WTW buys climate risk analytics firm

WTW has announced the acquisition of Butterwire, a FinTech provider of data analytics, artificial intelligence (AI) and machine learning platforms. The move will further strengthen WTW’s world-leading capabilities in delivering climate risk analytics to organisations around the world.

The team of research, data science and software engineering professionals offers capabilities that enable clients to manage climate-related financial risks at scale and speed. Based in Glasgow, the financial analytics company will become a part of WTW’s Climate and Resilience Hub.

Butterwire software already incorporates WTW’s proprietary Climate Transition Value at Risk (CTVAR) methodology, which quantifies the anticipated impact on equity and fixed-income valuations of aligning with the goals of the Paris Agreement. 

The company also provides the platform underpinning the STOXX Climate Transition Indices (CTI), to help investors, governments and companies manage climate transition risk, capture opportunities in their portfolios and work towards Net Zero targets. 

David Nelson, senior director, Climate Transition Analytics, Climate and Resilience Hub at WTW, said: “The highly talented Butterwire team [has] been working closely with our team for a number of years, and brings proven capabilities that open significant opportunity.

Raphael Fiorentino, CEO and Founder of Butterwire, said: “I look forward to continuing our work alongside colleagues within the Climate and Resilience Hub, which has already achieved an unrivalled breadth and depth of climate expertise and capabilities.”