Sunstein LLP is pleased to announce its role in the establishment of a new collaboration between climate risk research firm DeltaTerra Capital and leading data provider Intercontinental Exchange (ICE). Sunstein advised DeltaTerra on deal terms and negotiations for the new joint data offering, which was formally announced on September 20, 2023.

Through this new collaboration, DeltaTerra and ICE will offer climate-adjusted credit risk analytics pertaining to residential and commercial mortgage-backed securities. The service will integrate DeltaTerra’s climate analytics, financial risk models, and market data with ICE’s Climate Risk Data to deliver risk impact estimates for investors. This new solution will provide insights at the property, loan, deal, and bond levels.

“It was exciting to play a part in such a cutting-edge venture, and our team is thrilled that this collaboration came to fruition,” said Sunstein Partner and Business Chair Thomas C. Carey, who served as lead attorney in the transaction. “Congratulations to DeltaTerra! We look forward to seeing the success and growth of this endeavor.”

“The collaboration with ICE affords the ability to bring solutions to the market rapidly at scale. We could not be more pleased to participate in this joint effort and appreciate the excellent work of the Sunstein team throughout this intricate deal process,” said DeltaTerra CEO David Burt.

As Sunstein’s Business Chair, Tom advises clients across a range of industries on matters such as capital-raising, licensing, mergers and acquisitions and tax planning. He also provides counsel on privacy, outsourcing, key customer contracts, corporate governance, and personnel matters.

Sunstein attorney Jackie Salwa served alongside Tom as a key member of the DeltaTerra team.