SparkChange
SparkChange is a London-based specialist data and analytics vendor founded in 2018 that quantifies the financial effects of carbon pricing on 40,000+ companies worldwide for fund managers, risk teams, advisory desks, and commodity sales teams at financial institutions, delivered via CarbonAlpha, CarbonCorporate, and CarbonStress subscriptions plus API.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SparkChange does
SparkChange is a London-based specialist data and analytics vendor founded in 2018 that quantifies the financial effects of carbon pricing on corporate earnings. Its core technology is a bottom-up carbon price exposure model that integrates 30+ proprietary, regulatory, and third-party data sources to deliver 700+ datapoints per company across 40,000+ public and private companies worldwide, with 20+ pre-built carbon price scenarios spanning 36 operating and 14 in-development compliance carbon markets. The platform is delivered through three core subscription products: CarbonAlpha, which targets fund managers, investment analysts, and risk teams with company- and portfolio-level EBITDA sensitivity analysis; CarbonCorporate, which serves advisory teams, consultants, and commodity sales desks with carbon price SWOT and peer benchmark analysis at client operations; and CarbonStress, which addresses loan portfolio stress testing under climate regulatory frameworks.
The company monetises through enterprise SaaS/data subscriptions priced via direct quote-based sales led by the CEO, with delivery via a web platform, downloadable Excel and PDF outputs, and cloud-based API integration for workflow embedding. Beyond subscriptions, SparkChange Group Inc. supports the SparkChange EUA ETC, an exchange-traded product on EU carbon allowances issued by HanETF, creating a secondary capital markets distribution channel. Customer acquisition is anchored by senior-expert-led enterprise sales, research-led content marketing (publications, webinars, conference participation), and the carbonClub Chatham House community for senior professionals at banks, asset managers, asset owners, and regulators. Named customers include Barclays, Neuberger Berman, AllianceBernstein, Solactive, Pzena, Gjensidige, and Cushon, with operations structured across SparkChange Group Ltd. (UK) and Spark Change Group Inc. (US).
SparkChange firmographics
Firmographics- Name
- SparkChange
- Legal name
- Spark Change Group Inc.
- Website
- https://sparkchange.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SparkChange is a London-based specialist data and analytics vendor founded in 2018 that quantifies the financial effects of carbon pricing on 40,000+ companies worldwide for fund managers, risk teams, advisory desks, and commodity sales teams at financial institutions, delivered via CarbonAlpha, CarbonCorporate, and CarbonStress subscriptions plus API.
- Ownership category
- akta.pro rank
SparkChange industry classification
Industry- Product category
- Carbon Pricing Analytics & Climate Data
- NAICS
- Investment Banking and Securities Intermediation (523150), Custom Computer Programming Services (541511)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Carbon Hedging, Risk Management & Analytics (Pricing, VaR, Scenario Analysis) (EUABADAG)
- akta.pro secondary industry
- Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards) (EUABAEAJ)
Keywords
Where SparkChange is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
SparkChange business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- CarbonAlpha Subscription: SaaS/data analytics subscription providing carbon price exposure intelligence for 40,000+ companies. Sold to fund managers, investment analysts, risk teams. Delivered via web platform, downloadable Excel files, and API connectivity.
- CarbonCorporate Subscription: Subscription product for advisory teams, commodity sales desks, and consultants to surface carbon price themes at client operations and create peer-based benchmark analysis.
- EUA ETC (Exchange-Traded Product): SparkChange EUA ETC is an exchange-traded product issued by HanETF, providing exposure to EU carbon allowances. Supported by SparkChange Group Inc.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
SparkChange product offering
Product offeringCore offering
SparkChange provides specialist carbon pricing data and analytics to financial institutions globally. Its core platform delivers bottom-up modelling of carbon price exposure across 40,000+ companies, combining 30+ data sources to quantify the financial effects of carbon pricing on corporate earnings. Products include CarbonAlpha for investment managers, CarbonCorporate for advisory and sales teams, CarbonStress for loan portfolio stress testing, and an EUA exchange-traded product (ETC) issued via HanETF.
Product overview
SparkChange offers a platform of carbon pricing intelligence products for financial institutions. The core portfolio comprises CarbonAlpha (data analytics for investment managers), CarbonCorporate (for advisory and sales teams), and CarbonStress (for loan portfolio stress testing), all built on a unified bottom-up model covering 40,000+ companies. The company also offers an EUA ETC exchange-traded product and operates the carbonClub professional community. API connectivity enables businesses to integrate analytics into their workflows.
Differentiator
Problem solved
Functional benefit
Brands
- CarbonAlpha: Data analytics product for fund managers and investment analysts to identify companies that win/lose in a high carbon price future. Covers 40,000+ companies worldwide with carbon price exposure modeling.
- CarbonCorporate
- CarbonStress
- carbonClub
Products and services
- CarbonAlpha Data analytics platform for fund managers and investment analysts that forecasts the effect of carbon pricing on the costs and revenues of 40,000+ private and public companies worldwide, providing sensitivity analysis, scenario comparison, and portfolio-level carbon price exposure assessment.
- CarbonCorporate Tool for sales teams, consultants, and advisors to identify carbon price-related risks and opportunities within their clients' operations, providing carbon price SWOT analysis, sector screening, thematic narratives, and peer benchmark analysis.
- CarbonStress Product for assessing carbon price risk exposure of loan portfolios in line with stress test frameworks, designed for stress test and market risk teams at financial institutions.
- SparkChange EUA ETC Exchange-traded product tracking EU carbon allowances (European Union Allowances), issued by HanETF and supported by SparkChange Group Inc., providing institutional investors exchange-traded exposure to the EU carbon market.
Quantifiable outcome
- Stoxx600 could see a decline of up to 10.9% by 2030 due to carbon pricing
- +4 more outcomes
Companies that use SparkChange
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
SparkChange technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature5 records
SparkChange partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- HanETFcoreHanETF issues the SparkChange EUA ETC, an exchange-traded product providing exposure to EU carbon allowances. SparkChange Group Inc supports the product. This partnership enables institutional investors to access carbon market exposure through traditional ETF distribution channels.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
SparkChange competitors and assessment
Company assessmentBroad incumbents
- MSCI: MSCI is a global ESG and climate data provider serving the same institutional asset managers and risk teams that SparkChange targets. Its broad ESG/Climate suite includes carbon emissions and climate value-at-risk analytics, making it the most significant incumbent competitor for procurement budgets.
- S&P Global (Trucost): Trucost, part of S&P Global, supplies carbon and environmental data to investors and corporates, with comparable coverage of company-level emissions and climate risk. It competes head-to-head with CarbonAlpha in the same buy-side procurement process.
- Bloomberg (ESG Data): Bloomberg distributes ESG and carbon datasets through the Terminal to the same fund manager and risk team personas SparkChange serves. Its installed base makes it the default incumbent for new ESG data spend at financial institutions.
- LSEG (Refinitiv): LSEG, via the former Refinitiv business, provides ESG and climate data products to financial markets participants and competes for the same risk and reporting use cases, including carbon-price exposure and stress testing workflows.
- ICE (Intercontinental Exchange): ICE operates the EU ETS and other compliance carbon allowance auctions and trading venues. It is comparable as a carbon-market infrastructure peer relevant to SparkChange's EUA ETC partnership and to its commodity-desk client base.
Emerging players
- Persefoni: Persefoni is a cloud-based climate management and accounting platform used by financial institutions and corporates for carbon footprint and transition-risk analysis. It overlaps with SparkChange's risk-team and stress-test use cases, especially for banks.
- Sylvera: Sylvera provides ratings and data on carbon credits and the voluntary carbon market. While focused on offset quality rather than compliance pricing, it overlaps with SparkChange's advisory and asset-manager clients around carbon market intelligence.
- Carbon Direct: Carbon Direct is a carbon advisory and data firm that combines climate science with corporate advisory. It overlaps with SparkChange's CarbonCorporate use case in helping advisors and corporates navigate carbon pricing and transition strategy.
- South Pole: South Pole is a climate solutions provider offering carbon advisory, market access and project development. It is comparable in the carbon advisory and brokerage dimension of SparkChange's value proposition, particularly for advisory and corporate clients.
- Carbon Credits (Carbonmark, AlliedOffsets): AlliedOffsets (alongside peers like Carbonmark) provides carbon market data and project intelligence to traders and investors. It is comparable to the EUA ETC and advisory data angles of SparkChange, with overlapping trader and commodity-desk clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SparkChange social profiles
Digital presenceSparkChange financial estimates
Financial estimateRevenue estimate
Valuation estimate
SparkChange leadership team
Management profileNumber of profiles
Profiles3 records
SparkChange funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SparkChange M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SparkChange
What does SparkChange do?
SparkChange provides specialist carbon pricing data and analytics to financial institutions globally. Its core platform delivers bottom-up modelling of carbon price exposure across 40,000+ companies, combining 30+ data sources to quantify the financial effects of carbon pricing on corporate earnings. Products include CarbonAlpha for investment managers, CarbonCorporate for advisory and sales teams, CarbonStress for loan portfolio stress testing, and an EUA exchange-traded product (ETC) issued via HanETF.
Is SparkChange a public or private company?
SparkChange is a private company. It is classified as venture growth investor backed and is currently operating.
When was SparkChange founded?
SparkChange was founded in 2018. It employs 11 to 50 people.
Where is SparkChange based?
SparkChange is headquartered in London, United Kingdom, in the Europe region.
How does SparkChange make money?
Three revenue lines are on record. CarbonAlpha Subscription is the primary driver. The others are carbonCorporate Subscription and EUA ETC (Exchange-Traded Product).
Who are SparkChange's main competitors?
Broad incumbents on record are MSCI, S&P Global (Trucost), Bloomberg (ESG Data), LSEG (Refinitiv) and ICE (Intercontinental Exchange). Emerging players are Persefoni, Sylvera, Carbon Direct, South Pole and Carbon Credits (Carbonmark, AlliedOffsets).
Does SparkChange have an API?
Yes. Cloud-based API connectivity available for businesses to seamlessly integrate SparkChange carbon pricing analytics into their workflows. Expert technical support and documentation are provided to aid integration. Data can also be exported in Microsoft Excel format and full analysis as PDF.
What industry is SparkChange in?
SparkChange's product category is Carbon Pricing Analytics & Climate Data. Its primary akta.pro industry code is EUABADAG, Carbon Hedging, Risk Management & Analytics (Pricing, VaR, Scenario Analysis), with a secondary code of EUABAEAJ, Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards). Its NAICS code is 523150 and its SIC code is 6282.