Financial Services: Banking
Quantify Climate Risk and unlock insights on physical & transition risks so you can align with regulations.
Climate change poses considerable financial risks and uncertainty in the banking sector, with regulatory bodies starting to mandate climate stress tests and scenario analysis disclosures across the world.
With Spectra, our enterprise-wide risk solution, you can extract transparent & comprehensive climate risk data across different asset classes/functions, everything from RCR resi mortgages, corporate, CRE, to operations. We've built Spectra from the ground up to make stress-testing faster, with ECL/ICAAP & TCFD compliance in mind.
Climate Risk Data for
Corporate / Retail & Investment Banks
Assess climate risks at speed for faster data-driven decisions to map existing and future risks, and model climate-adjusted VaR (cVaR) forecasts.
Transparent Science to Navigate Climate Risk Data
Our models are peer-reviewed by industry specialists for accuracy and we back them with detailed methodology in every report with even more detail in our knowledgebase.
Our data is reliable, transparent and updated with a regular cadence.
A platform that goes beyond
climate risk
Identify your firm's portfolio critical risk drivers and identify physical and transitional risks with our platform Spectra.
Go further by providing EPC ratings for the UK and Europe, even when official data may not exist, and solving corporate asset mapping/P&L impacts.
Regulatory Compliance Made Simple
It’s easy: Log in to Spectra, upload a .csv with up to 500k addresses and download your TCFD-compliant report and integrate it with your Annual Report.
Complete your climate risk disclosure in minutes, with all the data and methodology supporting it.
Climate Risk translated into financial impacts
Access data on your potential annual exposure to climate-related hazards.
Empower your decision-making with actionable insights on 17 physical risks as well as transition costs based on multiple RCP/SSPs.
Want to dive straight into Spectra?
Start a trial account and begin assessing your portfolio within minutes. If you’re just approaching climate risk, you can also take a look at our free Operation Manual for Banking Professionals.
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We speak your language.
Our team boast decades of experience in the financial services sector, while we speak your language, we also adhere to industry standards. We're InfoSec compliant and work in accordance with the PRA's Model Risk Management (MRM) frameworks.
Navigate complex climate risks with banking-focused reports
Spectra delivers extensive reporting tailored for the banking industry in as little as two clicks with our online self-service platform or the ability to plug straight into the digital core via our customisable API to easily integrate data with your existing systems to power dashboards and widgets.
- Perfect for Stress Testing, Annual Reports, ICAAP, Capital, ECL, TCFD and other statements.
- Create comprehensive Asset & Portfolio-level Reports in seconds as a PDF.
- Compare climate risk exposures between portfolios to implement robust risk management procedures and make strategic decisions that drive long-term value.
- Compare your investment performance at a regional level.
- Plug-and-play integrations with PowerBI Enterprise, Qlik View, Tableau, etc.
Trillions of data points with global coverage down to as little as 10m
Enhance the protection of your global investment exposures to NGFS-aligned physical risks with our state-of-the-art platform.
17 Physical Risks: includes river flooding, coastal flooding/sea level rise, surface flooding, subsidence, landslide/coastal erosion, wildfire, heat stress, storms, hurricanes, and drought/water stress, etc.
Multiple RCPs, 80-year span: RCP 2.6, 4.5, 6.0, & 8.5 (EA/LA) + SSPs, in as little as 5-year intervals from 2020-2100.
Output:
- Portfolio physical risk score and risk volume distribution.
- Hazard-specific risk rating, including accuracy (up to 99%), probability and severity.
- Physical risk annual losses in monetary value and percentage.
Quantify financial losses and exposures - all the way to the year 2100 - with full EPC coverage in UK & Europe
The banking industry faces substantial transition risks as it strives to align with net-zero targets while being presented with opportunities to generate new sources of value through the climate transition.
Spectra calculates Europe-wide Energy Performance Certificate (EPC) ratings for over 300 million buildings. Plus, Spectra has 100% coverage of EU and UK EPC ratings.
Settings available: Defineable EPC target year for EPC C.
Output:
- Physical Damage, combing hazard, exposure and vulnerability, built on industry frameworks.
- Scenario-linked transition costs, including EPC mapping (UK & EU) - even for assets without existing ratings.
- Company-wide risk, factoring decline in labour productivity and infrastructure disruption.
Backed by academia, trusted by industry
Leveraging climate risk data, you can trust is essential - we go beyond mere data aggregation by providing granular and actionable data for climate resilience.
- Built in-house by a value-led, diverse and world-class team of climate scientists.
- Peer-reviewed by industry experts.
- Fully validated models.
- Detailed and consistent methodology for all hazards/perils.
- Models achieving up to 99% accuracy.
- Detailed and comprehensive documentation & knowledgebase + support framework explaining the science and the data we project.
A future-proofed platform
Governments and Central Banks worldwide are urgently deploying policy, legislation and regulation forcing climate-risk assessments across the global economy.
As the regulatory landscape continues to rapidly evolve to address climate risk, significant reforms are being implemented to ensure that industries are directly aligned with net-zero goals.
We follow the latest developments to make sure you’re always one step ahead, offering granular climate data for effective regulatory compliance and alignment with the evolving landscape:
- TCFD & EU Taxonomy.
- NGFS aligned pathways.
- ECL / ICAAP / IFRS S2.
- Stress testing/scenario analysis requirements.
Reporting
Turn data into actionable insights to make faster, smarter, informed decisions
Spectra delivers extensive reporting tailored for the real estate industry in as little as two clicks with our online self-service platform or the ability to plug straight into the digital core via our customisable API to easily integrate data with your existing systems to power dashboards and widgets.
- Perfect for Stress Testing, Annual Reports, ICAAP, Capital, ECL, TCFD and other statements.
- Create comprehensive Asset & Portfolio-level Reports in seconds as a PDF.
- Compare climate risk exposures between portfolios to implement robust risk management procedures and make strategic decisions that drive long-term value.
- Compare your investment performance at a regional level.
- Plug-and-play integrations with PowerBI Enterprise, Qlik View, Tableau, etc.
Physical Risks
Trillions of data points with global coverage down to as little as 10m
Enhance the protection of your global investment exposures to NGFS-aligned physical risks with our state-of-the-art platform.
17 Physical Risks including: river flooding, coastal flooding/sea level rise, surface flooding, subsidence, landslide/coastal erosion, wildfire, heat stress, storms, hurricanes, and drought/water stress.
Multiple RCPs, 80-year span: RCP 2.6, 4.5, 6.0, & 8.5 (EA/LA) + SSPs, in as little as 5 year intervals from 2020-2100.
Output:
- Portfolio physical risk score and risk volume distribution
- Hazard-specific risk rating including accuracy (up to 99%), probability and severity
- Physical risk annual losses in monetary value and percentage
Transitional Risks
Quantify financial losses and exposures, all the way to the year 2100
The real estate industry faces substantial transition risks as it strives to align with net-zero targets while being presented with opportunities to generate new sources of value through the climate transition.
Spectra calculates Energy Performance Certificate (EPC) ratings for over 300 million buildings worldwide.
Settings available: EPC target year for EPC C
Output:
- Physical Damage, combing hazard, exposure and vulnerability, built on industry frameworks.
- Scenario-linked transition costs including EPC mapping, even for assets without existing ratings.
- Company-wide risk, factoring decline in labour productivity and infrastructure disruption.
Quality of Data
Backed by academia, trusted by industry
Leveraging climate risk data you can trust is essential - we go beyond mere data aggregation by providing granular and actionable data for climate resilience.
- Built in-house by a value-led, diverse and world-class team of climate scientists.
- Peer-reviewed by industry experts.
- Fully validated models.
- Detailed and consistent methodology for all hazards/perils.
- Models achieving up to 99% accuracy.
- Detailed and comprehensive documentation & knowledgebase + support framework explaining the science and the data we project.
Regulatory Compliance
A future-proofed platform
Governments and Central Banks worldwide are urgently deploying policy, legislation and regulation forcing climate-risk assessments across the global economy.
As the regulatory landscape continues to rapidly evolve to address climate risk, significant reforms are being implemented to ensure that industries are directly aligned with net-zero goals.
We follow the latest developments to make sure you’re always one step ahead, offering granular climate data for effective regulatory compliance and alignment with the evolving landscape:
- TCFD & EU Taxonomy
- NGFS aligned pathways
- GRESB / CRREM / Article 8/9
- Stress testing/scenario analysis requirements.
Our latest articles
A selection of some of our latest articles covering industry, policy and climate science.
