Pathzero collaborates with S&P Global Energy, MSCI and Morningstar Sustainalytics to unlock ‘whole-of-portfolio’ climate risk management
Sydney, 20 January 2026: Pathzero, the award‑winning climate risk management platform, has announced it is working with leading data providers S&P Global Energy, MSCI and Morningstar Sustainalytics to enable institutional investors to access auditable climate data across both private and public markets in one secure platform.
This positions Pathzero as the first Australian-founded platform offering whole-of-portfolio climate data integration tailored for global asset owners and managers, helping to meet IFRS S2 / AASB S2 reporting requirements and prepare for transition and physical risk assessments.
“Until now, asset owners and managers have faced fragmented data across portfolios,” said Carl Prins, CEO and co-founder of Pathzero. “Financial institutions don’t just need more data – they need data they can trust, contextualised for how portfolios actually work,” he said.
“This collaboration means Pathzero becomes the single integration layer through which institutions can consolidate all their climate-related data for analysis and reporting.
“By integrating private and public market data, and enabling clients to ingest, organise, and report emissions across their portfolios, Pathzero gives asset owners and managers a single source of truth for a unified, scalable approach to climate risk management.”
The platform for climate intelligence
Pathzero currently supports many of Australia’s largest superannuation funds and investment managers in managing private market financed emissions.
S&P Global Energy and Morningstar Sustainalytics, as well as data from MSCI, allows Pathzero to bring all relevant information into one place – combining fund- and holdings-level data ingestion, company-reported private market disclosures from its engagement network of more than 550 fund managers, and public-market data from globally trusted providers – all securely housed within the ISO 27001 and SOC 2 Type 2-certified Pathzero Library.
“We are excited to be working with Pathzero in strengthening the ability of asset owners and managers to access climate insights across their full portfolios,” said Michelle Cameron, Morningstar Sustainalytics commercial executive. “By bringing our trusted datasets together, investors can now consolidate both public and private market insights in a way that reflects today’s portfolio constructions, and do so with the confidence needed for AASB S2 reporting.”
The data from both private and public market holdings are dynamic so all can be accessed through the Pathzero suite of tools. This enables investors to see a consolidated view of their entire portfolio’s climate risk, without the need to access multiple separate platforms.
Together with advanced portfolio composition and reporting tools that allow clients to group and analyse emissions across even the most complex investment structures, including funds-of-funds, Pathzero can provide a complete, whole-of-portfolio view of financed emissions and climate exposure – ready for audit, assurance, and scenario analysis.
“Trucost Environmental, from the teams of S&P Global Energy, is unparalleled and provides the essential intelligence clients need to make decisions with confidence and clarity,” said Ben McKenna, Strategy, Partnerships & Alliances, S&P Global Energy. “We welcome this data-distribution collaboration with Pathzero and believe through the integration of S&P Global Energy’s leading climate data, asset owners can consolidate public and private market insights seamlessly, eliminate fragmented reporting, and meet AASB S2 and ISSB requirements with greater accuracy and efficiency.”
S&P Global Energy is a division of S&P Global (NYSE: SPGI) and is the leading global independent provider of data, insights, analysis, and benchmark prices for the commodities and energy expansion markets.
Facilitating real world impact
The announcement comes against a backdrop of regulatory developments related to climate risk disclosure – driven not only by policy, but by the growing financial impact of climate change itself on assets.While policy uncertainty is impacting the pace of regulation, the underlying risks are accelerating. Physical climate risk is rising, with natural disasters causing over $400 billion in global economic losses in 2024, and insurance premiums climbing as certain regions and assets become uninsurable. According to the government’s National Climate Risk Assessment, Australia faces annual disaster recovery costs of $40bn each year by 2050 in the best-case scenario of 1.5-degree warming.
At the same time, transition risk is already priced into markets – through mechanisms like Australia’s Safeguard Mechanism, carbon pricing schemes, and investor expectations. Pathzero’s platform now helps institutions respond to both forces: regulatory requirements, and real-world financial risk.
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