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Highlights
     

    What We Do

    Understanding and managing climate risk has become a critical goal for financial institutions and corporations - driven partly by regulatory mandates and market pressures as well as extreme weather events causing physical damage and supply chain disruptions.

    We bring deep risk management expertise to help business leaders measure and manage their climate risks and opportunities. We have a strong history of modelling climate risk scenarios for the world’s leading financial institutions and industries. As part of Marsh & McLennan, we also draw on the risk and resilience expertise of our colleagues from Marsh and Guy Carpenter.

    Collaborations
    S&P Global Market Intelligence
    We partnered with S&P Global Market Intelligence to launch Climate Credit Analytics, a first-of-its-kind climate credit solution to help financial institutions assess counterparty risk from a transition to a low-carbon economy.
    World Economic Forum
    We contribute to the World Economic Forum’s most influential risk report, The Global Risks Report, exploring some of the most severe risks we may face over the next decade.
    UNEP Finance Initiative (UNEP FI)
    We partnered with UNEP FI to define an industry approach to transition risk quantification. Transition Check empowers institutions to evaluate risks and potential losses across numerous sectors and geographies.
     

    What We Think

    Climate Scenario Analysis Practices At US Banks In 2023

    In collaboration with the Risk Management Association, we provide perspectives on US financial institutions’ climate scenario analysis capabilities.

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    NAVIGATING SUPPLY CHAIN RISKS IN THE GCC'S INDUSTRIAL SECTOR

    Explore how the GCC is tackling global supply chain challenges through strategic resilience amid disruptions from pandemics to geopolitical tensions.

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    Navigating Climate Risk And Resilience In Banking

    Learn how banks go beyond regulation, harnessing climate risk stress tests to gain valuable insights. Our report with AFME reveals key challenges for EU banks.

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    Embarking On Climate Change Scenario Analysis

    Climate risk scenario analysis is becoming mainstream as financial regulation of climate change risk intensifies. Here’s what insurers need to know.

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    Defining The Right Digital Asset Strategy For Procurement

    Build a digital asset strategy needed for ESG in data procurement. Here are the best practices to monitor effectively and achieve sustainability goals.

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    Derisking The Climate Transition Through Collective Action

    How cross-sector action can drive the climate transition

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    Breakthroughs

    Piloting The TCFD Recommendations
    We helped a North American bank assess the impact of two climate transition scenarios on the creditworthiness of borrowers in the oil and gas industry. The project developed a methodology and tool that enabled the client to pilot climate scenario analysis for the oil and gas credit portfolio. The client gained significant insight into how climate transition scenarios could impact individual borrowers within the sector.
    Building Capabilities In Climate Risk Assessments
    We helped a leading South-East Asian bank develop and deploy climate risk stress testing models to undertake a long-horizon assessment of the climate risks within its portfolio to guide its risk management strategy. We helped build capabilities in climate risk assessments and provided the tools and infrastructure to support strategic decisions and meet regulatory expectations.
    Quantifying Physical And Transition Risk
    We helped a multilateral development bank improve the integration of ESG aspects within their active risk management processes. We identified key gaps in the client’s current approach to ESG risk management against the current and forward-looking best-in-class practices and suggested improvements to enhance the robustness of the client’s counterparty risk scoring tooling.
    Piloting The TCFD Recommendations
    We helped a North American bank assess the impact of two climate transition scenarios on the creditworthiness of borrowers in the oil and gas industry. The project developed a methodology and tool that enabled the client to pilot climate scenario analysis for the oil and gas credit portfolio. The client gained significant insight into how climate transition scenarios could impact individual borrowers within the sector.
    Building Capabilities In Climate Risk Assessments
    We helped a leading South-East Asian bank develop and deploy climate risk stress testing models to undertake a long-horizon assessment of the climate risks within its portfolio to guide its risk management strategy. We helped build capabilities in climate risk assessments and provided the tools and infrastructure to support strategic decisions and meet regulatory expectations.
    Quantifying Physical And Transition Risk
    We helped a multilateral development bank improve the integration of ESG aspects within their active risk management processes. We identified key gaps in the client’s current approach to ESG risk management against the current and forward-looking best-in-class practices and suggested improvements to enhance the robustness of the client’s counterparty risk scoring tooling.
     

    Solutions