Model suite now includes S&P Global Sustainable1 data
enabling further assessment of aggregated impact of climate
risk
NEW
YORK, Oct. 25, 2023 /PRNewswire/ -- S&P
Global Market Intelligence and Oliver Wyman today announced the
enhancement of the S&P Global Market Intelligence Climate
Credit Analytics solution to include both climate-related physical
and energy transition risk. The addition of S&P Global
Sustainable1 data providing information on the physical risk
exposure and related financial impact for over 20,000 companies
mapped against a range of seven climate change related hazards
across a range of four CMIP6 Shared Socioeconomic Pathway (SSP)
climate change scenarios will support clients as they seek to
understand and manage the physical and financial exposure of
corporates and portfolios to climate change.
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Developed through a collaboration between S&P Global Market
Intelligence and Oliver Wyman, Climate Credit Analytics was
launched in June 2021 to help
financial institutions and corporations assess how a changing
climate and the transition to a low-carbon economy will impact the
creditworthiness of their counterparties and investments. The
solution translates climate scenarios into scenario-adjusted
financials and scores at the company level by combining S&P
Global Market Intelligence's advanced Credit Analytics risk models
and unique industry-specific datasets with Oliver Wyman's
industry-leading climate scenario and stress testing
capabilities.
Since then, the offering has also expanded to incorporate:
- New climate scenarios, including Phase III scenarios published
by the Network for Greening the Financial System (NGFS) and
regulatory scenarios from the European Central Bank, Monetary
Authority of Singapore and the
U.S. Federal Reserve
- Additional datasets and disclosures including company
specific transition targets that provide differentiations in
outcome based on a company's stated energy transition
ambitions
- Sector specific nuances including automotive industry energy
transition forecasts from S&P Global Mobility and commodity
asset cost curves from Platts, part of S&P Global Commodity
Insights
"With the increased frequency of climate-related events, the
continued enhancement of this solution is particularly significant
as companies seek to evaluate the impact of climate on their
businesses, counterparties and investments," said Whit McGraw, Head of Credit and Risk Solutions,
S&P Global Market Intelligence. "Our robust model suite and
tailored approach to sectors, enhanced by the S&P Global
acquisition of The Climate Service and merger with IHS Markit,
provides greater granularity for regulatory climate stress testing
and scenario analysis, enabling users to report to stakeholders
with confidence."
"This new release will serve banks, insurers, asset managers,
asset owners and corporate risk managers to quantify climate risks
in an even more thorough manner and thereby more readily integrate
into business decisions and client engagement," said
John Colas, Partner and Vice
Chairman of Financial Services for the Americas at Oliver
Wyman.
Since its launch in June 2021,
Climate Credit Analytics has been leveraged for regulatory climate
stress testing by financial institutions in various jurisdictions
globally as well as for the purposes of climate scenario analysis
aligning to the recommendations of the Task Force for Climate
Related Financial Disclosures.
For additional information on Climate Credit Analytics, please
visit S&P Global Market Intelligence.
S&P Global Market Intelligence's opinions, quotes, and
credit-related and other analyses are statements of opinion as of
the date they are expressed and not statements of fact or
recommendation to purchase, hold, or sell any securities or to make
any investment decisions, and do not address the suitability of any
security.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With
offices in more than 70 cities across 30 countries, Oliver Wyman
combines deep industry knowledge with specialized expertise in
strategy, operations, risk management, and organization
transformation. The firm has more than 6,000 professionals around
the world who work with clients to optimize their business, improve
their operations and risk profile, and accelerate their
organizational performance to seize the most attractive
opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE:
MMC]. For more information, visit www.oliverwyman.com. Follow
Oliver Wyman on Twitter @OliverWyman.
Media Contacts
Kate Smith
S&P Global Market Intelligence
+1 781-301-9311
katherine.smith@spglobal.com
Jung Kim
Oliver Wyman
+1 347 260 3819
jung.kim@oliverwyman.com
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SOURCE S&P Global Market Intelligence