1010data Announces Integration of ICE Climate Physical Risk and Social Impact Data To Offer ESG Analytics Solution to Structured Finance and Fixed Income Communities
New York, NY
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February 27, 2023 09:00 AM Eastern Standard Time
1010data, a leading provider of fixed income data and analytics solutions, today announced an agreement with Intercontinental Exchange (ICE), a leading global provider of data, technology and market infrastructure, to use ICE’s Climate Physical Risk and Social Impact Data to support social and environmental risk assessments in the structured finance and fixed income communities. 1010data plans to integrate ICE’s Climate Physical Risk Data and Social Impact Data into the 1010data Insights Platform to help investors assess risk in specific geographies through quantitative analysis of social, environmental and climate conditions.
“We are excited to be working with ICE to bring cutting-edge social and climate data and solutions to our asset management customers overseeing investments subject to climate-related risks,” said Jonah Ellin, Chief Product Officer of 1010data. “By leveraging ICE’s Climate Physical Risk and Social Impact Data with the power of the 1010data Insights Platform, we can help customers gain insight into the social and climate impacts on their portfolios. Our aim is to provide the investment community with the tools they need to analyze data and make better informed decisions to assess risk based on ESG criteria.”
By using datasets already hosted by 1010data or clients' own data and models, the combination of 1010data analytics and ICE Climate Physical Risk and Social Impact Data can allow clients to gain insights into climate and ESG risks and opportunities. For example, the data can be used to help quantify climate-related risks, forecast the impact of insurance premiums over time, assess prepayment risk, and understand the impact of these risks on the affordability of homeownership within their portfolio.
ICE’s Climate Physical Risk data applies geospatial climate, economic and demographic data to specific U.S. municipalities, MBS pools, and related fixed income securities. This level of transparency can inform municipal and mortgage-backed securities (MBS) market participants’ investment decisions on securities that may have high climate risk exposure in an existing portfolio. ICE’s Social Impact Data provides socioeconomic and demographic insight on the municipal bond and MBS markets, enhancing the decision-making process for investors as they execute sustainable and socially-conscious investing strategies.
“We are pleased to work with 1010data to bring ICE’s Climate Physical Risk and Social Impact Data to more mortgage investors,” said Larry Lawrence, Head of Sustainable Finance Products at ICE. “ICE’s unique climate and social data offering with 1010data’s existing analytics capabilities can provide investors the analytics to better understand their risk exposure to climate hazards, such as flood, wildfire and hurricanes along with the ability to identify social impact opportunities.”
About 1010data
1010data leverages source data to provide powerful analytics, scalability, and high-speed processing capabilities, designed to give users a significant competitive advantage in portfolio management, such as earlier detection of warning signals. Accessing these capabilities, asset managers will now be able to construct and execute analysis based on ESG factors to support investment decisions.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data servicesand execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. FactSet® is a trademark of FactSet Research Systems, Inc. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.
1010data provides decision science and data management solutions that empower companies to identify the insights needed to make timely and accurate business decisions. For over 20 years, we’ve provided industry-leading solutions for mortgage and asset-backed loans, as well as consumer and property-level analytics. Experience how you can "see what you need” by spotting signals amidst a vast array of market data in the fastest manner possible. To learn more, visit www.1010data.com. Industry contact, Frank Riva, VP of Marketing, Frank.Riva@1010data.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023. For investor relations, please contact Katia Gonazles, +1 (678) 981-3882, katia.gonzalez@ice.com or investors@ice.com.
Contact Details
Media Contact for 1010data, Meir Kahtan Public Relations, LLC
Meir Kahtan
+1 917-864-0800
Media contact for ICE - media@ICE.com or
Damon Leavell
+1 212-323-8587
Company Website
