Minneapolis, MN - FinTech company Ethos ESG and merchant-banking firm Alchemy Acquisition Corp. announce a joint venture partnership to rank and rate public companies based on ESG impact utilizing proprietary data and analysis. Ethos ESG and Alchemy will work together to bring transparent ESG analysis to Alchemys network of institutional investors around the world. Alchemy has also completed a principal investment into Ethos ESGs seed-round which closed in 4Q 2021.
Alchemy Co-Founder & CEO Henry Huang noted the need for rigorous ESG analysis and standardization: While there is a lot of excitement and investment going into ESG at the moment, the sector still lacks a consistent engine to orchestrate and standardize ESG impact measurement. The team at Ethos ESG understands the depth of this challenge and is technically adept to solve it. The infrastructure they are creating will be a core driver to automation and the adoption of non-biased industry standards, and we are excited to welcome their team into our ESG Public-Private-Partnership (PPP) Consortium. We look forward to partnering with their team to accelerate our vision to create new asset-classes grounded in ESG & Infrastructure where investment performance will be tracked not just by financial returns, but also worldwide impact in adherence to the United Nations Sustainable Development Goals.
Ethos ESG and Alchemy will conduct joint research on public companies globally and produce industry/sector-specific coverage reports, analyze ESG issues of interest to the ESG PPP Consortium members, and help introduce Ethos ESGs unique approach to ESG data to clients around the world. Where ESG data has traditionally focused only on financial risk to companies, Ethos ESGs system addresses both financial risk and ESG impact in alignment with the UN Sustainable Development Goals.
Ethos Founder and CEO Luke Wilcox said, Were thrilled to partner with Alchemy to bring transparent ESG and impact information to investors around the world. The team at Alchemy is at the forefront of tackling global challenges through innovative partnerships and financial analysis."
With both companies using the Sustainable Development Goals as a basis for measuring impact, this exciting partnership combines the best that both companies can offer. Ethos ESG brings its transparent and impact-focused data, and Alchemy with its international financial services expertise.
About Ethos ESG:
Founded in 2019, ethos ESG is an ESG software and data platform for financial advisors, institutions and investors. Ethos offers data and analytics covering the impact of 8000 stocks and 6000 funds across 45 causes. Ethos uses a combination of independent third party sources, government filings, company data and proprietary research to come up with transparent ESG ratings. Customers include financial advisor firms across the US, Europe and Australia, individual investors and corporate clients.
About Alchemy Acquisition Corp.:
Alchemy Acquisition Corp. is a privately-held merchant banking, private equity, alternative asset management and financial services company. Alchemy specializes in corporate debt/equity, real estate debt/equity and infrastructure on a global basis. The firm transacts primarily across four sectors: (1) ESG & Renewables, (2) Metals & Mining, (3) Real Estate & Infrastructure and (4) Technology, Media, Telecom & Sports (TMT-S).