The JIM team was featured in the Financial Express, read the full article here.

Unlocking emissions and impact reporting in emerging markets: A Practical Guide with the JIM Foundation Can’t make it to Baku for COP29? Avoid FOMO and join us online instead on Finance Day, November 14th at 17:00 Baku time, for a JIM Foundation webinar. Designed for those new to impact reporting and the Joint Impact Model (JIM), this session will offer an introduction to key concepts in impact reporting and showcase practical applications in carbon accounting. We’ll also share a practical case study from Azerbaijan, to illustrate how the JIM estimates impact, as well as the relevance of impact reporting in west/central Asia.   This is an ideal opportunity to explore impact reporting, understand reporting processes, and discover how the JIM can support your sustainable finance journey. Thu, Nov 14, 2024 2:00 PM - 3:00 PM (UTC+01:00) Brussels, Copenhagen, Madrid, Paris We look forward to having you attend the event!

Last week the Joint Impact Model Foundation, along with our partners at Climate Risk Services hosted a webinar showcasing our new module: Climate Risk Assessment. A recent piece by Responsible Investor , by Khalid Azizuddin, features an insightful look into the collaborative efforts of  Climate Risk Services  and JIM in developing a world-class tool, along with an overview of the tool’s functionality and impact.   Take a look at the article here: https://lnkd.in/g4mtJ4by .

If you missed our latest session of the JIM Impact Forum Series webinars, we've got you covered! This exciting webinar focused on unveiling the ongoing innovations at JIM, including a sneak peek into our upcoming API developments scheduled for the end of the year. We were joined by our esteemed partners, Climate Risk Services, to introduce the powerful new JIM Climate Risk module. This groundbreaking tool is set to revolutionize impact reporting by elevating it from single to double materiality. Designed for financial institutions, the module enables users to engage with their clients, identify physical and transition risks, and help them adapt to climate change. Attendees got an exclusive early-access launch of the climate risk tool. We value your insights and feedback, which are crucial for making this module as impactful as possible. Our distinguished speakers, Alex MacGillivray, Executive Director of the JIM Foundation, and Gerhard Mulder, CEO of Climate Risk Services, guided us through the exciting upcoming developments and provided a comprehensive preview of the JIM Climate Risk module. Webinar Agenda: Welcome Update on Upcoming JIM Developments Introduction to the New JIM Climate Risk Module Chat with Gerhard Mulder, CEO of Climate Risk Services JIM Climate Risk Demo Q&A Session The webinar was recorded and is now available for those who couldn't attend. Watch the full session here.

Join us for the webinar, "JIM Impact Forum: How do members use the Joint Impact Model?" where industry leaders from different financial institutions will share their invaluable insights into how they leverage the Joint Impact Model (JIM) to drive positive change. In this engaging session, representatives from these diverse financial institutions will delve into practical examples of how they harness the power of JIM to report on their impact. Our speakers will delve into practical implementations of the JIM, showcasing its effectiveness in regulatory compliance (SFDR) and commitment fulfilment. Additionally, they will discuss its role in Paris alignment and how it facilitates their attainment of these objectives. Don't miss this opportunity to gain firsthand knowledge from experts who are actively utilizing JIM to report on their impact. Whether you're a seasoned professional or new to impact measurement, this webinar promises to offer valuable perspectives and insights into the different applications of the JIM. Register now to secure your spot and embark on a journey towards empowered impact measurement and management. Who Should Attend: Professionals in the financial sector. Impact analysts and researchers. Decision-makers seeking proactive investment strategies aligned best practices and regulatory requirements. Are you new to the JIM? We recommend you check-out some of our available information previous to the webinar: Brief introduction to the JIM Past webinar including a demo of the JIM All other JIM resources including our methodology Request access Looking forward to seeing you there! Tue, March 19, 15:00 - 16:00 (CET)

Following up the recent JIM 3.0 launch, a new update is available bringing JIM 3.1. This update brings significant improvements and features aimed at equipping you with easy to access information about the impact of your investment aligned with industry standards. In addition to the new features of JIM 3.0, JIM 3.1 brings the following: SFDR Module with Reporting Capabilities: IM 3.1 includes the integration of the SFDR (EU Sustainable Finance Disclosure Regulation) module. This addition comes with reporting capabilities specifically tailored for PAIs (Principal Adverse Impact indicators) 1-6, which the JIM enables you to report on with minimal effort. Extended Dashboard: The dashboard has been expanded to include more detailed information on each impact, namely GHG emissions, jobs supported, and value added. This enhancement aims to provide you with an easier first look to your results. Bug Fixes: Our development team has worked diligently to address and resolve various bugs that arose with the release of 3.0. An overview of the fixes will be available in the change log. Happy modelling! For any questions, please reach out to info@jointimpactmodel.org

In a significant stride towards fostering accountability and driving positive change in the financial industry, the Joint Impact Model (JIM) Foundation proudly announces the launch of JIM 3.0. This latest iteration is designed to empower organizations with enhanced features and capabilities, revolutionizing impact reporting in emerging markets. Key Features of JIM 3.0: Updated Statistics and Sector Expansion: With the release of GTAP 11, JIM 3.0 has now updated macroeconomic data and statistics. This update extends the JIM's reach to 161 countries, offering automatic mapping of over 3000 sectors. The expansion ensures a more comprehensive understanding of the global financial landscape and more recent data. Brand New User Interface: A sleek and intuitive user interface awaits users, promising an enhanced and seamless experience. The revamped design ensures accessibility for both seasoned users and newcomers, facilitating efficient navigation through the JIM output. Ex-ante Estimations: For proactive decision-making, JIM 3.0 introduces ex-ante estimations, empowering users to anticipate and plan for the future. This feature proves invaluable for organizations seeking to align their strategies with sustainable practices and long-term impact goals. Updated Documentation: Complementing the new features is an updated documentation package. A practical user guide, complete with examples, has been crafted to assist users in navigating and utilizing JIM 3.0 effectively. This resource ensures that users, regardless of their familiarity with impact reporting, can harness the full potential of the JIM. Experience the future of impact reporting by exploring JIM 3.0. To become a member and unlock the full potential of this revolutionary platform request access and we will get in touch with you.

Recently, the FMO - Dutch entrepreneurial development bank 's released the Future-Minded Magazine! On page 12, the magazine focuses on the Joint Impact Model. It gives insights from the South Asia Conference: Measuring Financed Emissions. The event brought over 70 participants from various domains within the financial industry and focused on addressing the pivotal role of the financial industry in fighting climate change. The article also talks more about the importance of the JIMand highlights its features and successful implementation in aiding financial institutions in emerging markets with quantifying their impact. If you want to learn more about this, check out the Future-Minded magazine here!

On October 4th, the JIM Foundation hosted an event at the Future of Finance conference organised by FMO - Dutch entrepreneurial development bank. With a pretty full room of people, we had the pleasure to present the Joint Impact Model tool and its upcoming new features. In the Upcoming JIM 3.0 the JIM will have updated macroeconomic statistics and sector expansions, higher data capacity, ex-ante estimations, further regulatory alignment (ISSB S1 & S2, SFDR, TCFD), and improved user experience. We also dived into what features we plan on releasing in the upcoming years. Some of the new additions we plan to integrate are: Climate and biodiversity risk so clients can receive their carbon footprint as well as the assets that are at risk of experiencing physical risks due to climate change. Transitioning planning : Providing emission forecasting which are aligned with SBTi and NZBA to provide decarbonization scenarios to board rooms. Physical activity tool in collaboration with Climate TRACE, UNEP Climate Finance Unit, and EDFIs for increased data quality for largest most emitting clients by collecting fuel consumption, Agri practices, and satellite data. The presentation was then followed by an insightful panel session with our moderator Alex MacGillivray and panelists Tanvir Hasan from Eastern Bank PLC., María Luz Martínez Sola from ILX, and Ivo Mulder from UN Environment Programme. Let's continue to collaborate and pave the way for a more impactful and sustainable financial industry.

Financial institutions worldwide are facing mounting pressure from clients, regulators, and other stakeholders to account for the greenhouse gas (GHG) emissions related to their finance and investment activities. Many are making bold commitments to reduce these so-called “financed emissions” in line with global climate targets. But without highly granular and recent emissions data on individual investments and assets, making those commitments a reality has presented a monumental challenge. Climate TRACE, a global non-profit coalition, and Joint Impact Model (JIM) Foundation, a non-profit foundation under Dutch law, are working together to provide a solution. Together, the two organizations are bringing greater transparency to GHG emissions globally and the financial mechanisms enabling the world’s largest individual sources of emissions. Their collaboration will leverage Climate TRACE’s satellite and remote sensing data to examine the GHG impacts of individual assets financed by commercial banks and other asset managers. Why are Climate TRACE and the JIM Foundation collaborating? Climate TRACE harnesses satellite imagery and other forms of remote sensing, artificial intelligence, and collective data science expertise to track human-caused GHG emissions with unparalleled granularity and comprehensiveness. They have created an innovative, open, and accessible global emissions inventory that covers every country, every major sector, and even individual emitting sources like cargo ships, power plants, and factories. Established in May of 2022, the JIM Foundation manages open-access online models to facilitate the disclosure and comparability of financed emissions by banks and investors. "This collaboration will further the radical transparency brought about by Climate TRACE’s approach. While the coalition tracks and reports on the owners of the biggest emitting assets globally, we now intend to spotlight who is financing those asset owners," says Alex MacGillivray Executive Director of JIM Foundation. "The best way of doing that is by triangulating JIM’s financed emissions at the country and sector levels with Climate TRACE source-level data and public domain financial data." What will this collaboration entail? The collaboration between Climate TRACE and JIM Foundation will explore the possibilities for financial institutions to harness the power of Climate TRACE data. Through the collaboration we will seek to answer three questions: 1. How can we link current financiers and the emissions they are indirectly supporting via Climate TRACE data? Our objective is to investigate the impact of both international and domestic finance on emissions. This research will yield insights into the role of finance in contributing to emissions from individual assets and explore strategies for transitioning to more sustainable financing practices. 2. How can GHG estimation models take advantage of recent breakthroughs in satellite data? We will cross-reference our calculations, performed with tools like JIM and others, with the Climate TRACE database to enhance the accuracy of our findings. 3. Can satellite data and AI reduce the resources typically needed for GHG data collection? We will explore the utility of Climate TRACE data by piloting the gathering of information on financial investments and for monitoring progress in transition and decarbonization strategies. Once decarbonization measures are implemented, can their impact be observed from space? Can AI be used to fill data gaps, for example emissions from micro and small enterprises in developing countries? In the collaboration, JIM Foundation will leverage emission and asset-ownership details of identified locations and facilities from the Climate TRACE database. Working jointly with the JIM Foundation, Climate TRACE will help fine-tune JIM's emission factors using Climate TRACE data for specific countries and sectors. “Our work is all about shining a light on the ‘where,’ ‘who,’ and ‘when’ behind climate pollution, because leaving this information in the dark would make it nearly impossible to take targeted climate action,” said Gavin McCormick, executive director of WattTime and co-founder of Climate TRACE. “This partnership with JIM foundation will add an important layer of transparency to the issue of asset financing, so the world understands more about what’s driving the climate crisis and so banks, investors, and others can have the information they need to mitigate risk and reduce their financed emissions.” This partnership between Climate TRACE and JIM Foundation highlights the importance of collaboration and transparency in addressing climate change. By utilizing our respective expertise and resources, we will work towards creating a more sustainable future for all. Contact: Gavin McCormick, Executive Director, Climate TRACE Email: coalition@climatetrace.org Website: www.climatetrace.org Alex MacGillivray, Executive Director, JIM Foundation Email: info@jointimpactmodel.org Website: https://jointimpactmodel.org/

The JIM Foundation is back for CWNYC 2023! Climate Week New York City is the largest annual climate event of its kind, brining together some 400 events and activities across the City of New York – in person, hybrid and online. Each year, a variety of people and institutions come together to drive climate action. This year CWNYC will be held from September 17-24, 2023, and the JIM Foundation will be hosting an online event, Bridging the Gap in Emerging Market: Emissions Data Made Actionable and Accountable, on 21st September. Ensuring the accountability of financial institutions holds great significance in the pursuit of a more sustainable and resilient global economy. Through the utilization of the JIM, financial institutions can gain a comprehensive understanding of their climate impact. This equips financial institutions with the tools to make better decisions regarding where their investments should be channelled. Additionally, the publicly available nature of the JIM gives rise to a culture of transparency ensuring that the impact assessment process remains open for scrutiny and accountability, thereby strengthening the commitment of financial institutions in emerging economies to a greener and more equitable global landscape. Last year, at CWNYC 2022, we established the JIM Foundation as a non-profit, and by now we have over 300 institutions who have requested access to the JIM, and at least 25 who have publicly disclosed figures with the JIM. We are back this year with some exciting new announcements! At the CWNYC 2023, the JIM Foundation will showcase how the JIM can help financial institutions with estimation of GHG emissions. Additionally, The JIM Foundation is thrilled to provide an exclusive first view of the new interface will look like as well as share invaluable insights gained from members across the globe. Discover how JIM has empowered financial institutions to estimate their environmental and social footprints, elevating their sustainability practices. That’s not all! We will also provide some insight on how the Joint Impact Model aligns with multiple financial regulations. Don't forget to sign up using the button below!

On 8th September, the JIM Foundation attended the DEG Southeast Asia Client Forum 2023 in Bangkok. It was a very inspiring session where we got to learn from many industry leaders on how they are tackling the climate crisis. We learned from advisors on how to integrate climate risk in investment decisions and how practitioners are acting now on their transition planning. During the event, we highlighted that decarbonisation effort are accelerating around the world and financial institutions play a key role in enabling a net zero future. Additionally, together with VP Bank, we showcased the JIM application and how it helps transform already available data into action. The urgency of our current climate situation calls for swift, collective efforts – there’s no time to waste. Thank you to DEG for the invitation! It was a great session, and we are looking forward to continued collaboration. It was also very inspiring to see so many people and companies taking action!