Property insight providers, CLSQ and D-Risk, have been reappointed as climate partners for Shawbrook Bank, following the successful supply of climate data and analysis for the bank’s lending portfolios.
The data supplied by these companies was used by Shawbrook Bank to carry out a quantitative assessment of climate-related scenarios.
The insights obtained from this assessment were utilised in the bank’s recent Task Force on Climate-related Financial Disclosures (TCFD) Report.
Lorenzo Tejada-Orrell (pictured), chief innovation officer at CLSQ, said: “We’re delighted to continue to be a climate partner of Shawbrook, helping the bank work towards supporting its customers in the transition to a low carbon economy.
“Our partnership is based on close collaboration and a strong understanding of Shawbrook’s climate requirements.
“As part of this continuing collaboration, Shawbrook is supported by our in-house climate and property risk experts. This is just one example of the full spectrum of data-driven property solutions we provide at CLSQ.”
Andrew Pullman, managing director at D-RISK, added: “The combined expertise of the CLSQ and D-RISK teams is taking Shawbrook on positive journey with regards to climate change risk which is also helping its customers with their own net zero journeys.
“Our progressive and innovative data analysis is helping Shawbrook to understand and mitigate risks of climate-related events such as floods on commercial properties. For example our FloodBI product provides flood business impact scores, identifying how resilient a property and its assets are to a potential flood event. This is critically important for the future. As climate risk specialists, we understand the bigger picture and are thrilled to continue to support Shawbrook and their customers.”
Paul Allton, chief prudential risk officer for Shawbrook, concluded: “CLSQ’s & D-Risks innovative approach and commitment to delivering cutting-edge data-driven solutions has significantly improved our climate management information at Shawbrook Bank, enabling us to complete our quantitative assessment of climate related scenarios, which has been used for our latest Task Force on Climate-related Financial Disclosures (TCFD) Report. We look forward to using these insights to support our customers in the transition to a low carbon economy.”
