London-based tech firm Unwritten has launched Unwritten 360, a private markets platform that helps assess and report climate risk across the investment process. ESG teams will be able to understand the climate transition and physical risks facing prospective investments through the platform’s pre-due diligence screening. In addition, investors can export portfolio-level analysis and data to expedite disclosure tasks, outline relevant climate policies and government programmes which can benefit or complicate portfolio companies’ business plans, and develop a roadmap to increase the net zero alignment of portfolio companies. In addition, investors can have a view of portfolio holdings’ potential to align capital expenditure with sustainable taxonomies, with a view to access more affordable, sustainability-linked debt. “We’re excited to be launching Unwritten 360, but it’s really just the starting gun,” said Unwritten Co-founder and CEO Amos Wittenberg. “Our goal is to empower ESG teams in a job that will always be demanding but is also uniquely influential, with the power to create climate value in every investment.” Unlike in public market, the timeframes, concentration, and illiquidity of private market portfolios mean their investors have greater exposure to the financial risks of climate change, Unwritten explained. But they also have the influence and mandate – gained through financial control – to drive portfolio companies’ alignment with climate-related goals, the firm noted.
