The case against carbon emissions as a universal metric

The Financial Times reports on Unwritten as one of two new tools challenging carbon emissions as the universal measure of transition readiness. Founded in 2022 by the former leads of Palantir's climate data initiative, Unwritten uses NGFS scenarios to translate climate change into company-level cash flow impacts.

The FT highlights Unwritten's case study of BHP. Using scenarios from the Network for Greening the Financial System (NGFS) to translate long-term climate change into cash flow, the platform’s insights found that the miner's exposure to transition-critical materials such as copper could outweigh its coal risks, with an orderly transition lifting EBITDA and free cash flows by more than 10%. The FT expects more tools like Unwritten to emerge, turning climate data into information private market investors can act on.

Read the full article on the Financial Times →