What Impact Cubed does

Impact Cubed Ltd is a London-based FCA-authorised (FRN 990119) investment advisory firm, operating since circa 2004 (originally as a hedge fund) and backed by Euroclear Group, that provides quantitative ESG data and index/investment solutions to institutional investors. Its core technology is a factor-based ESG data platform covering 300+ metrics across 27,000+ listed companies globally, classified into 2,300+ product and service categories with regional revenue splits, plus a transition dataset covering ~30,000 issuers with history back to 2012. The proprietary 3D ESG integration framework enables simultaneous optimisation of risk, return and impact, powering flagship offerings including the SmartESG Global Sustainability Index, the MerQube Biodiversity Index Suite, MerQube Water Leaders and Critical Minerals indices, and the S&P 500 / S&P Global LargeMidCap SDG Indices (under license to S&P Dow Jones Indices). Documented client outcomes include up to 90% reductions in carbon emissions, freshwater use and waste versus MSCI PAB with no change in tracking error (Euroclear Pension Fund), 85% revenue alignment to positive biodiversity drivers versus -15% for MSCI World (biodiversity index), and 91% environmentally good revenue versus 12% for ACWI in a biodiversity structured note for a J.P. Morgan wealth client.

The company monetises through three streams: enterprise ESG data subscriptions (entry pricing from £10,000 per annum, BigSwitch migration program, online self-serve demo, 48-hour SLA, parallel-run pilots), bespoke investment advisory and index creation services (3D manager selection, thematic screening, custom benchmarks), and index licensing/partnership royalties (Solactive, MerQube, S&P DJI, iH2 Advisors via inCadense). Customer segments are horizontal across asset owners (pension funds, sovereign wealth, insurance), asset managers, wealth managers, and private banks — with named clients including S&P Dow Jones Indices, J.P. Morgan, Euroclear, GPIF, WHEB, Lonsec, RBC Wealth, Brown Brothers Harriman, Castlefield, Beyond Investing and SICM. Channels combine direct enterprise field sales, OEM/white-label distribution via Solactive/MerQube/S&P DJI, channel partners (inCadense, Euroclear Group network), and an online analytics platform for self-serve evaluation. Headcount is 11–50, the firm is privately held and incorporated in England and Wales (company number 14240846), with no venture funding rounds disclosed.

Name

Impact Cubed

Legal name

Impact Cubed Ltd

Website

https://impactcubed.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Impact Cubed is an FCA-authorised London-based investment advisory firm that provides quantitative ESG data (300+ factors across 27,000+ companies) and factor-based indices — including SmartESG, biodiversity and SDG benchmarks — to institutional asset owners, asset managers, wealth managers and private banks.

Ownership category

akta.pro rank

Product category

Sustainable Investment Data and Indices

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

ESG Data, Ratings & Research (Providers, Methodologies, Analytics) (FSAAALAJ)

akta.pro secondary industries

Sustainable Finance & ESG Ratings/Benchmarking Support (EUAHAJAH), ESG, Sustainability & Impact Research (BPAHALAL), ESG Governance, Sustainability Reporting & Assurance Advisory (BPAHAFAJ), ESG Data, Ratings & Climate Benchmarks (FSAFAIAI), Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC)

Keywords

• ESG data analytics
• Sustainable investment indices
• Portfolio impact optimization
• Regulatory ESG reporting
• Quantitative ESG factors

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. ESG Data Subscriptions: Quantitative ESG data licensed to institutional investors, asset managers, pension funds, and wealth managers on a subscription basis. Pricing starts from £10,000 per annum. Data covers 300+ factors, 2,300+ product/service classifications, and regulatory reporting outputs (SFDR, EU Taxonomy, PAI). Clients include S&P Dow Jones Indices, JP Morgan, Euroclear, GPIF, and others.
2. Investment Advisory & Index Creation: Bespoke index and benchmark creation services, custom sustainable indices (e.g., SmartESG Global Sustainability Index), and thematic portfolio construction. Services include 3D manager selection, thematic screening, and tailored sustainability research for asset owners and managers.
3. Index Licensing & Partnership Products: Indices developed and distributed through partners such as Solactive (smartESG indices), MerQube (biodiversity, water, critical minerals indices), and S&P Dow Jones Indices (SDG indices). Impact Cubed provides the underlying corporate SDG alignment and biodiversity data, licensing its methodology to index providers who launch investable products.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Impact Cubed provides quantitative, factor-based ESG data subscriptions and bespoke sustainable investment indices to institutional investors. The company sells a 300+ metric ESG data platform covering 27,000+ listed companies, creates custom indexes using its proprietary SmartESG 3D optimization methodology (simultaneously balancing risk, return, and impact), and delivers regulatory-ready reporting outputs for SFDR, EU Taxonomy, PAI, TCFD, and UK SDR. Services also include thematic portfolios, ESG overlays, and licensing of index methodologies to third-party index providers.

Product overview

Impact Cubed is an investment advisory and ESG data provider offering a unified platform combining proprietary indices, quantitative ESG data products, and investment solutions. The core product is SmartESG, a methodology enabling custom index creation with simultaneous optimization of risk, return, and impact. The company provides Quantitative ESG Data covering 300+ metrics across climate, biodiversity, SDG alignment, regulatory, and social themes. The product suite includes ready-to-use index products (SmartESG Global Sustainability Index, MerQube Biodiversity/Water/Critical Minerals Indices, S&P SDG Indices), the Online Analytics Platform for fund analysis and reporting, and Investment Solutions including Custom Indexing, 3D Manager Selection, Thematic Portfolios, and ESG Overlay services. The Regulatory Reporting Suite enables compliance with SFDR, TCFD, UK SDR, and EU Taxonomy requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• SmartESG Methodology Proprietary methodology enabling custom index creation and portfolio optimization, allowing development of bespoke indices and benchmarks tailored to specific sustainability objectives using a 3D approach optimizing risk, return, and impact simultaneously. Designed for institutional investors building ETF replacements and passive investment products.
• Custom Indexing Development of bespoke indices and benchmarks tailored to specific sustainability objectives, including ETF replacements and new passive investment products designed to match precise investment criteria. Used by institutional clients such as the Euroclear Pension Fund.
• Quantitative ESG Data Factual, outcome-based ESG data covering 300+ metrics across all listed companies globally. Includes corporate factors, climate data, biodiversity data, SDG alignment data, regulatory data, sovereign debt data, values and ethics data, social data, and transition data. Data is factorized for seamless integration into investment processes.
• Transition Dataset Comprehensive transition data covering nearly 30,000 listed issuers globally, assessing companies across targets, disclosure, decarbonization strategy, capital allocation, and emissions performance. Grounded in the Net Zero Investment Framework (NZIF), with time-series data back to 2012.
• Social Data Social factors dataset including workforce stability, organizational culture, health and safety, labour practices, and supply chain conditions. Anchored in outcomes-based metrics rather than disclosure-led frameworks.
• SmartESG Global Sustainability Index Flagship general sustainability index tracking global equity markets with enhanced ESG impact, designed to deliver more ESG impact for less expected risk compared to standard market benchmarks. Available in multiple variants: PR (EUR), PR (USD), TR (EUR), TR (USD). Listed on Solactive and used as the underlying for ETFs and the J.P. Morgan Mansart global equity fund.
• MerQube Biodiversity Index Suite Series of biodiversity-focused indices in partnership with MerQube, including Developed Markets Biodiversity indices (NTR, PR, TR variants), Equal Weighted variants, and Transatlantic Biodiversity Equal Weighted indices. Companies require minimum 50% positive biodiversity revenue-alignment and exclude those with over 25% negative alignment.
• MerQube Water Leaders Index Water-focused index identifying companies with positive water-related business activities. Available in NTR (EUR), PR (EUR), GTR (EUR) variants with equal weight options.
• MerQube Critical Minerals Index Index focused on critical minerals for energy transition, available in NTR (EUR), PR (EUR), TR (EUR) variants.
• S&P SDG Indices Indices utilizing Impact Cubed's corporate SDG alignment data, including S&P 500 SDG Index and S&P Global LargeMidCap SDG Index, measuring companies' alignment with UN Sustainable Development Goals using granular revenue and operations mapping.
• Online Analytics Platform Web-based self-service platform for exploring ESG data for top global funds, analyzing fund sustainability profiles, and generating one-click client reports with investment equivalents and impact illustrations. Includes free demo at demo.impactcubed.com for prospects.
• Regulatory Reporting Suite Ready-made reports for EU SFDR/PAI, Taxonomy alignment, Article 8 and 9 DNSH designations, TCFD climate reporting, and UK SDR compliance. One-click time-period reporting capability.
• Thematic Portfolios Portfolios and overlays centered on specific sustainability themes such as biodiversity, climate solutions, individual or combination of SDGs, and more. Designed for institutional clients seeking thematic sustainable exposure.
• Thematic Screening Customizable ESG and regulatory factor screening of companies from client-defined universes, enabling bespoke exclusion and inclusion criteria.
• 3D Manager Selection Portfolio analysis tool enabling selection of managers or funds within a 3D space, ensuring the right mix of ESG, risk, and return in every investment decision.
• ESG Overlay Risk-optimized ESG overlay service that can be applied to existing algorithmic investment strategies to add sustainability impact without sacrificing expected returns. Used by SICM since 2019 with documented outperformance vs. S&P 500.

Quantifiable outcome

• Up to 90% reduction in carbon emissions, freshwater usage, and waste generation achieved in custom sustainable index vs. MSCI PAB with no change in tracking error
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• iH2 Advisors & CompanycoreChannel Partner/ Reseller/ Distributor · 27 October 2025Impact Cubed and iH2 Advisors & Company announced a partnership to deliver sustainable finance investment strategies through the inCadense platform. The collaboration enables wealth managers and advisors across various regions to access ESG and biodiversity portfolios via managed account solutions, integrating Impact Cubed's data into the inCadense platform for wealth management distribution.
• J.P. Morgan MansartcoreStrategic or Co-development Partner · 7 August 2025J.P. Morgan Mansart launched a new global equity fund tracking the Solactive iCubed Global Sustainability Index, which uses Impact Cubed's ESG data. The fund is designed for institutional investors seeking enhanced sustainability (emissions reduction, water usage, waste management, SDG alignment, governance factors) without sacrificing performance tracking. A new UCITS fund was also launched in July 2025 offering PAB-beating sustainability with a fraction of the tracking error.
• EuronextminorStrategic or Co-development Partner · 1 January 2025Press release covering partnership between Impact Cubed and Euronext to challenge conventional approaches to healthcare investing through new indices. The indices draw on global sustainability frameworks to capture healthcare investment opportunities beyond traditional sector definitions.
• S&P Dow Jones IndicescoreStrategic or Co-development Partner · 10 January 2024S&P Dow Jones Indices licenses Impact Cubed's corporate SDG alignment data for use in the S&P 500 SDG Index and the S&P Global LargeMidCap SDG Index. Impact Cubed's data provides a quantitative view of SDG alignment using granular revenue and operations mapping, measuring what a company makes and how products/services are made, regardless of financial materiality.
• Sustainable Insight Capital Management (SICM)minorStrategic or Co-development Partner · 1 January 2019Since 2019, SICM has partnered with Impact Cubed to add a risk-optimised ESG overlay (SmartESG) onto their algorithmic investment strategy. The partnership has delivered positive returns, with the fund achieving +10.9% vs S&P 500, 47% carbon reduction, and 32% waste reduction.
• Beyond InvestingminorStrategic or Co-development Partner · 1 January 2018Since 2018, Beyond Investing has leveraged Impact Cubed's ESG data to develop a suite of vegan and climate-positive investment funds, including the US Vegan Climate ETF (VEGN) and multiple regional vegan climate indices. The funds exclude animal exploitation and fossil fuel companies.
• MerQubecoreStrategic or Co-development PartnerMerQube and Impact Cubed announced a partnership to create bespoke next-generation ESG indices. Impact Cubed provides the underlying ESG data and methodology; MerQube handles index calculation and distribution. Indices launched include biodiversity (developed markets, transatlantic, equal-weighted variants), water leaders, and critical minerals indices.
• SolactivecoreStrategic or Co-development PartnerSolactive licenses Impact Cubed's methodology to calculate and distribute the SmartESG Global Sustainability Indices (PR and TR variants in EUR and USD). These indices are used as underlyings for investment products including ETFs and the J.P. Morgan Mansart global equity fund.
• EuroclearcoreStrategic or Co-development PartnerEuroclear commissioned Impact Cubed to create a bespoke custom sustainable index for their European pension fund (OFP). The resulting Impact Cubed SmartESG Global Sustainability Index improved on 15 ESG factors vs. MSCI World Paris Aligned benchmark with no change in tracking error. The Euroclear Pension Fund won the IPE Small Pension Fund award using this index. Impact Cubed is also a member of the Euroclear Group.
• J.P. Morgan (Wealth Management)coreChannel Partner/ Reseller/ DistributorImpact Cubed created a bespoke biodiversity structured note for a leading JP Morgan wealth management client. The product aligned with IPBES biodiversity drivers and was distributed through JP Morgan. Achieved 91% environmentally good revenue vs 12% in ACWI benchmark and 15 SDGs more positively aligned.
• FG-RRRP (Pension Fund)minorStrategic or Co-development PartnerPress release covering the Impact Cubed and FG-RRRP partnership: pioneering risk-optimised climate integration in pension fund investments. FG-RRRP is a pension fund using Impact Cubed's data and methodology for climate-aligned portfolio construction.
• Oxford RiskminorStrategic or Co-development PartnerImpact Cubed partnered with Oxford Risk, behavioural finance experts, to help spot potential SDG hotspots for investors. The partnership combines Impact Cubed's ESG data with Oxford Risk's behavioural finance analytics to provide more complete investment insights.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Arabesque: ESG data and analytics firm combining quantitative ESG data (formerly S-Ray) with sustainability advisory. Direct competitor to Impact Cubed in quantitative, factorised ESG data for institutional investors.
• RepRisk: ESG and business conduct risk analytics provider focused on controversies and reputational risk data. Comparable as a data vendor to institutional investors, though its focus on news-driven risk signals contrasts with Impact Cubed's outcome-based factor approach.
• Clarity AI: AI-driven sustainability analytics platform offering ESG data, ratings, impact measurement and regulatory reporting. Closely aligned with Impact Cubed's quantitative, technology-led approach and overlapping institutional client base, though at a broader asset-class coverage.

Broad incumbents

• LSEG (Refinitiv) ESG: London Stock Exchange Group's ESG data business (formerly Refinitiv), offering company-level ESG scores, controversies and climate data on a global scale. Competes with Impact Cubed for asset owner/manager data subscriptions and EU Taxonomy/SFDR workflows.
• MSCI: The largest ESG data and ratings provider globally (MSCI ESG Research). Overlaps with Impact Cubed across ESG data, climate, regulatory reporting and index methodology, but serves a much broader client base across asset classes and operates its own factor/rating frameworks rather than Impact Cubed's outcome-based factorisation.
• S&P Global Sustainable1: S&P Global's sustainability division (including Trucost and SAM) — provides ESG data, climate analytics, carbon and ESG indices to institutional investors. Both S&P Dow Jones Indices (a current Impact Cubed licensee) and S&P Global Sustainable1 are key competitive forces in this space.
• Moody's (Vigeo Eiris): Moody's ESG Solutions (built around the Vigeo Eiris acquisition) provides ESG scores, climate and sustainability data to investors. Competes in the same institutional ESG data market with overlapping regulatory and climate analytics products.
• Bloomberg ESG Data Services: Embedded ESG data offering on the Bloomberg Terminal serving institutional investors. Competes with Impact Cubed for ESG data subscriptions, regulatory reporting and climate metrics, leveraging Bloomberg's much larger distribution and data infrastructure footprint.

Direct peers

• Sustainalytics: Morningstar-owned ESG and climate data, ratings and research provider serving the same institutional investor base (asset managers, asset owners, wealth managers). Direct competitor in ESG risk ratings and regulatory reporting, though Sustainalytics historically relies more on rating-style outputs than Impact Cubed's quantitative factorisation.
• ISS ESG: Institutional Shareholder Services' ESG business providing ratings, screening, climate and regulatory reporting solutions to institutional investors. Closely comparable in client base (asset managers, asset owners) and product mix, including SFDR and EU Taxonomy offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/12982989

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impact Cubed