Ortec Finance, a global leader of technology and risk management solutions for financial institutions, is delighted to welcome Broadstone, a leading independent financial services consultancy, as its newest partner.
Through this partnership, Broadstone will leverage the Ortec Finance Climate Scenarios, a core component of Ortec Finance’s ClimateMAPS – a climate scenario analysis solution developed in exclusive partnership with Cambridge Econometrics, to enhance its suite of ESG advisory capabilities in the UK market.
Broadstone currently supports asset owners from the general insurance and life insurance sectors, defined benefit (DB) and defined contribution (DC) pension schemes, as well as banks and asset managers, to measure, monitor and manage financial materiality on portfolios.
Commenting on the partnership, Maurits van Joolingen, Managing Director, Climate Scenarios & Sustainability at Ortec Finance: “We are excited to be working with Broadstone to help their clients better understand the financial impacts of climate change under a range of plausible futures, while also enabling them to manage associated risks and identify opportunities.”
Deon Dreyer, Investment Director at Broadstone, said: “Climate change has the potential to cause significant economic disruption and asset owners will need to assess the financial impact from potential economic scenarios, and their impact on the environment. We are confident this solution will prove invaluable in helping asset owners navigate this.”
Marc Devereux, Head of Investment Consulting at Broadstone, said: “Climate scenario modelling is critical to helping asset owners understand how climate change may impact their investment portfolios. Broadstone’s new offering in the UK market will help improve access for firms of all sizes to Ortec Finance’s award-winning service so institutions can begin to make the necessary adaptations to their investment strategy.”
Ortec Finance currently partners with a range of providers within the financial services sector to help asset owners and managers to better assess and understand climate risks within their investment portfolio including Mercer, LCP, Schroders, Axioma by Simcorp (previously Qontigo) and ClarityAI.
About Ortec Finance Climate Scenarios
Ortec Finance Climate Scenarios, a key component of ClimateMAPS, are a suite of deterministic climate scenarios developed in-house, in partnership with Cambridge Econometrics to assess the financial impact of climate change. These scenarios are based on non-equilibrium modelling (E3ME) of the low carbon transition through policy and technology innovation. It utilizes a proprietary extreme weather modeling tool to assess acute physical risk impacts. In combination with the Ortec Finance’s stochastic financial scenario set and independent Economic Scenario Generator, it generates economic and financial variables for all asset classes, geographies, sectors and conventional and low-carbon benchmarks. These variables incorporate pricing-in dynamics and financial market sentiment shocks.
About ClimateMAPS
ClimateMAPS - Ortec Finance’s award-winning climate scenario analysis solution, offered in exclusive partnership with Cambridge Econometrics, enables financial institutions to quantify their portfolio’s climate risk exposure and identify opportunities relative to a baseline with 2°C to 3 °C degrees warming across all asset classes and macroeconomic variables. It provides comprehensive insights to help financial institutions translate the potential impact of climate change on investments.
Climate Scenarios & Sustainability