This partnership between BNP Paribas and Baringa will help develop standards for integrating climate scenario analysis within one of the largest banking institutions in the world. Building an integrated climate scenario analysis capacity will bring an additional goal-oriented and data-driven approach to climate strategy and commitments, climate risk management, client engagement and reporting. internal and external.

Marc Irubetagoyena, Head of Group Stress Testing and Performance, Planning and Synthesis at BNPP, said: “This is an important step for BNPP in the development and effective implementation of our climate risk management framework across our organization. Baringa is playing a leading role in supporting the service sector financial partners at the global level to develop their climate strategies and ensure that they are credible and factual. This partnership will help lay the foundations for the implementation of BNPP’s climate scenario analysis. “

Antoine Bezat, Head of stress testing methodologies and models at BNPP, said: “Climate scenario analysis is an essential strategic capability for BNPP. We are delighted to work with Baringa, who are great experts in this field. They bring 20 years of experience in modeling energy systems and climate transition. , as well as their experience as leaders in the field of deploying climate strategies in several of the largest banks in the world.

“Baringa’s climate scenario model is distinguished by the breadth of its sector and asset coverage, the integration of transition and physical risk, and the ability to provide risk metrics down to the asset level. individual. The modular and customizable nature of the solution will allow us to develop our own climate scenario and risk framework over time, based on BNPP’s specific needs “

Colin Preston, Head of Financial Services and Climate Change Sector at Baringa, says “We are delighted to be working with BNPP – as one of the world’s largest banks and an organization recognized for its commitment to sustainability and climate. We will help BNPP accelerate and integrate practical and usable climate analyzes. throughout its organization, feeding into its climate strategy, and into all key decision-making and reporting. It will pave the way for others to follow in the industry. “

For more information, please contact:

Liam McGrory
Baringa Partners
E-mail: [email protected]

About Baringa’s Award-Winning Climate Change Scenario Model^TM

• The only fully integrated climate scenario model, bringing together transition and physical risk as well as alignment of climate risk and temperature measured at individual asset level
• Configurable from the construction of the scenario to the integration of assessments of transition and adaptation strategies at the level of the individual company
• Zoomable, from holistic portfolio views to granular analysis of individual companies and unique physical assets
• Comprehensive global coverage of all sectors and asset classes

For more information visit www.baringa.com/climaterisk

About BNP Paribas
BNP Paribas is a leading bank in Europe with international reach. It is present in 72 countries, with more than 202,000 employees, including more than 154,000 in Europe. The Group occupies key positions in its three main activities: Domestic Markets and International Financial Services (whose retail banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: businesses and institutions. investors. The Group supports all of its clients (individuals, community associations, entrepreneurs, SMEs, companies and institutional clients) in carrying out their projects through solutions covering the financing, investment, savings and insurance of foresight. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer credit. BNP Paribas is deploying its integrated retail banking model in Mediterranean countries, in turkey, in Eastern Europe and a large network in the western part of United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also occupies leading positions in Europe, a strong presence in the Americas as well as a solid and fast-growing activity Asia Pacific.

About Baringa Partners
Baringa Partners is an independent business and technology consultancy firm. We help businesses operate more efficiently, navigate industry changes and reach new markets. We use our industry knowledge, ideas and pragmatism to help every client improve their business. Collaboration is at the heart of our strategy and our culture to attract the brightest and the best. And that’s why customers love to work with us.

Baringa was launched in 2000 and now has over 700 staff and over 65 partners in our practice areas Energy and Resources, Financial Services, Products and Services, and Government and Public Sector. These practices are supported by cross-industry teams focused on customer and digital; Finance, Risk and Compliance; Excellence of people; Supply chain and procurement; Data, Analytics and AI; Excellence in automation and intelligent operations; and technological transformation. We operate worldwide and have offices in the UK, Europe, Australia, WE, Middle East and Asia.

Baringa Partners was voted the leading management consulting firm in the Financial Times UK Leading Management Consultants 2021 in the Energy, Utilities & the Environment, and Oil & Gas categories. We have been in the Top 10 for 13 years in the Small, Medium and Large category of Great Place to Work®’s UK Best Workplaces ™ list. We are one of the Top 50 Employers for Women and are recognized by the Best Employers for the Breed.

Baringa. Brighter together.

SOURCE Baringa Partners LLP

Related links

http://www.baringa.com/climaterisk