AXA IM, Natixis IM, Sienna Investment Managers and Solactive partner to accelerate the development of Iceberg Data Lab, European provider of environmental data solutions
- 09 September 2021
AXA Investment Managers (AXA IM), Natixis IM and its affiliate Mirova, Sienna Investment Managers and Solactive today announce they have entered into an agreement with Iceberg Data Lab to participate in its series A fund raise.
Following this minority investment, each investor will also be represented on Iceberg Data Lab’s Supervisory Board in order to support the development of the company.
With increased demand from both financial institutions and their stakeholders for better transparency on the impact of portfolios on climate and the environment, AXA IM, Natixis IM/Mirova, Sienna Capital and Solactive will support Iceberg Data Lab’s global expansion and product development which includes data coverage enlargement, automated machine learning and autonomous AI.
Iceberg Data Lab is a fintech company leveraging state-of-the art data treatment tools and science-based models allowing financial institutions to assess the impact of their portfolios on the environment. Iceberg Data Lab has developed methodologies to calculate the various environmental impacts of issuers and assets throughout their value chain (supply chain to end use).
“Curbing climate change and preserving the planet’s biodiversity and ecosystems are urgent priorities and having metrics and tools to measure the impact of investments on the environment is crucial. We are delighted to partner with Iceberg Data Lab as we believe they have developed a distinctive proposition to collect, analyse and report environmental data.
Through this partnership, we aim to bring our experience and knowledge of the financial markets, with the ambition of contributing to the emergence and adoption of European standards in areas such as biodiversity.”, said Marco Morelli, Executive Chairman at AXA IM, Tim Ryan, CEO of Natixis IM, Pedro-Antonio Arias, CEO at Sienna Investment Managers and Steffen Scheuble, CEO at Solactive.
AXA IM and Mirova are also part of a consortium currently working with Iceberg Data Lab and I Care & Consult to develop a measurement tool for investments’ impact on biodiversity.
Note to editors
About AXA Investment Managers
AXA Investment Managers (AXA IM) is a responsible asset manager, actively investing for the long-term to help its clients, its people and the world to prosper. Our high conviction approach enables us to uncover what we believe to be the best global investment opportunities across alternative and traditional asset classes, managing approximately €866 billion in assets as at the end of June 2021.
AXA IM is a leading investor in green, social and sustainable markets, managing €568 billion of ESG-integrated, sustainable and impact assets as at the end of June 2021.
We are committed to reaching net zero greenhouse gas emissions by 2050 across all our assets, and integrating ESG principles into our business, from stock selection to our corporate actions and culture. Our goal is to provide clients with a true value responsible investment solution, while driving meaningful change for society and the environment.
At end of June 2021, AXA IM employs over 2,488 employees around the world, operates out of 26 offices across 20 countries and is part of the AXA Group, a worldwide leader in insurance and asset management.
About Natixis IM/Mirova
Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world’s largest asset managers1 with more than $1.4 trillion assets under management2 (€1,182.5 billion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles. The firm is dedicated to advancing sustainable finance and developing innovative Environmental, Social, and Governance (ESG) products. Natixis Investment Managers consults and partners with its clients and offers insight on markets and assumptions to better align strategies with long-term goals.
Headquartered in Paris and Boston, Natixis Investment Managers is wholly-owned by Natixis. Natixis is a subsidiary of BPCE, the second-largest banking group in France.
Mirova is a management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. Through its conviction management, Mirova's goal is to combine long-term value creation and sustainable development. Pioneers in many areas of sustainable finance, Mirova's talents aim to continue to innovate in order to offer their clients solutions with high environmental and social impact. Mirova and its affiliates manage 21,7 billion euros as of March 31, 2021. Mirova is a mission-based company, labeled B Corp.3.
1 Cerulli Quantitative Update: Global Markets 2021 ranked Natixis Investment Managers as the 15th largest asset manager in the world based on assets under management as of December 31, 2020.
2 Assets under management (“AUM”) as of June 30, 2021 is $1,402.5 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. Excluding H2O Asset Management.
3 The reference to a ranking or a label does not prejudge the future performance of the funds or its managers.
About Solactive
Solactive is a leading provider of indexing, benchmarking, and calculation solutions for the global investment and trading community. Headquartered in Frankfurt, and with offices in Hong Kong, Toronto, Berlin, and Dresden, we innovate and disrupt the status quo as the partner of choice for our clients.
The unique blend of our 250 staff’s expertise in data, data science, financial markets, and technology enables our clients’ continued success through the delivery of a superior experience, unique customization capabilities, and the best value for money available in the industry. With more than 18,000 indices calculated daily, we offer a full suite of solutions, including market-leading ESG and thematic indices.
As at August 2021, Solactive served approximately 450 clients across the world, with approximately US$250 billion invested in products linked to our indices. Solactive is registered with ESMA as a benchmark administrator and is supervised by the BaFin.
About Sienna Investment Managers (previously known as Sienna Capital)
Sienna Investment Managers, GBL's platform for alternative investments and real assets, is present in Luxembourg, London and, since spring 2021, in Paris. Sienna expanded further into third-party asset management in 2021 with the acquisition of L'Etoile Properties. Sienna now oversees €10 billion (including €2.7 billion of permanent capital or NAV) on behalf of its shareholder GBL as well as international clients, mainly through real estate assets, investments in private market funds as well as through direct equity investments in unlisted companies.
Sienna Investment Managers has been licensed as of this year by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg under the name Sienna Capital Management SA. Sienna currently has twenty employees, of six different nationalities, with an almost equal number of men and women.
In seven years, Sienna Investment Managers has built a track record of high-quality performance and has now further strengthened its platform in order to be able to bring its expertise to investors beyond GBL. With its experience and the quality of the group's reputation, Sienna Investment Managers aims to become over time one of the European leaders in third-party alternative and real asset management
About Iceberg Data Lab
Iceberg Data Lab is a Fintech specialised in ESG Data Solutions for Financial Institutions.
Iceberg Data Lab developed the Corporate Biodiversity Footprint to model the impact of corporate on biodiversity and enlarged the scope of its environmental data solutions in July 2020 through the asset contribution of I Care data branch.
Iceberg Data Lab's metrics are used by leading international Financial Institutions to report and manage their impact.
Iceberg Data Lab was founded by experienced experts of Environmental Science, Data Analytics and Finance.
Iceberg Data Lab is a French SAS registered within the Trade and Company register of Versailles under N°878 784 677.
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This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.
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