Climate X signs Triodos Bank
Climate X, a leading provider of climate risk analytics, has partnered with Triodos Bank, one of the world’s most influential pioneers in sustainable banking, to support the bank in meeting its regulatory obligations and enhancing climate resilience in its operations.
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Through this partnership, Climate X’s advanced analytics platforms, Spectra and Adapt, will be integrated into Triodos Bank’s risk management processes. This integration will enable the bank to meet compliance requirements while also providing its SME clients with tailored insights into climate risk exposure. These insights will not only bolster Triodos Bank’s position as a leader in sustainable finance but also offer SMEs actionable tools to strengthen their climate resilience.
Jeroen Pels, Group Director Commercial at Triodos Bank, said “Triodos Bank has always championed the transformative power of sustainable finance to foster positive change. Our partnership with Climate X is a natural extension of this philosophy. By integrating advanced climate analytics into our banking services, we are enhancing our ability to meet regulatory demands while simultaneously supporting our clients to better understand and respond to climate-related risks. This collaboration strengthens our commitment to driving positive environmental impact and supporting SMEs in their journey toward sustainability.”
Recent extreme weather events, such as the devastating floods in Spain and Italy, are stark reminders of the urgency to integrate climate resilience into every sector. By incorporating Climate X’s climate risk models into their services, Triodos Bank is taking decisive action to future-proof its services and enable its clients to navigate a world of growing climate uncertainty.
Lukky Ahmed, CEO & Co-Founder of Climate X, said “Our relationship with Triodos Bank underscores the power of data not just as a tool for compliance, but as a catalyst for transforming what is possible in finance. With the power of Spectra’s predictive hazard and financial risk models, Triodos Bank is enhancing its regulatory readiness while empowering its SME clients to make smarter, data-backed decisions. This approach not only drives regulatory excellence but also contributes to a more resilient economy and a more sustainable future.”