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 – Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241008432655/en/
ICE Media Isabella Bezzone +1 212 748 3948
isabella.bezzone@ice.com media@theice.com ICE Investor
Relations Katia Gonzalez +1 678 981 3882 katia.gonzalez@ice.com
investors@ice.com
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Dec 2023 to Dec 2024