Capital markets technology and exchange company Nasdaq’s investment arm, Nasdaq Ventures announced a strategic investment in Copenhagen-based sustainability analysis and reporting solution provider Matter.

James McKeone, VP Head of European Data at Nasdaq, said:

“The demand for sustainable investing options will continue to drive a strong need for ESG data solutions that give access to both aggregated data and transparent overviews of the actual ESG impact of portfolios. Matter has become a leading provider of ESG analysis and reporting tools. We are pleased to deepen our partnership with Matter and will continue to work together to empower investors with user-friendly ESG data products that give them actionable insights into the sustainable impact of their portfolios.”

Matter is a provider of software solutions aimed at making it easier for investors to understand and report the sustainability impact of investments. The company’s solutions enable users to benchmark portfolios on impact metrics, controversial and beneficial flags, and Natural Language Processing driven news media sentiment, leveraging trusted frameworks, data sources and news sources to provide insights across all relevant sustainability categories. The Nasdaq ESG Footprint, an interface provided by Nasdaq measuring the global sustainability effect of portfolios and individual securities, is powered by Matter’s analytics technology.

Niels Fibæk-Jensen, CEO of Matter, said:

“We are excited to welcome Nasdaq Ventures as an investor and look forward to strengthening our partnership with Nasdaq around sustainability. The investment will enable us to continue the expansion of our sustainability analysis and reporting solutions for financial institutions. Together with Nasdaq, we can enable a better understanding of the impact of capital by delivering sustainability insights in a transparent and intuitive way, and thereby help investors make capital work for a more sustainable future.”