Net Purpose Partners with tickr to provide impact data
- Global impact data provider partners with tickr impact investing app to deliver data on corporate social and environmental performance
- Net Purpose is dedicated to helping investors report on their impact and contribution to the United Nations Sustainable Development Goals
- tickr provides a new generation with the tools to invest for their future and increased their monthly income tenfold during the pandemic
LONDON, June 10, 2021 (GLOBE NEWSWIRE) – Net Purpose, the global provider of impact data for responsible, sustainable and impact investors, partners with tickr, the impact investing app, to provide data to measure the social and environmental results of its funds.
Founded in 2019 with the goal of reaching one million investment professionals by 2025, Net Purpose is the world’s leading data provider dedicated to a new generation of investors investing for profit. By quantifying the social and environmental outcomes of companies and investment portfolios, Net Purpose enables investors to effortlessly report on their impact and contribution to the United Nations Sustainable Development Goals.
The deal represents the first digital consumer client for Net Purpose, whose clients include global asset and wealth managers with more than $ 1,000 billion in assets under collective management.
The tickr impact investing app, which allows users to invest in companies offering social and environmental solutions, will use data from Net Purpose to measure the performance of companies in various sectors, including water, l food, clean energy, health and education. To date, a mix of business research and index analysis has helped tickr users understand their impact. Partnering with Net Purpose will help users better understand their impact, providing supporting data for a range of metrics. This accessible and insightful information will support the tickr community of over 100,000 users, 90% of whom are new investors, and help them invest in companies that match their values.
The data will inform tickr’s decision-making process, guide its engagement approach and provide the foundation for corporate reporting. For its users, the impact is as important as the financial returns and the partnership with Net Purpose means that tickr will be able to provide quantitative reports in the app, allowing users to keep abreast of their personal and community impact. . As the majority of tickr users are first-time investors, investment engagement and education is essential to tickr’s mission as their team supports users throughout their journey. Net Purpose data offers an opportunity to show the real impact of the companies in which they invest, by reinforcing relativity and confidence.
Net Purpose Founder and CEO Samantha Duncan said: âWe are excited to be working with tickr, which demystifies impact investing for everyday investors. Our data will play a vital role in providing tickr users with reliable and insightful information to make the right decisions on where to invest. We look forward to expanding our relationship with tickr to other sectors in the future to ensure investors have access to meaningful impact data across all sectors.
Tickr co-founder Tom McGillycuddy said: âWe want to show a new generation of investors that they can make their money grow while having a positive impact. Net Purpose data will be essential in ensuring that our users know and understand the good they are doing. Showing how their investments contribute to the United Nations Sustainable Development Goals will be a particularly powerful marker for our users to understand their impact in the world at large. “
London-based Net Purpose aggregates, cleans and standardizes quantitative data on the social and environmental performance of the world’s largest listed companies.
In December 2020, Net Purpose raised $ 2.5 million in an investment round led by Illuminate Financial and is supported by angel investors from Jim O’Neill, former chairman of Goldman Sachs Asset Management, and Kevin Gould, co-founder of Markit.
tickr, which increased its monthly income tenfold during the pandemic, allows people to invest their money in businesses grouped under the People and Planet themes, or a mix of the two. Offering investments only in companies that generate social and environmental solutions, tickr, which has offices in London and Liverpool, challenges the status quo in the investment industry. Now the platform is expanding to include services that give users the tools to positively impact their finances beyond investing.
Notes to Editors
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About the net object
London-based Net Purpose is the world’s leading data provider dedicated to a new generation of investors investing for profit. Net Purpose aggregates, cleans and standardizes quantitative data on the social and environmental performance of companies and investment portfolios, so that investors can easily report in accordance with all global standards and goals. The company was founded by impact measurement experts Sam Duncan, former head of impact at Leapfrog Investments, and Dinah Koehler, former executive director, Sustainable Equities, at UBS Asset Management. Net Purpose investors include Illuminate Financial; Revent Ventures; Jim O’Neill, former chairman of Goldman Sachs Asset Management; and Kevin Gould, co-founder of Markit.
For more information visit www.netpurpose.com
tickr is an app that empowers users to positively impact the world through their finances – from investing in businesses that positively impact the planet to offsetting their carbon footprint. B Corp certified, tickr was built by Matt Latham and Tom McGillycuddy after stints at Barclays and Wellington Management, respectively. Together, they set out to demystify investing, to open it up to a new generation, to show them that they are able to invest their money without compromising their values. In 2020, tickr went twice carbon neutral by offsetting double its carbon output, before launching a carbon offset subscription for its users – giving people the power to erase their emissions from the planet and take climate change in hand.
For more information visit www.tickr.co.uk