BlackRock, an investment management company, has reportedly invested in and obtained a minority stake in Clarity AI, a technology startup. As per reliable reports, the sustainability analytics & data science capabilities of Clarity AI will be integrated with the company’s end-to-end operating system, Aladdin.
Additional terms of the agreement have not been disclosed. Moreover, the company declined to disclose the total investment size. In addition to BlackRock, other investors like Founders Fund, Seaya Ventures, Mundi Ventures, Kibo Ventures, and Deutsche Borse have invested in Clarity AI. People with knowledge of the matter have revealed that Clarity AI will remain independent, while each investor will hold a minority stake.
In 2020, the Aladdin platform added 1,200 sustainability metrics as well as established data partnerships to assist investors in understanding the ESG & physical climate opportunities and risks.
As per BlackRock’s recent survey, the global investors are planning to double the allocations to the ESG strategies by 2025, with 53% of the respondents revealing their concerns over the low availability or quality of ESG data and analytics.
For the record, Clarity AI adopts machine learning and big data to create sustainable insights and make a significant impact across countries, companies, and local governments. The company analyzes above 30,000 companies in over 200 countries.
According to BlackRock’s head of Aladdin sustainability, Mary-Catherine Lader, investors are making a critical consideration to ensure sustainability and manage immediate & future risks. The company is committed to raising the standards for the ESG data and technology by making sustainability its standard for investment. It is also targeting to invest in Aladdin’s new analytics & software and leverage the capabilities of its strategic partners such as Clarity AI to increase clients’ awareness about their investments’ environmental and social impacts and risks.
Clarity AI’s Founder & CEO, Rebeca Minguela, has reportedly stated that the latest partnership highlights the robust demand for its innovative approach that helps investors in assessing the companies’ overall impacts on the society.
Source credit:
https://www.pionline.com/esg/blackrock-invests-sustainability-analytics-and-data-platform
