The Science Based Targets initiative (SBTi) has commissioned US and Dutch climate experts to build a tool to assess the Paris-alignment of investment portfolios.
A contract with a maximum value of $130,000 has been awarded to analytics provider Ortec Finance and US non-profit OS-Climate. Both are founding partners of the OS-C open source platform - a new initiative to make key climate data and analytics freely available to the market, backed by a high-profile figures including ex-Goldman Sachs risk head Bob Litterman and UN climate chief Christiana Figueres, in addition to market players such as Allianz and S&P Global.
The SBT initiative is a collaboration between the World Resources Institute, WWF and CDP, which aims to push companies to set credible emissions reduction targets in line with the Paris Agreement.
According to the contract, Ortec Finance is to carry out the development of the software underpinning the tool, while OS-Climate …