BITA and impak Analytics Announce Strategic Partnership

BITA and impak Analytics Announce Strategic Partnership to Empower ESG and Impact Indices

[Frankfurt, Montreal, Paris, London, May 2023] – BITA, a leading provider of advanced index solutions, and impak Analytics, a pioneer in impact intelligence and data, today announced a strategic partnership to empower the development and launch of innovative Environmental, Social, and Governance (ESG) and Impact indexes. The partnership aims to provide investors with a comprehensive suite of tools and data to navigate the rapidly evolving sustainable investing landscape.

BITA’s expertise in custom index development, global index administration, and advanced cloud-based index creation tools will be combined with impak Analytics’ actionable impact intelligence and data. The collaboration will leverage both companies’ capabilities to offer a wide range of ESG and Impact indexes tailored to the needs of investors and financial institutions.

“Combining our unique impact and ESG data with Bita’s top-notch indexing capabilities enables us to accelerate new product development for clients and offer innovative index and index-linked products to the market”, said Boris Couteaux, Head of Indices at impak.

With the iMat, a double materiality selection tool, impak Analytics helps investors to address the top sustainable challenges that the financial industry faces. The impak Score ™ enables the financial sector to go beyond ESG and take more sustainable decisions, thanks to its up-to-date methodology based on the most rigorous standards and principles recognized by industry practitioners.

“Through our partnership, BITA and impak will provide index solutions that incorporate multi-faceted measures of ESG and sustainability. These solutions based on internationally recognized standards can serve to close gaps in product offerings, serve compliance needs, identify green-washing and meet data needs.” –Leslie Nicholson, BITA Chief Product Officer

This collaboration will provide the financial industry with the necessary tools to support the transition towards sustainable investing and contribute to a more responsible and inclusive financial ecosystem.

About impak Analytics

impak Analytics, is an AI-using fintech scale-up that has developed a user-friendly impact data & intelligence platform with impact assessment, scoring, rating solutions and impact indices, to develop index funds and ETFs. Its mission is to help the financial sector make more sustainable decisions thanks to its impact assessment methodology based on international standards and principles such as the Impact Management Platform and the UN 17 Sustainable Development Goals.

impak Score™

Through the double materiality approach, incorporating positive impacts andmore than 3,700 enriched data points, impak developped the impak Score™ resulting in impact analyses that are standardized, comparable, reliable and contextualized.

About BITA

BITA is a leading technology-enabled Fintech, focused on the provision of investment customization technology, indexes, and indexing solutions to asset & wealth managers, registered investment advisors and other financial institutions across multiple markets. From traditional passive investing to direct indexing, BITA’s infrastructure has been designed to support investment customization at scale.

BITACore is BITA’s cloud-based index development and investment customization platform. BITACore is available both in a web-based version as well as APIs, and can support a variety of applications, from traditional institutional indexing to direct indexing.

Disclaimer

The information in this document does not constitute tax, legal or investment advice and is not intended as a recommendation for buying or selling securities. BITA and all other companies mentioned in this document are not responsible for the consequences of reliance upon any opinion or statement contained herein or for any omission.