The raise will expedite global expansion of Emmi’s GCER, a solution enabling investors and corporates to understand and solve carbon risk, and transition portfolios profitably to net-zero
Australian fintech and carbon risk solution company, Emmi is now set for global growth after securing $3.5 million from UK-based Illuminate Financial VC, local capital firm Artesian VC and an assortment of high net wealth Australian investors in the tech and climate sector.
According to a statement, the raise will expedite global expansion of Emmi’s Global Carbon Efficiency Rating (GCER), a solution enabling investors and corporates to understand and solve carbon risk, and transition portfolios profitably to net-zero.
The new GCER is a comprehensive carbon risk solution. According to the company, it has assessed more than 40,000 globally listed companies and provides insights that define how financially resilient a company or portfolio is to a carbon-constrained world, and what needs to be done to achieve net-zero in a specified timeframe.
Emmi’s GCER incorporates twelve fundamental financial metrics, common to all investors, which have been embedded with carbon risk to provide better data, insights and integration.
Emmi chair, Tim Samway says carbon transition is the greatest investment risk of our time, but also presents a major opportunity for investment out-performance.
Samway says: The investment sector carries much of the burden of carbon transition risk and if not managed well, it threatens the very stability of our global economic and capital systems.
Up until now, the investment sector has been without a tool that goes beyond a simple score, and as investors, it is critical to have access to objective and trusted insights that give us confidence to make decisions to protect and grow capital, he said.
Emmi CEO and carbon market veteran, Michael Lebbon says he is concerned about the potential outflow of capital for those investors who do not properly consider the carbon risk associated with the global transition to a 1.5 degree economy.
Lebbon says: Climate risk is investment risk and for a long time, our financial system has failed to factor environmental impact into investment decisions.