iClima Earth launches fund transparency feature using Tumelo’s API
Tumelo, an impact-focused fintech and iClima Earth (“iClima”), a leading environmental data analysis firm providing information on listed companies that can decarbonise the planet, announce the launch of iClima’s new investment transparency feature.
Powered by Tumelo’s API, the feature enables users to view all individual companies inside each fund and ETF displayed on iClima's website, with objective information available for each individual company.
Full investment transparency at this level is fast becoming popular for investment platforms, asset managers, financial advisors, and organisations looking to engage their users with ESG and present ethical investment packages. With the likes of Legal & General and Aviva already using Tumelo solutions, iClima Earth will be the first data provider to embrace investment transparency to better inform their users.
Commenting on the partnership, Will Goodwin, Co-Founder and Commercial Officer of Tumelo said: "The partnership shows the importance of transparency in facilitating impact and positive change. We are delighted to join forces with iClima Earth to bring cutting edge transparency tools to encourage good stewardship and provide a better and engaging experience for their users.”
As the demand for financial services to consider environmental, social, and governance (ESG) matters becomes increasingly prevalent, greenwashing has become a real risk for unbeknown investors. Transparency ensures that investors are able to see whether the label is reflective of the product in an easy-to-use and user-friendly way.
Gabriela Herculano, Co-Founder and Chief Executive Officer of iClima said: “We are motivated by the concept that the best way to reduce CO2 equivalent (“CO2e”) in the atmosphere is by not emitting in the first place. We develop investment research and equity indices based on this laser focus – the decarbonisation of our planet.
“We believe the companies in our universe are offering truly relevant products, moving us away from Business as Usual based on fossil fuel and high emissions. Having said that, we want to enhance engagement between the shareholders and these companies, being a conduit for more disclosures, transparency, and sustainable practices. We see Tumelo’s solution as a fundamental tool to help us be a catalyst for change.”
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Notes to editors
Tumelo is an impact-focused financial technology firm that empowers investment and workplace pension providers by giving their members and customers transparency over the companies they are invested in and a voice on issues that matter, like climate change, human rights, and gender equality.
Tumelo’s solution is delivered via easy to integrate APIs and/or a white-label user-facing platform. The software connects with investment platforms and pension schemes to create a seamless user experience, improving customer engagement, insight, acquisition, and retention.
Tumelo works closely with fund management and stewardship teams to ensure that the voice of underlying customers is represented in decision-making and considered during strategic or product development initiatives.
Tumelo’s technology is currently used by market leaders such as Legal & General, Aviva, Cushon, Wealthify, and iClima Earth.
About iClima Earth
iClima Earth Ltd. is a London-based Impact Green FinTech that wants to redefine climate change investments.
iClima’s first benchmark shifts the target from companies’ emission reduction actions, to companies offering products and services that enable CO2e avoidance solutions. Referred to as “climate champions” – these are companies delivering impactful solutions measured by the GHG emissions avoidance potential of their products. iClima not only changes the narrative of low carbon investments, but it alters the landscape of sustainable investments by quantifying impact. iClima has developed a methodology to quantify CO2e avoidance potential of companies, a tangible measurement of impact.
Its second index shines a spotlight on the relevant companies enabling electricity generation and storage using renewable energy sources in a local, decentralised, and modular way. Flexible technologies in distributed renewable generation collect energy from many sources, lowering environmental impact and increasing security of supply.