Capgemini and Google Cloud partner to drive better climate risk analysis for the financial services industry to accelerate net-zero transition.

Understanding climate shifts is essential to assess the financial impact of transition and physical risks on banking and insurance portfolios. Today, financial services institutions are leveraging granular data to seize new opportunities and perform extensive climate stress testing to meet evolving regulations and reporting requirements.

To increase performance and competitiveness, the financial services industry must transform its approach to climate risk modeling. It needs to embrace new scenario generation capabilities and connect global variables with granular asset-level risk assessment to produce climate-influenced financial statements for equity, loan, and stress testing.

Capgemini’s Business for Planet Modelling (BfPM) for Financial Services is a set of climate risk advisory services built on the strength of Google Cloud, embracing the power of its analytics and artificial intelligence to simulate the financial impact of climate change and global variables to enhance forecasting and support better decision-making. Secure and scalable, BfPM is designed to easily integrate into existing systems, providing easy access rights management and a user-friendly environment.

Discover how Capgemini and Google Cloud can harness the power of your structured and unstructured data and insights to help consciously accelerate your sustainability journey, reduce risk, and enhance returns.