Bloomberg L.P. has completed a strategic transaction with Viridios Group, an organisation supporting the carbon market using data and technology, to enhance its carbon markets data and analytics capabilities. As part of the agreement, ownership of Viridios AI’s voluntary carbon credit project datasets and pricing and valuation analytics, developed over the past five years, will be transferred to Bloomberg. Additionally, several members of the Viridios AI team will join Bloomberg to support its expanding focus on carbon markets.
“This agreement with Bloomberg is the culmination of five years of innovative data science, research, and analysis by the team at Viridios AI,” said Eddie Listorti, CEO of Viridios Group. “I want to acknowledge everyone who contributed to building this unique and powerful carbon market dataset.”
Emilie Gallagher, Global Head of Commodities, FX, and Macro Product at Bloomberg, highlighted the transaction’s importance and said, “We welcome the voluntary carbon credit data, analytics, and expertise from Viridios, and we are excited about the contributions our new colleagues will bring. This acquisition strengthens Bloomberg’s offerings in the carbon markets, allowing us to deliver quality data and insights to help customers navigate these rapidly evolving markets.”
