Societe Generale and Altalurra Ventures invest in impak ratings, a leading impact analysis and rating agency in Europe.

    impak, a unique player on the market Launched in 2019 and based inMontrealandParis, impak ratings aims to be the leading European impact analysis and rating agency. The start-up has already signed with around twenty clients thanks to its innovative and unique methodology. The company provides financial institutions with high-quality impact analysis, based on the most consensual and rigorous industry standards allowing transparency, comparability and data contextualization...

 

impak, a unique player on the market

Launched in 2019 and based in Montreal and Paris, impak ratings aims to be the leading European impact analysis and rating agency. The start-up has already signed with around twenty clients thanks to its innovative and unique methodology. The company provides financial institutions with high-quality impact analysis, based on the most consensual and rigorous industry standards allowing transparency, comparability and data contextualization. By assessing how companies mitigate their negative impacts and how they create positive effects, as compared to the UN's 17 Sustainable Development Goals, impak ratings goes beyond the traditional analysis of ESG issues thanks to a dual materiality approach consisting of studying the impact of the environment on the company and the impact of the company on its environment. This approach is now recognized as being instrumental to enabling the financial sector be a catalyst for the transformation of our economies, which today explains the company's collaboration with major players in the market, such as Societe Generale.

In-depth collaborative work

Indeed, it is thanks to this differentiating positioning that the company was able to convince its new partners, whose participation will considerably accelerate the development of the start-up. In addition to its investment, Societe Generale group, through its Global Banking and Advisory division, in December 2021 chose impak ratings as a partner to provide impact analysis for all its corporate clients and integrate the ratings into the bank's standard business processes.

"We are pleased with the strengthening of this strategic partnership with impak ratings. Having a good understanding of our clients' environmental and social issues is essential to in supporting them going further with their responsibility roadmap. By welcoming the start-up into Societe Generale Ventures, Societe Generale is contributing to accelerating the environmental and social transformation of its clients' activities," said Pierre Palmieri, Head of Global Banking and Advisory, Societe Generale.

Altalurra is also making a similar choice by signing a co-development agreement with impak ratings meeting the best impact reporting practices for institutional investors in Europe and around the world.

Building momentum for sustainable finance

The financial sector is currently undergoing a deep transformation. As key players in the financing of the economy, banks are increasingly taking up environmental and societal challenges to become strong enablers in this transition. To support these changes, they need to integrate high-quality data and impact analysis into their decision-making and business processes. The synergies that are emerging today between impak ratings and its partners are fully in line with this approach, which aims to set coherent targets in the impact measurement process.

Link to the full press release: https://www.impakfinance.com/press-release/

Press contacts

Enderby
Etienne Brunot
[email protected]

Societe Generale
Sophie Dobrzensky
[email protected] 

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