Climate change presents both risks and opportunities - OakNorth Credit Intelligence helps you with both
Building confidence in an uncertain world
Extreme weather events have significant impacts on communities and economies around the world, threatening the profitability and sustainability of even the most resilient businesses. Climate effects vary widely across different sectors, representing an existential threat to some and an opportunity for others. For the banks supporting these businesses, ON Climate enables you to navigate the many complex scenarios and risks extreme weather events present.
THE ULTIMATE GUIDE
Commercial Lending & Climate ImpactDiscover the challenges climate risk presents commercial banks and how to address this new era of risk assessment head-on, using data-driven insight to minimize risk and maximize opportunity.
Executive Order on Climate-Related Financial Risk
"Banks with strong climate risk management systems and capabilities will not only bebetter prepared to withstand climate change events but will also have a better line of sight into the many business opportunities that will arise."
- Michael Hsu, Acting Comptroller of the Currency
Data is the driver
ON Climate provides lenders with the ability to assess climate transition risk on their loan book, with climate and credit risk teams getting access to immediate and actionable intelligence on their C&I portfolio down to the individual borrower level. Our solution enables banks to calculate financed emissions across their entire commercial loan book without wasting time collecting emission data from their customers.
Transition risks can arise from the process of adjustment towards a low-carbon economy. A range of factors influence this adjustment, including climate-related developments in policy and regulation, the emergence of disruptive technology or business models, shifting sentiment and societal preferences, or evolving evidence, frameworks, and legal interpretations. The ON Climate solution helps banks create effective climate transition risk strategies and incorporate climate risk measurement into your regular portfolio management and underwriting process.
ON Climate enables banks to calculate emissions at the portfolio, sector, industry and borrower level, while adhering to PCAF score 3 and 4 reporting. Banks are also able to analyze and report on Scope 1 and Scope 2 financed emissions across six NGFS climate scenarios and five-time horizons for strategic planning while keeping the cost of reporting low. Use climate models aligned with recognized industry and accounting standards such as NGFS, and PCAF to avoid future risk and create effective climate impact transition strategies.
"Climate change risk will be a key focus area for regulators going forward, so banks need to be thinking about how they’ll address this - if they’re not already."
Former SVP at the Federal Reserve Bank of New York
Let's get ON with it
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Request a personalized demo to discover what ON Credit Intelligence can do for your bank.
What We’ll Cover:
- What makes our technology different
- How rapidly you’ll see results
- Ease of installation and cost benefits
- Current customers and outcomes