BlackRock Partners with Clarity AI to Offer Aladdin Users Data for SFDR Reporting
Sustainability analytics and data science platform Clarity AI announced today that investment giant BlackRock is utilizing its sustainability data, integrated into BlackRock’s Aladdin platform, to support enterprise reporting for the EU’s Sustainable Finance Disclosure Regulation (SFDR) framework.
Clarity AI is a pure-play impact evaluation and assessment technology platform, designed to enable investors to manage the impact of their portfolios. The platform uses big data and machine learning to create actionable sustainability and impact insights and expand these to a uniquely broad universe of companies, countries, and local governments, and supports regulatory and client reporting to help investors meet new sustainability disclosure obligations, such as those required by SFDR and EU Taxonomy regulations.
BlackRock announced in January 2021 that it had invested in Clarity AI, and the firm has since integrated Clarity AI’s capabilities into its own Aladdin operating system for investment professionals. BlackRock also participated in a subsequent $50 million funding round for Clarity AI in December 2021.
Rebeca Minguela, Founder & CEO of Clarity AI, said:
“We are thrilled to deepen our client relationship with BlackRock. As part of our comprehensive sustainability tech kit, we are uniquely positioned in the market to deliver everything required for regulatory reporting, including SFDR, EU Taxonomy, UK Taxonomy, TCFD, and MiFID II.”
BlackRock will utilize Clarity AI’s platform for reporting on Principal Adverse Impact (PAI) indicators, one of the key aspects of the SFDR regulation coming into effect in 2023.
Stéphane Lapiquonne, Managing Director at BlackRock and Head of Sustainability for Europe, Middle East, and Africa, said:
“Deepening our partnership with Clarity AI is an exciting step forward for BlackRock and will provide us the ability to offer Aladdin users enterprise level reporting for SFDR. The depth and transparency behind Clarity AI data can help Aladdin users better understand exposures to the PAI metrics across their portfolios.”