Sustainability technology platform Clarity AI and impact data and intelligence provider GIST Impact have collaborated to develop a biodiversity impact assessment product. The solution helps clients identify and size their exposure to companies with a negative impact on biodiversity to better inform investment decisions and company engagement practices. It uses Clarity AI’s platform to analyse more than 70,000 companies, 360,000 funds, 198 countries, and 199 local governments, as of January 2023, combined with GIST’s 15 years of corporate impact measurements. Biodiversity-themed funds have gained nearly US$1 billion in assets this year, indicating the “growing recognition of the financial industry’s role in mitigating biodiversity risks”, said Clarity AI and GIST. “We’re providing access to credible biodiversity data that is company-specific, geographically accurate, and provides the most holistic coverage of biodiversity impact drivers. This data is critical for effective risk management, and to support action to curb further nature loss,” said Pavan Sukhdev, Founder and CEO at GIST.