“Portfolio eViewer” is a tool to provide blue metrics to Nordic financial institutions
Can financial institutions take decisions based on ocean impact? Yes, if they have relevant data
We’ve been working together with Copenhagen Business School, Green Digital Finance Alliance, S&P Global and WWF Denmark to develop a tool that will provide blue metrics to Nordic financial institutions. That way they monitor how their actions impact the ocean.
Our CFO Martin Styrmoe Moen presented the result of this work recently. The Proof of Concept is called “Portfolio eViewer”.
It uses ownership data from 8 global shipping companies and connects them to their actual vessels’ movement, using a global AIS dataset (250,000+ vessels) in our Ocean Data Platform.
This innovative investor tool measures two key ocean indicators: 1) CO2 emission from vessels; 2) risk exposure from shipping activities in marine protected areas.
The tool overlays several types of data: environmental, geolocated asset-level, and financial ownership data. It allows financial institutions to measure the risk from a shipping company’s activities in a marine protected area.
Additionally, it highlights the CO2 emissions from vessels, once the ownership data linkage is established, allowing financial institutions to assess the risk individual assets pose to the health of oceans.
“The positive outcome of using this tool for the investors and financial sector would be to successfully identify and favour investments, which do not pose significant risks to ocean health, and engage with investees on improving their environmental standards and impact,” says Kristjan Jespersen, Associate Professor in Sustainable Innovation and Entrepreneurship at CBS.
For the next several months, we’ll be collecting feedback on the tool and assessing its market potential.
“We already see a great scaling potential for our “Portfolio eViewer”, if we keep improving the product and data offering. We are also exploring the possibility to expand this tool into other relevant ocean industries, such as fishing, aquaculture and offshore wind, in the future,” says Martin.