LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch a futures contract based on the ICE Global Carbon Futures Index (ICE: CO2). The new futures contract is designed to offer the market a way to access and hedge a global price for carbon and is expected to launch in early 2022, subject to regulatory approval.

Additionally, following an index consultation and resulting methodology update, ICE UK Allowance futures (UKA futures) are expected to be added to the ICE Global Carbon Futures Index in January 2022, making it more reflective of global carbon markets.

Read more: https://ir.theice.com/press/news-details/2021/ICE-Expands-Environmental-Complex-with-the-Launch-of-a-Global-Carbon-Futures-Index-Contract/default.aspx

IncubEx, Inc. (“IncubEx”), a Chicago-based privately held company that designs and develops new financial products in global environmental, climate risk and related commodity markets, announces the acquisition of Insurwave Limited (“Insurwave”).

Insurwave is an insurtech platform that connects insurance buyers, brokers and insurers supporting the placement and servicing of specialty insurance. It was founded by Shackleton Holdings Limited (“Shackleton”), a wholly owned EY entity.

Read more: https://theincubex.com/2021/11/incubex-acquires-insurwave/

ClearBlue Markets welcomed Loni Pierce, our new Forest Carbon Analyst on November 22, 2021. Loni brings to the ClearBlue team a strong forestry and policy background having worked for the Ontario Ministry of Natural Resources and Forestry as a Policy Analyst on forest carbon, forest economy, and forest management & legislation. Currently, she also holds the position of 2nd VP of the Canadian Institute of Forestry.

Read more: https://www.clearbluemarkets.com/post/clearblue-markets-welcomes-loni-pierce-forest-carbon-analyst

SYDNEY, NEW YORK, SAN FRANCISCO, LONDON — Xpansiv, the global marketplace for ESG Commodities, today announced Russell Karas as Head of Carbon Market Development, joining the International Carbon team to expand the company’s portfolio of standardized carbon contracts.

“I’m overjoyed to be joining Xpansiv at this pivotal moment in the evolution of carbon markets,” Karas said. “My focus will be on building liquidity on Xpansiv market CBL, the number one marketplace for voluntary emissions credits, promoting transparency and integrity and expanding our customer base through sales and education efforts.”

Read more: https://xpansiv.com/russell-karas-joins-xpansiv-as-head-of-carbon-market-development/

NEW YORK, LONDON — S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, and Xpansiv, the global marketplace for ESG commodities, today announced an agreement to collaborate on the development and distribution of assessed daily closing prices for voluntary carbon market instruments. The agreement on international carbon accounting rules reached at COP26 provides a strong foundation to develop the collaboration.

The initiative will bring increased transparency, rigor, and integrity to the pricing of voluntary carbon market (VCM) assets, providing the market with greater confidence. It brings together Xpansiv’s expertise as the global leader in trading physical carbon offsets with Platts’ market-leading experience providing pricing transparency to the developing VCM markets.

Read more: https://xpansiv.com/sp-global-platts-and-xpansiv-partner-on-vcm-transparency/

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today released the company’s sixth annual Corporate Responsibility Report.

The report summarizes environmental, social and governance (ESG) highlights from 2020 and provides an update on the range of ICE’s ESG policies and metrics. This report also marks the first time that ICE worked with a third-party consultant to conduct a formal materiality analysis and solicited feedback from the company’s employees, customers, investors, suppliers, and communities to better understand what they view as ICE’s substantive ESG risks and opportunities.

Read more: https://ir.theice.com/press/news-details/2021/Intercontinental-Exchange-Publishes-2021-Corporate-Responsibility-Report/default.aspx

(November 11)

Evolution Markets announces launch of a suite of services designed to assist corporations and other institutions in defining and meeting voluntary objectives to reduce their carbon footprint.

The new division, Evolution Markets Corporate Environmental Solutions, will work with clients throughout their net zero carbon journey with a dedicated and tailored set of tools and technical services.

Read More: https://www.evomarkets.com/newsroom/market_insights/evolution-launches-net-zero-carbon-solutions-group

(November 03)

SYDNEY, NEW YORK, SAN FRANCISCO — Xpansiv Ltd., the global marketplace for ESG commodities, today announced the acquisition of SRECTrade, Inc., an environmental commodity management and transaction platform. SRECTrade is the leading aggregator of solar Renewable Energy Certificates (RECs), with a rapidly expanding business unit focused on clean transportation and Low Carbon Fuel Standard (LCFS) markets.

SRECTrade’s technology platform and presence in REC and LCFS markets complements Xpansiv’s rapidly expanding ESG-commodities platform, which includes environmental-portfolio management and CBL, the world’s largest exchange for RECs, carbon offsets, water, and digital commodity products.

Read More: https://xpansiv.com/xpansiv-acquires-srectrade-to-scale-renewable-energy-business/

(November 10)

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that its Environmental, Social and Governance (ESG) Reference Data coverage now includes 2 million fixed income instruments. ICE’s ESG Reference data covers equity and fixed income securities across North America, Europe and Asia and adds transparency to allow users to better understand ESG risks and opportunities.

With the rise of sustainable investing, more and more investors have become focused on incorporating ESG data into their investment research and decision-making process. However, because of the complexity and size of fixed income markets, which the Institute of International Finance estimates are approximately three times the size of equity markets, many investors and other participants have not been able to view ESG metrics when it comes to identifying risks and potential growth opportunities in fixed income securities.

Read More: https://ir.theice.com/press/news-details/2021/ICE-Expands-ESG-Data-Offering-to-2-Million-Fixed-Income-Securities/default.aspx

(November 09)

On behalf of the Massachusetts Clean Energy Center, Evolution Markets will host an auction of renewable energy certificates (RECs) eligible for compliance under the Massachusetts renewable portfolio standard.

The auction of Vintage 2021 Massachusetts Class I Renewable Certificates will take place between 10:30 am EST and 12:00 pm EST on November 17, 2021. It will be conducted on Evolution Markets' online auction platform, EvoAuction.

Read More: https://www.evomarkets.com/newsroom/market_insights/evolution-to-host-rec-auction-for-massachusetts-clean-energy-center