Supporting the Creation of Digital Asset ESG Indices and Financial Products
LONDON, 13 July 2023 - CCData, the leading provider of digital asset data and index solutions, and CCRI, the leading provider of crypto environmental sustainability data, today announced the launch of the industry-first, institutional-grade Digital Asset ESG Benchmark to evaluate ESG parameters and provide ratings (AA-E) for 40 of the most liquid digital assets.
CCData and CCRI's unique methodology provides a novel lens through which industry stakeholders can discern an asset's ESG exposure and analyse ESG risks and opportunities associated with a selection of digital assets. The benchmark is supported by thousands of research hours and utilises qualitative and quantitative metrics across environmental, social and governance parameters.
Ethereum was the only asset to achieve an AA grade in the first ESG Benchmark, followed by Solana and Cardano with a grade A. Looking at individual categories, Stellar Lumens led in the environmental section, while Ethereum and Polkadot topped the Social and Governance categories, respectively.
ESG mandates are increasingly prevalent amongst institutional investors and funds, with global ESG-related assets under management (AUM) forecasted to reach $33.9 trillion by 2026. CCData and CCRI’s ESG Benchmark was created to meet the increased demand from ESG-focused investors and support the development of ESG indices and financial products.
“CCData is committed to supporting a future where data-driven decision-making intersects with responsible and sustainable investment practices. With the increasing prevalence of ESG mandates among institutional investors and funds, there is a clear demand for reliable and precise digital asset ESG data. Our industry-first institutional ESG Benchmark, created in partnership with CCRI, can help stakeholders understand the true ESG impact of the largest digital assets while supporting the development of ESG indices and financial products.” said Charles Hayer, CEO and Co-Founder of CCData.
“There has been demand for crypto ESG data for years but crypto data availability and lack of methodologies have so far prevented the design of meaningful ratings. The cooperation with CCData allows us to combine our CCRI “E”-metrics with CCData “SG”-metrics to ensure high-quality and up-to-date ratings for a large set of digital assets. I look forward to seeing the innovative products and applications the crypto ESG rating enables.” said Christian Stoll, Co-Founder of CCRI.
For additional information, visit here.
CCData is an FCA-authorised benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social and blockchain data. For more information, please visit https://ccdata.io
Crypto Carbon Ratings Institute (CCRI) is a sustainability data provider for cryptocurrencies and other digital assets. As a leader in crypto sustainability, the German company works with a wide range of customers, ranging from tech companies over cryptocurrency protocols to payment providers, exchanges, and investors. CCRI provides real-time electricity and carbon emissions data for over 20 cryptocurrencies. The CCRI API can assess the individual contributions and responsibilities of crypto users’ coin holdings and transactions. The methodological approaches applied by CCRI build on peer-reviewed journal publications and reflect the latest scientific findings to provide the most accurate data to their customers.
More information: https://carbon-ratings.com/
Get our latest research, reports and event news delivered straight to your inbox.