Financial Services
For the Financial Services Industry sustainability has become a key strategic imperative. Facing megatrends such as a changing climate, finite natural resources, increasing urbanization, a ballooning and migrating population, cybercrime epidemics, advances in robotics and AI, shifts in labor markets, the business models of financial institutions are challenged. Therefore, new regulatory and governance regimes have taken place, as well as new market opportunities. A systematically evaluation of environmental and social risks can strengthen Financial Institutions’ portfolio of lending and investment activities. Identifying opportunities for innovative product development in new areas related to sustainability e.g. renewable energy, energy efficiency, cleaner production processes and technologies, carbon finance, sustainable supply chains are the drivers for financial institutions to differentiate themselves from competitors, improve their reputation among key customers and stakeholders, attract new capital. Managing environmental and social opportunities and risks together, financial institutions will increase transparency and create long-term value for their business.
What we offer
- Development of new business models serving sustainability opportunities
- Environmental and social risk assessments
- Development of innovative sustainable services and products
- State of the art sustainability reporting and communication
Our Services
Sustainability is relevant in all areas of the economy now, but reliable sustainability data is often not available. To address this issue, we partnered up with “riskine” – the top Austrian Fintech in the field of digital advisory solutions in the financial industry– and jointly developed the ESG Analyser. The ESG Analyser is not only based on important industry standards, like the GHG and PCAF, but also connected to the most relevant sustainability databases.
Based on an intelligent set of questions with very limited effort, the ESG Analyser provides banks and insurers CO2e emissions (Scope 1-3), EU taxonomy relevance, physical climate risks, as well as benchmarking data for your SME customers.
The result are recommended actions for your customers and an extensive analysis of existing sustainability risks and financed emissions of your SME portfolio. Furthermore, the ESG Analyser provides important data for the necessary regulatory reporting (green asset ratio, EBA guidelines, etc.).
Your advantages in a nutshell:
- Robust data and analysis with minor time and resource efforts
- Estimation of financed emissions based on GHG protocol and PCAF
- Taxonomy compliance assessment of your customers‘ business activities
- Evaluation of your portfolio’s physical climate risk exposure
- For your customers: First insights into size and drivers of their CO2e emissions, paired with concrete advice for action
- Data for portfolio-steering and regulatory reporting
Our Stories
- Employee benefit Funds: Validation of ESG processes, communication and investment performance as a long-standing member of the respective jury for the Austrian Sustainability certification system
- Development of a sustainable savings account to support green and regional investments
- Public owned utility: Defining the sustainability level of a multi-billion dollar investment portfolio with more than 10,000 titles
Our Clients
Unicredit Erste Group Raiffeisen Group GRAWE Group
Uniqa Volksbanken VBV
Contacts
Peter Linzner – Austria peter.linzner@denkstatt.at Karl Resel – Austria karl.resel@denkstatt.at
Gabriela Fistis – Romania adina.nenicioiu@denkstatt.ro