NYSE and Intrinsic Exchange Group Partner to Launch a New Asset Class to Power a Sustainable Future - Seite 2

IEG has received initial funding from IDB Lab and IDB, The Rockefeller Foundation, Aberdare Ventures and Entertaining Ideas. IDB was an early supporter of IEG’s vision and helped it identify and develop projects in countries throughout South America. IDB’s extensive network of relationships and long engagement in both regional and global sustainability efforts position it as an important key partner to IEG.

The NYSE has taken a minority stake in IEG and plans to license its accounting framework to support the development of the new asset class. The transaction will not be material to ICE’s earnings or have an impact on capital allocation plans.

Statements from Key Stakeholders:

Robert Herz, former Chairman of FASB:
“In addition to GAAP financial statements, we believe it is absolutely critical to provide investors in Natural Asset Companies with relevant, reliable and understandable information on the flows of the ecosystem services they produce and their stocks of natural capital assets.”

Mauricio Claver-Carone, President of Inter-American Development Bank
“This announcement by NYSE and IEG comes at a critical time when the economies of many countries in Latin America and the Caribbean have struggled as a result of the pandemic. The IDB Group is proud to have been the first supporter of IEG as an investor and a long-standing partner working with countries to develop projects for the exchange. Unlocking the tremendous intrinsic value of nature will allow countries to leverage their natural capital for conservation and human development goals.”

Dr. Rajiv J. Shah, President of The Rockefeller Foundation
“Climate change is an existential threat, one that demands all of us to urgently consider every opportunity to mobilize resources to protect vulnerable ecosystems and communities and fight for the future of billions of people around the world. This is why we are proud to have been an early supporter of IEG’s approach to identifying new and sustainable ways for countries to safeguard their lands and waterways while creating a market to preserve natural assets.”

Andrea Meza Murillo, Minister of Environment and Energy, Costa Rica
"In Costa Rica, IEG is supporting us to build a pilot project for establishing a Natural Asset Company. This will deepen the economic analysis of giving nature its economic value, as well as to continue mobilizing financial flows to conservation. All of this, in a key moment when we have to meet social and economic needs on our people and comply with what science tells us about the 30x30 goal, on protecting at least 30 percent of land and oceans by 2030."