Moody’s Analytics adds climate risk assessment to its credit lifecycle management solution
NEW YORK, April 26, 2022–(BUSINESS WIRE)–Moody’s Analytics is pleased to announce that it has incorporated climate risk assessment capabilities in its flagship credit lifecycle management platform, the CreditLens™ solution. The integration allows lenders to assess the impact of the climate on the credit quality of their customers in order to inform their lending decisions.
Increasingly, financial institutions around the world are taking into account the impact of climate risks and opportunities on their activities. Risks arising from climate change can affect the revenues, costs and reputation of businesses and assets, leading to credit risks and associated impacts for commercial lenders. However, the need to transition to a net zero and 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 challenged our clients to manage a wider range of risk than ever before,” said Eric Ebel, managing director, Banking Solutions at Moody’s Analytics. “Under increasing regulatory and market pressure around the world, forward-thinking financial institutions are looking to integrate climate risk into their credit decision-making process. Moody’s Analytics is at the forefront of helping banks navigate in the transformation to a sustainable low-carbon future.”
The new capability builds on our award-winning climate risk solutions to support climate risk assessment in lending. This is achieved through the combination of powerful weather-adjusted default analytics with the CreditLens solution, enabling our clients to quantify and assess the impact of weather risk on credit.
To learn more about Moody’s leadership in solving the common challenge of climate change through our ideas, 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, better-informed decisions. It applies artificial intelligence and machine learning to facilitate process automation and help customers 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 decisions, faster. Our deep risk expertise, vast information resources and innovative application of technology help our clients navigate a changing market with confidence. We are known for our industry-leading and award-winning solutions, comprised of research, data, software and professional services, assembled to deliver a seamless customer experience. We create trust in thousands of organizations around the world, through our commitment to excellence, our open-minded approach and our focus on meeting customer needs. For more information on Moody’s Analytics, visit our website or join us on Twitter and LinkedIn.
Moody’s Analytics, Inc. is a subsidiary of Moody’s Corporation (NYSE: MCO). Moody’s Corporation posted 2021 revenue of $6.2 billion, employs more than 13,000 people worldwide, and maintains a presence in more than 40 countries.
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