Collaboration enables NFQ customers to integrate Climate X data into their projections and better understand and quantify risks.
LONDON & NEW YORK CITY: October 28th, 2025 – Climate X, the award-winning leader in climate resilience analytics, has today announced a strategic alliance with NFQ, a leading financial services consultancy specialising in credit risk and climate resilience.
Through the partnership, NFQ will integrate Climate X’s platform into its work with prominent banking clients, helping them navigate increasingly complex regulatory requirements and strengthen their climate resilience strategies.
NFQ has long been recognised to provide advisory services to major banking and insurance institutions in Spain and the Americas. This alliance marks a significant step forward in integrating cutting-edge climate data into that process, particularly supporting stress testing, resilience assessments and compliance with evolving regulations. The collaboration will provide financial institutions with greater insight into the evolving regulatory landscape, such as the European Central Bank’s (ECB) Green Guide, which focuses on integrating climate and environmental factors into its policies and operations in order to incorporate climate change impacts into its macroeconomic projections.
"This partnership allows NFQ to deliver even greater value to our clients and give them direct access to the data needed to integrate climate resilience into their projections," said Martín Sanz, Partner at NFQ. "Climate X's granular data and sophisticated modelling capabilities represent a best-in-class solution for understanding and quantifying physical climate risks impacting our banking sector."
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Climate X's granular data and sophisticated modelling capabilities represent a best-in-class solution for understanding and quantifying physical climate risks impacting our banking sector."
Martín Sanz, Partner at NFQ
Martín Sanz, Partner at NFQ
"By partnering with a recognised leader in the Spanish financial services landscape in NFQ, we can provide their clients with the most robust tools and insights to manage risk in a changing climate," said Lukky Ahmed, CEO & Co-Founder of Climate X. "This collaboration highlights the growing demand for actionable climate risk data within the banking sector, and our commitment to supporting institutions in becoming more resilient to the impacts of climate change."
The two companies will jointly engage with key Spanish banks across the region to demonstrate the benefits of integrating Climate X’s data into their risk management frameworks.
About NFQ
Founded in 2010, NFQ is a global consulting firm providing end-to-end professional services across multiple industries and geographies. Headquartered in Spain, NFQ also operates offices and expert teams across Europe, the United Kingdom, the United States, Mexico, and Latin America.
With more than 2,000 highly specialized professionals, NFQ serves over 150 clients spanning diverse sectors, with financial services at the core of its business. Through its three main service lines, NFQ delivers integrated solutions that help organizations navigate complex challenges, accelerate transformation, and create lasting value.
About Climate X
Climate X is the world’s only fully integrated climate risk platform, helping financial institutions to price, manage and build resilience to climate change impacts on the built environment. They provide climate financial risk data to global banks and asset managers, defending global economic stability against the impacts of climate change.
Climate X is redefining resilience against climate change. Their innovative solutions have transformed the approach of businesses and corporations towards climate challenges, enabling them to build and retrofit structures for a sustainable future.
By translating carbon emissions pathways into financial impacts, they help drive a significant shift in the financial sector. Banks and asset managers, with over $13.5tn in assets, are now using their insights to drive positive impact and build resilience.
They are reinforced by notable figures such as David Carlin, Robert Wigley, Jackie Bennet OBE, and Craig Robinson, who serve as advisors, and are supported by CommerzVentures, Pale Blue Dot, Deloitte, and Blue Wire Capital as some of its investors.
Climate X has received numerous awards, including FinTech Germany, Chartis’ Rising Star, and Deloitte’s Fast 50.
To learn more, visit https://www.climate-x.com.
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