How does a major bank prove to the regulators that
it's serious about climate change?
In 2020, the Financial Conduct Authority laid down a challenge
to the UK's big businesses: measure the climate risks of your
operations, and tell us what you're going to do about them.
There was no blueprint for this, and one major UK bank called on
Baringa's in-house climate experts to help.
We built models from the bottom up, and working practices from
the top down
We used our award-winning climate scenario model to delve into
the bank's climate footprint. We took account of every asset
insured and every penny invested, tracing those threads of impact
all the way up, until the bank had a full and robust picture of
their climate risk. Then, we built a plan for what to do about
it.
