- Green fintech expands its impact data coverage beyond equities to encompass fixed income investments, including corporate and government bond ETFs and mutual funds
- Expansion driven by market demand for impact data on a wide range of asset classes and the fintech’s long-standing growth plans
- Green fintech now provides impact data for over £100 million of client investments
31 October 2022, London, U.K: Green fintech Sugi has expanded its impact data coverage to include fixed income investments.
Sugi’s expansion to fixed income investments, which include corporate and government bond ETFs and mutual funds, reflects its long-standing growth plans and a shift in the market to look beyond the impact of equities.
To calculate fixed income impact, the green fintech has built on its existing methodologies, which align with guidelines published by two carbon accounting authorities: the Partnership for Carbon Accounting Financials (PCAF) and the Task Force on Climate-related Financial Disclosures (TCFD). As part of Sugi’s ongoing commitment to transparency, Sugi goes beyond the minimum disclosure recommended in these guidelines and incorporates Scope 1, 2 and 3 emissions into its fixed income impact data, as it does with its equities data.
Josh Gregory, CEO and Founder of Sugi commented:
“Even in times of economic uncertainty, investors still care about where their money is being invested. It’s important they have the right information to make informed decisions about their portfolios.
“Adding fixed income investments to our coverage is part of our ongoing commitment to bringing transparency to green investing. By giving investors a fuller picture of their impact, we want to help them make genuinely greener choices when they manage their portfolios.”
The startup has seen an increase in demand for other asset classes as it grows in the B2B market. Building on the success of its app, the company is now working with financial institutions, platforms and advisers across the UK and Europe to deliver personalised climate metrics, via API, for the benefit of retail investors.
Sugi launched as a free consumer app in 2021, enabling retail investors to check the carbon impact of their investments. Since then, the startup has added a range of metrics and features, won a number of awards and currently provides personalised data for over £100 million of client investments.
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