Sugi, powered by Moneyhub’s API, launches in the UK

By Megha Bhattacharya

Sugi, an app enabling customers to check the carbon impact of their investments has launched today. The UK-based platform is aimed at retail investors and allows users to compare their carbon impacts with industry benchmarks to help them build a greener portfolio. Sugi displays impact data for over 15,000 listed equities, around 3,500 ETFs and certain actively managed funds, with plans to introduce a wider range of funds in the coming months.

Josh Gregory, CEO and Founder of Sugi, said, “Working with Moneyhub, the platform with the most comprehensive financial data connections on the market, allows us to give our users unparalleled access to their investment information in one place.   By providing users with simple, objective data, Sugi aims to make green investing easier, understandable and more accessible for everyone.”

Sugi stated that users can link their investment portfolios, which can include ISAs and SIPPs, to Sugi via Moneyhub’s Open Finance API, enabling them to access personalised impact data. Moneyhub, an Open Finance data, intelligence and payments platform, connects to around 80 online investment platforms, covering the majority of the UK market.

Samantha Seaton, CEO of Moneyhub, said, “Until now, aligning an individual investor’s portfolio with their own values has been virtually impossible, but by utilising the power of Open Banking and Open Finance, we are able to make it easy for investors to build greener portfolios. Our partnership with Sugi demonstrates the true potential of Open Finance and its ability to solve real-world, complex financial issues, beyond account aggregation and payments.”

“We are thrilled to be working alongside Sugi to deliver a product that is not only the first of its kind in the UK but will make a positive impact on our planet as well.”