WTW Boosts Climate Risk Analytics Expertise With Butterwire Acquisition

WTW, a leading global advisory, broking and solutions company, 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.

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The team of research, data science and software engineering professionals offers a unique skill set and cutting-edge capabilities that complement WTW’s wider climate and investment services. Using these capabilities, WTW clients will be able to manage climate-related financial risks at scale and speed. Based in Glasgow, Scotland, 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), launched by WTW in 2021 to help investors, governments and companies manage climate transition risk, capture opportunities in their portfolios and work towards Net Zero targets.

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David Nelson, Senior Director, Climate Transition Analytics, Climate and Resilience Hub at WTW, said: “We are delighted that the highly talented Butterwire team is joining WTW. They have been working closely with our team for a number of years, and bring proven capabilities that open significant opportunity. This acquisition enhances our ability to bring clients best-in-class products and solutions to help them achieve a climate-resilient future.”

Raphael Fiorentino, CEO and Founder of Butterwire, said: “WTW is a world leader in risk management and this vote of confidence leads us to the next stage of our evolution. I’m hugely excited by the potential that WTW’s acquisition of Butterwire brings and 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.”

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