Global wealth management platform FNZ has made a “strategic investment” in sustainability data and analytics business Gist for an undisclosed sum.
The investment will support Gist’s expansion as well as build on the existing collaboration between the two firms to integrate the analytics firm’s data into FNZ Impact, the platform’s sustainable investment solution.
FNZ added that the partnership will also help retail investors, financial advisers and wealth managers better understand the issues that most matter to them and allocate capital accordingly.
Gist measures monetary impact across four areas: natural, human, social and produced capital; the same framework used by the United Nations.
The data company was founded in 2011 and has offices in Geneva, London, Mumbai and Singapore.
Impact quantification is ‘urgent’
Vian Sharif, head of sustainability at FNZ, said: “The imperative for robust, science-based impact data has never been stronger, particularly ahead of a number of global regulatory changes, which require investment firms and advisers to incorporate clients’ ESG preferences into their suitability assessments.
“The allocation of capital is critical to driving the change required to transition to net-zero and building a more sustainable economy and society. By democratising information on the impact of portfolios, FNZ Impact empowers investors, their advisers and wealth managers to contribute to a sustainable future for the next generation through their investment decisions.
“In Gist, we believe we’ve found not only one of the most rigorous and transparent methodologies in the market, but a company and team with a mission aligned strongly to our own and whose growth we are excited to support.”
