Sector
Finance
Climate Change is driving ever greater asset risk exposure to lenders for residential and commercial property transactions. Effective risk screening enables a proactive and prudent approach to risk management.
Our property and infrastructure is under attack like never before from climate change - whether from flooding, subsidence, heat and water stress, wildfire and storm damage. Each has a major impact on insurability and therefore lending - one is rarely possible without the other.
Lenders are now mandated by the Bank of England's Prudential Regulation Authority (PRA) to treat climate change as a significant financial risk. Rules require them to integrate physical and transition risks into their governance, risk assessment, and long-term lending strategies.
Intro
Enabling more Confident Lending
Better climate data analysis at the point of application in the property transaction is at the heart of prudent and proactive risk management for lenders.
Terra IQ provides expert, science-led data layers to enable lenders to better understand how physical and transition risks could impact on asset value, support the assessment of stranded assets in the lending book and help target opportunities for retrofit and resilience to improve assets.