Urgentem - Element6™ Climate Risk Platform

Data category

  • Environmental data
  • Rankings
  • Research data

Brief description of the data offering

Urgentem is an award-winning, independent provider of emissions data, climate risk analytics and comprehensive climate solutions to the finance industry for robust carbon reporting, risk management and investment strategies.

The data includes Scope 1 emissions, Scope 2 for both market and location-based emissions, and each of the 15 disclosure categories of Scope 3 emissions, covering the major investable indices globally. Asset classes covered include Listed Equities, Unlisted Equities, Private Companies (SMEs), Corporate Bonds, Private Bonds, Government bonds and Loans.

Urgentem’s data is used for:

  • TCFD and Regulatory Reporting
  • Portfolio Emissions Analysis
  • Portfolio Screening and Construction
  • Portfolio Climate Scenario (Net Zero) Alignment
  • Climate Risk Management
  • Climate Stress Testing
  • Active Climate Strategies
  • Index Creation

Our dataset provides a comprehensive time series of the Greenhouse Gas Protocol defined Scope 1, 2 and 3 emissions for the largest 30,000 global companies. This dataset comprises of 5,500 companies that are directly analysed by us, with modelled data for the remaining companies and securities, which can be expanded on a bespoke basis to meet our customers’ requirements. We also provide emissions reduction targets data, aligned with the SBTi temperature scoring methodology, incorporating over 9,000 targets covering approximately 2,500 companies.

The dataset also contains:

  • Classification of each company into disclosure categories providing insight into data quality.
  • Information concerning third-party assurance of emissions data, including standard used.
  • Outlier assessment of the reported emissions data. 
  • Regional and country level analysis and breakdown of data (to the extent available).
  • Absolute and intensity values: tCO2e and tCO2e/$m Revenue.

The complete dataset for 30,000+ securities includes modelled data using Urgentem’s statistical models that are based on a quality assured dataset of directly analysed companies. This data goes all the way back to 2009.

The data offers solutions for:

  • Carbon footprinting
  • Climate scenario analysis
  • Investment decisions and portfolio insight
  • Reporting: SFDR
  • Reporting: TCFD

Where and how do you source your data?

Directly Analysed Data: Our selection of directly analysed companies is reviewed annually based on different criteria including historical reporting trends, turnover, trading status, coverage of key indices and incorporation of new companies based on bespoke requests made by clients.

Analysts trained in Greenhouse Gas (GHG) emissions reporting collect data from public sources including but not limited to annual reports, financial statements and sustainability reports. Urgentem’s layered human quality assurance is combined with a modelled statistical outlier assessment to create a robust process in which data points are efficiently flagged, thus ensuring a high standard of data quality.

A proportion of the dataset is based on data received from CDP on an annual basis. The CDP data is reviewed, enhanced and revised by our team of data analysts to ensure adherence to our Quality Assurance process before it is integrated into the final dataset.

We also seek a dialogue with companies to encourage and improve their emissions disclosures in accordance with our company’s mission. All directly analysed companies that either do not disclose or have insufficient information are contacted. Our corporate engagement team also liaises with companies on behalf of our clients to assess how well their portfolio companies are transitioning to a low-carbon business model. 

Modelled Data: Urgentem’s Inference Methodology relies on the robust use of statistics. These statistics are calculated on data that has undergone a rigorous process designed to ensure a high level of statistical accuracy.

Urgentem’s Dataset incorporates both disclosed and inferred emissions intensity data. The dataset clearly identifies figures that are directly reported and inferred. We apply an Intensity Inference Methodology to non-disclosing companies and to companies with insufficient publicly disclosed data.

Who are the data users?

  • Investors
  • Financial institutions

What is the cost for your data offering?

Please contact Urgentem directly to find out more about licencing the climate risk platform and emissions data on +44 207 183 3221 or email us at info@urgentem.net

What are the key attributes that differentiates the data you offer?

Transparency & Granularity of Data: Our data and methodologies are designed with transparency, collaboration, and science-alignment in mind so that our customers can investigate both the emissions data and the assumptions which inform our methodologies.

Pioneers of Scope 3: While other players in the market focus solely on Scope 1 and 2 emissions, Urgentem looks at the holistic value chain of a company by diving deep into Scope 3 Supply Chain emissions.

Robust Statistical Methodology: Urgentem’s Inference Methodology relies on the robust use of statistics, calculated on data that has gone through a rigorous process designed to ensure a high level of statistical accuracy.

Quality Assurance: Each company is independently assessed by two different analysts to avoid selection and sampling bias. The submissions are then independently reviewed by our Quality Assurance (QA) experts. An in-house outlier automated process then flags any discrepancies in the submitted data.

Science Based and Collaborative Approach: In order to continuously improve our data, we partner with leading universities, think-tanks and NGOs to ensure that best practices are met. We also actively engage with companies as part of our data collection regime, making sure we have the most up to date and accurate figures from the companies that we analyse.

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Urgentem provides transparent, granular & science-aligned emissions data, and climate analytics via the award-winning Element6™ platform, offering footprinting, avoided emissions, temperature metrics, Paris alignment, target setting, climate stress testing, benchmarking & more.

Contacts

ian.stannard@urgentem.net

Corporate Statements

Catalysing the Net Zero transition

Urgentem works closely with its customers and partners in the financial sector to help them play a leadership role in the transition to a sustainable, low-carbon economy. Environmental Finance spoke with Girish Narula, CEO of Urgentem about the company's science aligned, transparent and collaborative climate risk data and analytical tools.

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