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Climate Exposure Tool for Financial Risk Analysis

Project description

Adding climate change to financial risk managers’ portfolio

Climate change can have dramatic financial consequences, deepened by collapsing markets and economies. Financial risk managers, who create future strategies for their clients, require detailed data but there is little information available on climate change threats. The EU-funded CLIMEX project can fill this gap thanks to its output from the FET research Project DOLFINS on Climate-Finance Stress-testing and its cutting-edge competencies. The project aims to bring the product (website and Service demo) to key companies and institutions in the finance market. This innovative B2B commercial tool will allow financial risk managers to include climate risks in their portfolio for better risk management and improved performance.

Objective

CLIMEX will bring to the market an innovative commercial product based on the research output of the FET research Project DOLFINS, i.e. the “Climate-Finance Stress-testing”. The innovation will narrow the gap between our prior top level research and the market. By delivering a B2B commercial tool for financial risk managers, CLIMEX will allow them to price climate risks in their portfolio management strategies, thus filling in an existing gap on the market. In particular, our innovation will provide detailed quantitative information about the exposure to climate risks of individual firms and financial institutions’ portfolios, thus allowing them to improve their business and environmental performance. To achieve this goal, CLIMEX designs a 12-months Commercialization Roadmap that pursues a patenting and a start-up strategy and a commercialization strategy, and delivers a website and Software as a Service demo, together with targeted dissemination events with key private and public finance stakeholders with whom the CLIMEX consortium has already engaged in a business dialogue. CLIMEX’s disruptive positioning on the market is achieved by combining cutting-edge scientific competence across three domains in which the CLIMEX members are international leaders, (i.e. models of risk and contract valuation in financial networks, environmental economics, Software as a Service demos) and their knowledge and know-how when it comes to implement the methods on actual clients’ portfolios. The consortium will have access to professional advise on technology transfer via a dedicated organization at the coordinator node, as well as support from experienced entrepreneurs in the field of fintech.

Call for proposal

H2020-FETOPEN-2018-2020

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Sub call

H2020-FETOPEN-2018-2019-2020-03

Coordinator

UNIVERSITAT ZURICH
Net EU contribution
€ 62 287,50
Address
RAMISTRASSE 71
8006 Zurich
Switzerland

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Region
Schweiz/Suisse/Svizzera Zürich Zürich
Activity type
Higher or Secondary Education Establishments
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Total cost
€ 62 287,50

Participants (2)