ICE Partners with risQ to Launch Social Impact Scores

Intercontinental Exchange announced that it has partnered with risQ, a Boston-based startup focused on geospatial climate, economic and demographic data, to launch a new data service.

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According to the release, the new service was designed to allow users to understand and score the potential social impact of an investment and then to make more informed decisions about where to allocate their capital.

The social impact scores leverage dozens of variables from multiple public data sources and peer-reviewed statistical methods to help quantify multiple dimensions of socioeconomic vulnerability and need.

These scores are designed to signal the potential social benefit of an investment within a specific area, with higher scores indicating that a financial investment in a specific community is expected to have a larger potential social impact than an investment in a community with a lower score.

“By building on risQ’s expertise with geospatial climate and social data, we’re able to provide market participants with the transparency they need to quantitatively analyze and compare securities and the potential social impact of investments across different communities,”said Lynn Martin, President of Fixed Income and Data Services at ICE.

“Investors and market participants want ways to quantify and appropriately understand the potential impact of their investment, and this new service that we’ve created with ICE helps do that,” said Evan Kodra, CEO of risQ.