8 September, London, United Kingdom – Leading climate solutions provider and project developer South Pole today launched its new practice for sustainable finance in response to the urgent need to dramatically scale up financing for climate action and in line with its engagement in the Taskforce on Scaling Voluntary Carbon Markets.
Clients and partners can leverage this new practice to implement the Task force on Climate-related Financial Disclosures (TCFD), carry out Sustainable Development Goal (SDG) impact assessments for financial products, and seamlessly navigate the process of setting Net Zero commitments.
Financial sector executives across the globe are recognising climate-related risks and opportunities as key to their continued success. To effectively integrate such considerations into long-term financial decisions and to achieve their ambitious climate claims, the industry urgently requires a new set of skills and reliable data.
"The transition to a zero emissions future comes with great opportunities. And our team should know: we've been on the cutting edge of the climate-smart financial services market for well over a decade! With the right tools and advice, investors and companies – from banks and asset managers to insurers and private equity firms – can successfully prepare for this transition and mitigate risks," says Renat Heuberger, South Pole CEO.
Building on more than a decade of developing climate-smart financial solutions, South Pole is now offering the financial services sector a unique combination of environmental data and expert advice to execute sustainability commitments and to tap into business opportunities.
"Transparency and credibility are becoming 'make or break' issues for the financial sector. Are financial institutions truly aware of the financial risks and opportunities they are facing? Is the industry moving quickly enough? We can help leaders in the financial industry effectively navigate the ever-changing landscape of sustainable finance, identify and use credible metrics to measure impact, and communicate that impact transparently to stakeholders," says Rebecca Self, Director of Sustainable Finance at South Pole.
To date, South Pole has worked with over 200 investors and corporates on issues including TCFD recommended activities, CDP disclosures and supply chain risk assessments, and screened over Eur 2 trillion of investments for climate-related risks. South Pole has successfully helped pioneering asset managers, institutional investors and financial industry experts such as McKinsey & Co, Affirmative Investment Management, and Candriam to integrate data and analysis on climate risks and opportunities into investment and disclosure strategies.
Note to editors
Find out more about South Pole's Sustainable Finance Platform here.
Isabel Hagbrink, Director of Communications
About South Pole
South Pole is a leading advisor and provider of global climate action services, with over 350 experts in 18 global offices. South Pole helps companies, capital markets, and the public sector reduce their impact on the climate while mitigating risk and creating value. South Pole is a science-based company and its expertise covers project finance, data collection, and climate risk analysis, as well as the development of environmental commodities, such as carbon and renewable energy credits. South Pole has mobilised climate finance to over 700 projects that reduce greenhouse gas emissions in areas such as renewable energy, energy efficiency and sustainable land use. For more information, visit www.southpole.com or follow us on LinkedIn, Twitter, and Facebook.