Moody’s Analytics Adds Climate Risk Assessment Into Its Credit Lifecycle Management Solution
April 26 2022 - 8:00AM
Business Wire
Moody’s Analytics is pleased to announce that it has
incorporated climate risk assessment capabilities into its flagship
credit lifecycle management platform, the CreditLens™ solution. The
integration enables lenders to assess the impact of climate on
their customers’ credit quality to inform lending decisions.
Increasingly, financial institutions worldwide are considering
the impact of climate risks and opportunities on their business.
Risks arising from climate change can affect revenues, costs and
reputation for businesses and assets, leading to credit risks and
associated impacts for commercial lenders. However, the need to
transition to a net zero, resilient economy also presents
opportunities for innovative financial products. Many banks are
already taking action, committing to align their lending and
investment portfolios with net-zero emissions.
With the climate risk assessment capability accessible directly
within the CreditLens solution, users can weigh the impact of
climate risk on their credit decisions and identify relevant
opportunities without increasing workload or disrupting the work
process.
“The growing climate crisis has spurred our customers to manage
a wider range of risks than ever before,” said Eric Ebel, Managing
Director, Banking Solutions at Moody’s Analytics. “Under increasing
regulatory and market pressure worldwide, forward-thinking
financial institutions are looking to incorporate climate risk into
their credit decisioning process. Moody’s Analytics is at the
forefront of helping banks navigate the transformation to a
low-carbon, sustainable future.”
The new capability leverages our award-winning climate risk
solutions to support climate risk assessment in credit origination.
This is achieved through pairing of powerful climate risk-adjusted
default analytics with the CreditLens solution, enabling our
clients to quantify and assess the credit impact of climate
risk.
To learn more about Moody’s leadership in addressing the shared
challenge of climate change through our insights, solutions, and
corporate commitments visit www.moodys.com/climate.
Built on the latest cloud-based technology, the CreditLens
platform helps businesses digitally transform their credit
processes, to make faster and better-informed decisions. It applies
artificial intelligence and machine learning to facilitate process
automation and help clients improve efficiency, reduce errors, and
streamline workflows.
About Moody’s Analytics Moody’s Analytics provides
financial intelligence and analytical tools to help business
leaders make better, faster decisions. Our deep risk expertise,
expansive information resources, and innovative application of
technology help our clients confidently navigate an evolving
marketplace. We are known for our industry-leading and
award-winning solutions, made up of research, data, software, and
professional services, assembled to deliver a seamless customer
experience. We create confidence in thousands of organizations
worldwide, with our commitment to excellence, open mindset
approach, and focus on meeting customer needs. For more information
about Moody’s Analytics, visit our website or connect with us on
Twitter and LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation
(NYSE: MCO). Moody's Corporation reported revenue of $6.2 billion
in 2021, employs over 13,000 people worldwide, and maintains a
presence in more than 40 countries.
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