There is a clear goal: sustainable business practices. To achieve the EU's 2030 climate goals and the European Green Deal, numerous direct investments in sustainable activities are necessary. To this end, the EU has established a uniform framework for assessing sustainable activities: the EU Taxonomy. This requires banks to disclose the sustainable portion of their financing. Additionally, the BCBS Pillar 3 framework requires the disclosure of other ESG-relevant portfolio information.
All-in-one, always there for you, and sustainably well-designed.
Various data from the financed counterparties are needed to prepare the reporting forms. This includes taxonomy compliance metrics, energy efficiency information, and exposure to physical risks. Climcycle has an internal database with a wide range of the required information, reducing your data collection effort to the bare minimum. All necessary reporting forms are generated, and the KPIs are visualized on the user interface.
The methodology is straightforward: the calculation is performed in accordance with "Delegated Regulation (EU) 2021/2178 of the Commission of July 6, 2021, supplementing Regulation (EU) 2020/852 and the BCBS Pillar 3 framework."
Climcycle has an internal database with much of the necessary information, significantly reducing your data collection effort. All necessary reporting forms are generated, and KPIs are visualized on the user interface.
Climcycle supports you along the way: our module simplifies the calculation of Green Asset Ratios, eligibility Ratios, and the automated filling of all required reporting forms for disclosure under Art. 8 of the EU Taxonomy and Pillar III CRR 449a. Fully automated filling of all regulatory-required templates (EBA) and KPIs. The module documents all processes via an audit trail, keeping you on the regulatory safe side with Climcycle.
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.
