Broadstone has partnered with Ortec Finance to enhance its ESG Advisory capabilities by adding climate scenarios developed through Ortec’s modelling framework.
This service is aimed at a range of asset owners, including insurers in the general insurance and life insurance sectors, defined benefit (DB) and defined contribution (DC) pension schemes, banks, and asset managers.
Jim Skea, chairman of the Intergovernmental Panel on Climate Change (IPCC), warned that the world could face a 3°C rise in global temperatures by 2100 if changes are not made.
Deon Dreyer, investment director at Broadstone, said: “Climate change has the potential to cause significant economic disruption and asset owners will need to assess the financial impact from potential economic scenarios, and their impact on the environment.
“We are confident this solution will prove invaluable in helping asset owners navigate this.”
Marc Devereux, head of investment consulting at Broadstone, said: “Climate scenario modelling is critical to helping asset owners understand how climate change may impact their investment portfolios.
“Broadstone’s new offering in the UK market will help improve access for firms of all sizes to Ortec Finance’s award-winning service so institutions can begin to make the necessary adaptations to their investment strategy.”
Maurits van Joolingen, managing director, climate scenarios and sustainability at Ortec Finance, said: “We are excited to be working with Broadstone to help their clients better understand the financial impacts of climate change under a range of plausible futures, while also enabling them to manage associated risks and identify opportunities.”
