Data Provider Utility, a source of global sustainability data, has raised $6 million in a preliminary funding round intended to extend the company's global reach and accelerate employment.
Participants in the financing, which venture capitalist Eldridge led, included Luxembourg Stock Exchange, CBOE Global markets, and Oxford Enterprises.

John Deters, the CBOE's Chief Strategy Officer, stated:
"CBOE is thrilled to support the expansion of Util's portfolio and worldwide reach, which are closely aligned with CBOE's strategic priorities. We think Util's product suite is the only one on the market offering scientifically-based, objective, and actionable data sets to market participants positioning themselves around the United Nations Sustainable Development Goals."
Util, based in London, provides financial institutions with sustainability intelligence, including a recently launched platform revealing the social and environmental impact of companies against the UN Sustainability Development Goals (SDGs) and allowing users to explore and compare the effects of 50,000 listed companies, as well as screen investments based on these concepts and generate customized portfolio reports.
PGIM Quantitative Solutions, Nuveen (a TIAA firm), Danske Bank Asset Management, Degroof Petercam Asset Management (DPAM), and a.s.r. are among the company's clients.
Julie Becker, CEO at LuxSE, said:
"As we speed up the climate transition, it becomes more important to be able to track how businesses affect society and the environment." vital." Tutors are looking for more reliable sources of sustainability data to determine how much different companies contribute to or detract from the Sustainable Development Goals (SDGs). quality objectives.
The announcement comes as Util accelerates senior-level employment and, according to the firm, client growth continues to increase.
Patrick Wood Uribe, CEO of Util, stated:
"We are thrilled that CBOE and LuxSE share our goal, and we look forward to collaborating to incorporate sustainability intelligence into the global financial system."
Comments