We ensure that everything runs smoothly and simply. The ECB views the climate stress test as a learning process for both banks and supervisory authorities. The stress test aims to identify weaknesses, find best practice solutions, and uncover the biggest challenges for banks in managing climate risks.
All-in-one, always there for you, and sustainably well-designed.
The module utilizes both the stress test parameters provided by the ECB and public variable shift factors that reflect the impact on credit risk parameters. The module’s results include the calculated metrics as well as the stressed credit risk parameters.
The module follows the ECB stress test methodology for 2022 regarding Metrics 1 and 2. Additionally, credit risks are analyzed in short-term scenarios according to the ECB methodology. The forecasts for stressed credit risk parameters are based on shift factors from various regulatory publications, such as those by the ECB or OeNB. Adaptation to internal bank calculations is also possible.
The module covers short-term stress scenarios, physical risks, transition risks, as well as all industries and countries within the scope of the 2022 climate stress test.
The stress test results, along with visualized forms, are available in Climcycle and can be downloaded, making the process stress-free for our clients.
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.
