Sustainability

Frankfurt-based fintech Arabesque S-Ray GmbH, a sustainability data provider, is renaming itself ESG Book GmbH the company announced. Incubated by London-based Arabesque Group in 2018, ESG Book combines AI technology and research to make environmental, social, and government (ESG) data more widely accessible across financial markets. The ESG database includes 25,000 companies worldwide used by leading financial services firms that oversee a combined $120 trillion in assets.

The Green Digital Finance Alliance and the Swiss Green Fintech Network, with the Swiss State Secretariat for International Financial Matters (SIF), have published the final version of the world's first green fintech classification. The final report, entitled "Green Fintech Classification", aims to serve as a tool to further mature and stimulate the green fintech market by providing policymakers, investors, and market players with a harmonized approach to the analysis and segmentation of green fintech markets.