Supervisory authorities require adequate consideration of ESG risks in banks' risk management. It is essential that ESG risks are considered like any other significant risks and integrated into processes. This affects, for example, the calculation of IFRS 9 Expected Credit Loss, Internal Rating Based (IRB) model calculations, and pricing in the lending process.
All-in-one, always there for you, and sustainably well-designed.
To calculate the individual ESG risk score, Climcycle uses a wide range of data sources on physical risks, transition risks, social risks, and governance risks.
Climcycle allows users to adjust the underlying methodology to individual circumstances. It sounds simple – and it is. Climcycle creates efficient workflows with minimal effort, paving the way to becoming ESG-compliant.
To conduct reliable deal-level analyses, Climcycle relies on highly differentiated data from banks and external data sources. If individual transaction data is unavailable, we use average data for industries and regions. Additionally, existing data sources are updated at least once a year.
Combining different data sources allows our ESG Risk Scoring module to cover all countries and industries at the NACE code level. The industry classification by NACE code ensures simple and standardized data input by financial institutions, plus a clearly differentiated coverage of all industries.
Whether you're a financial institution, insurance company, or industry leader, we provide the solution for all your ESG regulatory needs. With Climcycle, you get a platform tailored to your specific requirements.
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Leading companies trust Climcycle
"Our decision fell on Climcycle as an all-in-one ESG software solution because it provides support in all areas crucial to us. In addition to ESG reporting and the EU taxonomy, we also rely on Climcycle for the Green Asset Ratio and the ESG stress test. The customizable solution, as well as the expertise of the consultants, convinced us. With Climcycle, we were able to efficiently and systematically assess our diverse portfolio."
"The Bank für Tirol und Vorarlberg Aktiengesellschaft (BTV) uses Climcycle's software solution to achieve its sustainability and compliance goals in the area of Environmental, Social and Governance (ESG). Climcycle provides BTV with comprehensive support in ESG risk assessment, compliance with the EU taxonomy, and in calculating its CO₂ emissions. The seamless integration of the software into existing systems via APIs and cloud access allows for more efficient workflows. In a dynamic regulatory environment, BTV particularly values Climcycle's flexibility in continuously adapting the software to meet current regulatory requirements. This flexibility is evident in updates responding to FAQs from the European Commission and in support with auditing inquiries, such as questions regarding ESG assessment methodologies."
Being ESG-compliant from a regulatory perspective: that is the purpose of Climcycle's 9 different modules, all working towards a common goal. Whether it's one module or all of them – customize your individual solution.
