News

LF Climate Finance / OS-Climate in The News

Is open source the answer to the climate data problem?

28 Sep 20

An open source project will be launched in Q4, which will be a breakthrough solution to tackle the climate-aligned investing and data challenges investors face, its backers have claimed. The tool, known as OS-Climate platform, was presented at Climate Week NYC on 25 September. Hosted by the soon-to-be-launched LF Climate Finance Foundation (LFCF), it will integrate data and analytical models.

FINEXTRA TV: US FS REGULATORS REACH UNANIMOUS DECISION (VIDEO)

24 SEP 2020

BLOOMBERG LIVE: THE BUSINESS CASE FOR CLIMATE ACTION – CLIMATE FINANCE DATA (VIDEO)

17 SEP 2020

Truman Semans, Chief Executive Officer, OS-Climate; Ana Privette Pinheiro, Senior Program Manager, Scientific Data, Amazon; Dr. Urs Bitterling, Head of Corporate Responsibility, Allianz SE; and David Cox, Head of Practice Incubation, Microsoft speak with Bloomberg’s Eric Roston at the Bloomberg Green virtual event about the importance of accurate climate finance data. (Source: Bloomberg)

BREAKINGVIEWS – U.S. CLIMATE REPORT’S OBVIOUSNESS IS ITS STRENGTH

09 SEP 2020

NEW YORK (Reuters Breakingviews) – Another report on the risks of climate change ought to be unnecessary as wildfires rage across America’s Pacific states. But that’s what appeared on Wednesday at the behest of the Commodity Futures Trading Commission. The document’s main strength is its obviousness.

THE OPEN SOURCE MOVEMENT TAKES ON CLIMATE DATA

03 SEP 2020

As GreenBiz co-founder and Executive Editor Joel Makower wrote earlier this week, many companies are moving to disclose “climate risk,” although far fewer are moving to actually minimize it. And as those tasked with preparing those reports can attest, the process of gathering the data for them is frustrating and complex, especially as the level of detail desired and required by investors becomes deeper.

LINUX FOUNDATION, FINANCE COMMUNITY PARTNER TO BUILD THE ‘KUBERNETES OF CLIMATE CHANGE’

03 SEP 2020

The New Stack, Libby Clark

If an open source project like Kubernetes can change the entire cloud computing industry within five years, then open source could change how the financial industry makes investment decisions around climate change as well — and do it fast.

DAILY ESG BRIEFING

03 SEP 2020

Responsible Investor, Gina Gambetta

The Interfaith Center on Corporate Responsibility and the Investor Alliance for Human Rights are among those backing a formal petition with US Customs and Border Patrol, urging it to ban cotton-made goods linked to the Xinjiang region of China. The move has been prompted by high-

LINUX FOUNDATION COMMITS TO ADDRESSING CLIMATE CHANGE WITH DATA & ANALYTICS

02 SEP 2020

The organization’s new Climate Finance Foundation will host an open source analytics platform to boost financing for climate solutions and aid decision makers.

CLIMATE RISK: AMAZON, ALLIANZ, MICROSOFT, AND S&P GLOBAL JOIN OPEN DATA INITIATIVE

02 SEP 2020

Linux Foundation Press Release

Linux Foundation spearheads new drive to harness AI and open source data to combat climate risk

A clutch of global corporates including Amazon, Allianz, Microsoft, and S&P Global are leading a new initiative to harness AI, open source analytics and open data to help better manage climate risks and take advantage of the opportunities offered by the net zero transition, the companies announced yesterday.

SHARING DATA TO HELP LAUNCH THE LINUX FOUNDATION CLIMATE FINANCE FOUNDATION

01 SEP 2020

Microsoft On the Issues (blog), Jennifer Yokoyama

Today, Microsoft is joining Allianz, Amazon and S&P Global in announcing plans to launch the Climate Finance Foundation, a new initiative led by the Linux Foundation to build the OS-Climate Platform. This initiative leverages open-source analytics and open data to empower the investment community, as well as NGOs, academia and others, to help better model companies’ exposure to climate change. Microsoft is committing to sharing its significant and relevant sustainability data to advance the financial modeling and understanding of climate change impact.

AMAZON AND MICROSOFT BACK THE LF CLIMATE FINANCE FOUNDATION

01 SEP 2020

SiliconAngle, Mike Wheatley

The Linux Foundation said today it’s stepping up its efforts to tackle climate change with the launch of the LF Climate Finance Foundation.

The initiative has been established to provide artificial intelligence-based, open source analytics and data to academia, banks, companies, insurers, investors, governments and nongovernmental organizations to help them address climate risk and opportunities, the Linux Foundation said. Its founding members include Allianz SE, Amazon.com Inc., Microsoft Corp. and S&P Global.

AMAZON, MICROSOFT FIGHT CLIMATE CHANGE WITH OPEN SOURCE

01 SEP 2020

SDxCentral, Jessica Lyons Hardcastle

Amazon and Microsoft are two of the founding members of the Linux Foundation’s latest initiative, which taps open source data and analytics to tackle climate risk.

The initiative is called the LF Climate Finance Foundation, and its members are building an open source platform to help investors, banks, governments, and other organizations use artificial-intelligence (AI) based analytics and data to make better climate-related investments.

PROPELLING COLLABORATION ON CLIMATE RISK WITH OPEN SOURCE DATA (VIDEO)

01 SEP 2020

Finextra TV, Richard Peers

NEW LF CLIMATE FINANCE FOUNDATION TO HOST OPEN SOURCE INITIATIVE TO ADDRESS CLIMATE RISK AND OPPORTUNITY IN FINANCIAL SECTOR

01 SEP 2020

The Linux Foundation (LF), the nonprofit organization enabling mass innovation through open source, today announced the intent to form the LF Climate Finance Foundation (LFCF), a new initiative with the goal of empowering investors, banks, insurers, companies, governments, NGOs and academia with AI-enhanced open source analytics and open data to address climate risk and opportunity. Allianz, Amazon, Microsoft and S&P Global have already committed to be founding members. The Climate Finance Foundation’s planning team includes representatives from the World Wide Fund for Nature (WWF), Ceres and the Sustainability Accounting Standards Board (SASB).

Science Based Targets initiative kicks off creation of tool to assess investment portoflios

16 JUNE 2020

Responsible Investor, Khalid Azizuddin

The Science Based Targets initiative (SBTi) has commissioned US and Dutch climate experts to build a tool to assess the Paris-alignment of investment portfolios.

A contract with a maximum value of $130,000 has been awarded to analytics provider Ortec Finance and US non-profit OS-C…

LITTERMAN-LED CLIMATE BODY ASKS FOR MARKET FEEDBACK AS IT PREPARES TO ADVISE US REGULATORS

29 APRIL 2020

Responsible Investor, Khalid Azizuddin

A group of climate risk experts led by ex-Goldman heavyweight Bob Litterman is calling for feedback as it prepares to advise financial regulators in the US.

The 35-strong group, formally known as the Climate-Related Market Risk Subcommittee, was set up by the US Commodity Futures…

CFTC COMMISSIONER BEHNAM ANNOUNCES MEMBERS OF THE MARKET RISK ADVISORY COMMITTEE’S NEW CLIMATE-RELATED MARKET RISK SUBCOMMITTEE

19 NOVEMBER 2019

Washington, DC — U. S. Commodity Futures Trading Commission Commissioner Rostin Behnam today announced the members of the new Climate-Related Market Risk Subcommittee (Climate Subcommittee) of the CFTC’s Market Risk Advisory Committee (MRAC). Commissioner Behnam is the sponsor of the MRAC.