AXA Climate has announced the launch of new functionality on its Altitude platform, aimed at providing private equity investors with climate, carbon and nature related risk assessments.
The Altitude platform allows asset management companies to understand the climate risks for both their existing portfolio and during pre-acquisition. With the new functionality, companies can now obtain a consolidated view of ESG risks at both fund and portfolio level.
Altitude’s algorithm and scientific databases automatically identify all risks related to climate change, carbon emissions and biodiversity loss for businesses, regardless of their sector, size, or location, providing a valuation and decision-making process for investors. Altitude has currently screened over 750 companies and was awarded “Best ESG/Climate Reporting Platform” at the ESG Investing Awards 2023.
CEO of AXA Climate, Antoine Denoix, continues: “We are delighted to reach this new milestone with Altitude. Private equity will be a powerful lever for transitioning to a more sustainable economy. With Altitude, we are giving them the means to strengthen the fight against climate change and biodiversity loss.”