OakNorth: Weaving Climate Risk and Risk Management

OakNorth is integrating climate transition risk into portfolio risk management. ON Climate provides lenders the ability to assess climate transition risk on their loan book. Climate and credit risk teams get access to immediate and actionable intelligence on C&I portfolios down to the individual borrower level, enabling them to:

• Calculate financed emissions across the commercial loan book without collecting emission data from customers.
• Mitigate regulatory risk by identifying climate risk in portfolios early, allowing the creation of effective climate transition risk strategies.
• Incorporate climate risk measurement into regular portfolio management and underwriting processes.

See webinar link below for a video interview with Matt Bullivant, Director of Sustainability and ESG Strategy, OakNorth.