Breaking News
T-REX and Xpansiv Bridge Gap Between Sustainable Finance and Environmental Markets
T-REX, the leading financial infrastructure provider for complex fixed income investments, now enables environmental performance data linked to sustainably financed projects to be continuously updated in its market leading ESG data platform. The environmental performance data uses Xpansiv’s Universal Project Number (UPN), which the company recently made available for licensing to expand the system’s availability to address systemic challenges inhibiting energy transition financing at scale.
“Trusted and scalable financial infrastructure is needed to facilitate the trillions of dollars of investment required to meet net zero greenhouse gas (GHG) emission goals by 2050,” said Benjamin Cohen, Chief Executive Officer of T-REX. “By integrating UPNs into any structured or private credit deal managed on the T-REX platform, lenders and companies will be able to create data-driven sustainability-linked covenants and benchmark across a wider range of metrics. T-REX clients will be able to track the real-time results of their investments across the lifecycle of any asset that is financed, enhancing returns on capital, and reducing risk, all while automatically monitoring the intended sustainability outcome, no matter how complex.”
With the addition of UPNs to T-REX’s sustainable finance offering, lenders can structure, monitor, and dynamically price facilities based on sustainability objectives, track environmental impacts, and ultimately enhance risk and portfolio management practices. Organizations seeking financing can leverage immutable external data integrated with financial and operational data to achieve optimal financing, through frequent and transparent reporting. For lenders and borrowers alike, immutable, standardized data, and financial infrastructure built for complex markets, will enhance transparency, and streamline reporting, integrating with enterprise-wide tech stacks including systems for regulatory reporting, risk management, portfolio monitoring, and climate impact measurement.
“The T-REX platform will directly tie energy transition finance to environmental performance metrics using UPNs. Our UPN-linked Environmental Instrument Numbers (EINs) are currently used to track billions of registered, tradeable assets across renewable energy, carbon, digital fuels, and recycled plastics. The breadth and flexibility of T-REX’s platform and its broad base of top-tier financial institutions provides the ideal format to bridge sustainable finance with Xpansiv’s global registry and environmental market infrastructure,” said Andy Bose, Senior Vice President, Market Development and Policy at Xpansiv. “This is precisely what we had hoped would happen in designing our licensing strategy.”
- EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ Read more
- FreedomPay Drives Global Merchant Innovation Read more
- FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
- Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
- Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more