Climate Risk Impact Screening (CRIS) is a method developed for financial service providers to assess the exposure of their portfolio to climate-related physical risks.&nbsp; This method, designed to flag potential risks and inform investment strategy, is a function of location-specific climate hazards and sector-specific vulnerability.

CRIS_Guidebook_Publicversion_November_2017.pdf

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Discover CRIS 

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Download the methodological guide 

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Our latest Climate Risk Impact Screening methodological guide

Climate Risk Impact Screening (CRIS) is a method developed for financial service providers to assess the exposure of their portfolio to climate-related physical risks. This method, designed to flag potential risks and inform investment strategy, is a function of location-specific climate hazards and sector-specific vulnerability.

Our methodology is based on geographic and sectorial breakdowns of each company’s activity, resulting in an in-depth assessment of portfolio’s physical vulnerability to climate change.


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Combining Climate Hazards & Vulnerability Profile

 Our methodology uses a sector specific value-chain vulnerability assessment, enabling comprehensive risk assessment at entity level.


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Value chain approach

The three IPCC scenarios used, which describe GHG emissions trajectories and their respective global warming levels (low, moderate and high), are universally recognized and provide a consistent foundation for scenario testing. 


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Science-based methodology, based on IPCC Scenarios

At entity level, ratings calculated for each activity and geographic region are then aggregated in order to quickly identify the differences in risks incurred by companies. At portfolio level, scores of each underlying entity are ultimately aggregated, helping to understand and manage the portfolio's level of risk.


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Physical risk rating at entity & portfolio level

We align with leading frameworks (TCFD, article 29).


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Compliant with highest ESG reporting standards

As well as the savoir-faire of Carbone 4, a leading French low carbon strategy consulting firm, with a confirmed expertise in physical risks and climate adaptation.


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Leveraging on a team of 20+ climate data analysts

We ensure you handle perfectly our solution thanks to a technical training provided by a dedicated analyst. 


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Technical support and physical risks data training 

Extending climate reporting to adaptation and physical risks, enabling risk management and dialogue engagement with the underlying assets.


holistic solution for resilience investment

Physical Risks Screening

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Physical Risks Level Against Benchmark    

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Risk Management at Portfolio Level   

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Sectoral Contribution to Physical Risks

Giving you an at-a-glance overview of your portfolio performance to navigate risk and identify opportunities, while meeting reporting standards. 

powerful analytics platform

CLEAR AND EFFECTIVE VISUALS

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Physical Risks

Carbon4 Finance is pleased to announce the establishment of its Scientific Committee. The group of financial and climate change experts will convene three times per year to provide insight and perspective on Carbon4 Finance’s methodologies for assessing the climate change risks associated with investment portfolios and loan books and to reinforce the group’s distinction for developing innovative and technically robust carbon assessment methods.The Committee is composed of eight experts from diverse backgrounds :&nbsp;&nbsp;<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/5ce568db8217ef0aeb711730.jpg"></figure>Orith&nbsp;Azoulay is the Global Head of Green &amp; Sustainable Finance at <a target="_blank" rel="noopener noreferrer" href="https://www.natixis.com/natixis/jcms/tki_5083/en/corporate-investment-banking">Natixis Corporate&nbsp;&amp; Investment Banking</a> division. She started her career in 2000 at JP Morgan Chase in London as an Equity Analyst. Following working for French think tank ORSE (Observatoire&nbsp;de la RSE – Observatory for Corporate Social Responsibility), in 2003, she joined Groupama Asset Management as a senior SRI analyst, where she created and led their socially responsible investment (SRI) research practice. She joined Natixis in 2008 to create and lead the SRI sell-side Research team and was appointed in 2017 to create and lead the Natixis CIB Green &amp; Sustainable Finance Hub, (from green &amp; sustainable financing to investment solutions &amp; advisory).<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/images.jpg"></figure>Francois-Marie Bréon is a climate researcher and Deputy Director of the <a target="_blank" rel="noopener noreferrer" href="https://www.lsce.ipsl.fr/">Laboratoire des Sciences du Climat et de l’Environnement</a>, a joint research unit of CEA, CNRS, and Université de Versailles St Quentin.&nbsp; He was involved in writing the fifth IPCC report. In addition to his research work, he is involved in the public debate on climate and energy. François-Marie is a graduate from Ecole Normale Supérieure de Paris (1984).<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/index.jpg"></figure>Philippe Brossard graduated from Ecole Normale Supérieure and is a professor of social and economic sciences. He started his career with the French Treasury as a delegate for monetary policy, before heading up the supervision of publicly owned companies in the Energy Sector. He then managed international teams of economists and financial analysts for Credit Lyonnais, ABN AMRO, Fortis, and Euler Hermes. He is currently Chief Economist at <a target="_blank" rel="noopener noreferrer" href="https://www.ag2rlamondiale.fr/">AG2R LA MONDIALE</a>, a French insurance company with over 100 billion euros in assets.<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/index2.jpg"></figure>Dr Ben Caldecott is the founding Director of the&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.smithschool.ox.ac.uk/research/sustainable-finance/">Oxford Sustainable Finance Programme</a>. He is an Associate Professor and Senior Research Fellow at the University of Oxford Smith School of Enterprise and the Environment, a Visiting Researcher at The Alan Turing Institute, and a Visiting Scholar at Stanford University. Ben is also Senior Advisor to the Chair and CEO of the&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.greenfinanceinstitute.co.uk/">UK Green Finance Institute</a>&nbsp;(GFI) and a Policy Associate at the UK’s Department for Environment, Food and Rural Affairs (DEFRA), where he is a Director-level secondee in the Strategy Directorate, providing advice on a range of policy issues.<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/JMJ_IMG_0395.JPG"></figure>Jean-Marc Jancovici is a founding partner of Carbone 4, a Paris based consultancy and data services company specializing in the low-carbon transition (<a target="_blank" rel="noopener noreferrer" href="http://www.carbone4.com/">www.carbone4.com</a>). He is the founder and president of The Shift Project, a Paris-based think tank on the low-carbon economy (<a target="_blank" rel="noopener noreferrer" href="http://www.theshiftproject.org">www.theshiftproject.org</a>). Jean-Marc is also an associate professor at Mines ParisTech and a member of the French High Council for the Climate. Jean-Marc is a graduate of Ecole Polytechnique and Telecom Paris.`<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/Mark_2_B_Lewis_2_B_Photo.jpg"></figure>Mark Lewis is Global Head of Sustainability Research at <a target="_blank" rel="noopener noreferrer" href="https://www.bnpparibas-am.com/fr/">BNP Paribas Asset Management</a>, having joined in January 2019. Previously, he was Managing Director and Head of Research at the Carbon Tracker Initiative (April-December 2018), Managing Director and Head of European Utilities Research at Barclays (2015-18), Chief Energy Economist at Kepler Cheuvreux (2014-15), and Managing Director and Global Head of Energy Research at Deutsche Bank (2005-13). He has also been a member of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures since May 2016. Mark holds a BA (First-Class Hons) in Modern Languages and Economics from Sheffield University, an MPhil from Cambridge University, and an MA from London University.<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/index3.jpg"></figure>Lionel Martellini is a Professor of Finance at <a target="_blank" rel="noopener noreferrer" href="https://www.edhec.edu/fr">EDHEC Business School</a> and the Director of <a target="_blank" rel="noopener noreferrer" href="https://risk.edhec.edu/">EDHEC-Risk Institute</a>. He is a former member of the faculty at the Marshall School of Business, University of Southern California, and has also taught at U.C. Berkeley and at Princeton University. Professor Martellini holds Master’s degrees in management (ESCP Europe), economics and statistics (ENSAE), pure mathematics (Paris 6 University), probability and stochastic processes (Paris 6 University), as well as a PhD in finance from the Haas School of Business, University of California at Berkeley. He also completed a PhD in Relativistic Astrophysics (University Côte d’Azur) and is a member of the LIGO/Virgo international collaboration for the observation of gravitational waves. Professor Martellini is a member of the editorial board of The Journal of Portfolio Management, The Journal of Alternative Investments, and The Journal of Retirement.<figure class="image"><img src="https://strapipreprod.s3.eu-west-3.amazonaws.com/index4.jpg"></figure>Ladislas Smia is Co-Head of Responsible Investment Research at <a target="_blank" rel="noopener noreferrer" href="https://www.mirova.com/en">Mirova</a> where he manages a team of ESG assessment analysts and has published a number of research papers on sustainable development issues. Before joining Mirova in 2010, Ladislas was a sustainability consultant at PwC. He holds an MSc in Sustainability and Social Innovation from HEC Paris and a Master’s in engineering from Ecole Nationale Supérieure des Mines de Nancy.<figure class="image"><img src="http://www.carbon4finance.com/wp-content/uploads/2020/03/Lionel-Martellini-1-e1583140686528-300x280.jpg" alt="" srcset="http://www.carbon4finance.com/wp-content/uploads/2020/03/Lionel-Martellini-1-e1583140686528-300x280.jpg 300w, http://www.carbon4finance.com/wp-content/uploads/2020/03/Lionel-Martellini-1-e1583140686528-768x717.jpg 768w, http://www.carbon4finance.com/wp-content/uploads/2020/03/Lionel-Martellini-1-e1583140686528-1024x955.jpg 1024w, http://www.carbon4finance.com/wp-content/uploads/2020/03/Lionel-Martellini-1-e1583140686528-600x560.jpg 600w, http://www.carbon4finance.com/wp-content/uploads/2020/03/Lionel-Martellini-1-e1583140686528.jpg 1568w" sizes="100vw" width="225"></figure>&nbsp;

Carbon4 Finance’s Scientific Committee

increase in average temperature, sea level rise, as well as changes in: heatwaves, drought extremes, intensity or frequency rainfall extremes, rainfall patterns, intensity or frequency of storms


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7 direct hazards  

biodiversity migration and loss, air quality degradation, urban heat island intensification, water scarcity, wildfires, floods (river & groundwater flood), landslides and mass movements, coastal floods, coastal erosion


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9 risk-aggravating factors

exposure to physical risk is assessed at the company’s sub-activities level for a total of 60+ different sub-sectors and more than 210 countries and 8 different regions of activity


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Geographical approach based on revenues

3 projections: low - below 3°C (RCP 4.5) , moderate - above 3°C (RCP 6) and above - 4°C (RCP 8.5)  & 2 time horizons: 2050 & 2100

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3 IPCC scenarios, 2 time horizons

Combining location-specific climate hazards and sector-specific vulnerability, we provide granular data for you to leverage on, enabling precise physical risks reporting and informing your investment strategy.


multi-dimensional approach 

Comprehensive risk rating

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5,000+ entities, 112 000+ securities

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60+ sectors and 210 countries

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Asset classes: Listed corporates (equities & bonds),Sovereign bonds, Loans

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Bespoke analysis upon request  

We cover most asset classes (Listed corporates, Sovereign bonds, Loans), leveraging on a comprehensive methodology which encompasses 60+ sectors & 210 countries.


100,000+ securities analyzed 

GLOBAL COVERAGE

Physical  

Risks

Carbon Impact Analytics (CIA) is a methodology for assessing the full climate impact of portfolios through bottom-up measurement of greenhouse gas (GHG) emissions directly and indirectly induced and saved.The method also provides an assessment of the alignment of investor and lender portfolios with a climate-focused strategy.What’s new?For readers already familiar with the latest edition of the CIA methodological guide (2018), here are the main changes we’ve made to our methodology:<ul><li>Company overall rating: In addition to current and forward-looking performance, we also consider the past performance of the company to calculate its overall rating. It now ranges from 1 (best) to 15 (worst).</li><li>Forward-looking qualitative grid: We’ve added a 5th criterion: governance of climate-related risks and opportunities. We also consider the two major activities of the company when conducting the forward-looking analysis.</li><li>Temperature alignment: Alignment is now based on the overall rating ranging from 1 to 15, thus alignment formula was reviewed. As the CIA methodology covers more and more sectors, the dataset used to proxy the world economy grows bigger, thus refining the alignment methodology.</li><li>Portfolio treatment: We now retreat multiple accounting between private (corporate) and public (sovereign) economic sector as well. See methodological guide for more precision</li></ul>

Carbon4 Finance - CIA short version.pdf

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Discover CIA

Download the short version of the methodological guide

Ask the complete version of the methodological guide (50 pages)  

Our latest Carbon Impact Analytics methodological guide

We provide a comprehensive database of carbon footprints based on our Carbon Impact Analytics (CIA) methodology, thus measuring contribution to the transition towards a low-carbon economy, and the inherent exposure to transition risks. Precise metrics enhance investment decisions, climate risk management, alignment with the low carbon transition and sustainable finance reporting.


In addition to induced emissions, we calculate emissions savings - which comprise reduced emissions based on process efficiency improvement over several years, and avoided emissions resulting from the company’s activities or products.


Carbon footprint (Scope 1, 2 & 3 ) and emissions savings

Quantitative and qualitative analysis, based on physical flows and climate change strategy, relying on public corporate information. To ensure reliable results, each company is assessed by a climate data analyst, then reviewed by a sectoral expert.


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Holistic view on a company’s performance

Developed by in-house experts, our sectoral methodologies are designed to best capture climate leaders and laggards at industry level.


Proprietary sector specific methodologies

Assessment of climate change strategy (including GHG reduction targets) using IEA’s transition scenarios.


Science-based forward-looking analysis

As well as the savoir-faire of Carbone 4, a leading French low carbon strategy consulting firm.


Avoiding emissions double-counting at multiple levels: along the value chain, and at corporate and sovereign levels


Portfolio level aggregation of emissions 

We are designed to align with leading frameworks (TCFD, SBTi), standards (CBI, GBP) and regulations (Taxonomy, SFDR, EU GBS)


Each user has a dedicated analyst to ensure a good use and understanding of our data and solutions.


Technical support and climate data training 

Based on a proven transition risk methodology, our comprehensive climate data solutions enable investment strategies for the low-carbon transition.


CLIMATE DECISION MAKING 

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Portfolio Temperature & Paris Agreement Alignement   

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Carbon Footprint: Scope 1, 2 & 3 emissions, and emissions savings

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Benchmark against Indices  

Identifying Risks and Opportunities at Portfolio Level

Giving you an at-a-glance overview of your portfolio performance to navigate risk and identify opportunities, while meeting reporting standards.



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Carbon Data & Transition Risks

Siècle Digital - GoodVest, la Fintech française qui permet aux particuliers d’investir de manière responsable

B Smart - Quelle est l’empreinte carbone de vos investissements ?

Ozé - Rendre la finance compatible avec un monde à +1,5°C

Carbone 4 note les entreprises pour verdir les actifs des banques

SPHERE - Décarboner ses portefeuilles : mode d’emploi

Les Echos - Rapports ESG : un aiguillon pour les sociétés de gestion 

GHG protocol compliant, and using value chain approach, designed to avoid double counting.


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Portfolio Temperature Alignment

GHG protocol compliant, and using value chain approach, designed to avoid double counting.



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Scope 1, 2 & 3 induced emissions 

reduced emissions, based on process efficiency improvement over a long period & avoided emissions resulting from the company’s activities and products.


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Scope 1, 2 & 3 emissions savings

From carbon intensity (tCO2e/EURm of turnover) to investment footprint (tCO2e/EURm invested).


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Various carbon intensities

as well as sector specific indicators such as fossil reserves, electricity production by type, etc.


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Green, brown (coal) & fossil share 

individual qualitative forward-looking assessment on climate strategy



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Forward-looking assessment

Our metrics comply with industry highest standards. We provide granular data for you to leverage on, enabling precise climate reporting and supporting your alignment with the low-carbon transition.


insightful metrics

IMPACTFUL DATA

: 10,000+ entities & 123,000+ instruments analyzed 

Global coverage

: Listed corporates (equities & bonds),Sovereign bonds, Green bonds, Loans

Asset classes

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60+ Sectoral Methodologies

Bespoke analysis upon request

We cover most asset classes (Listed corporates, Sovereign bonds, Green bonds, Loans), leveraging on a comprehensive methodology which encompasses 60+ sectors. 


100,000+ instruments analyzed

Carbon Data 

Transition Risks

Biodiversity Impact Analytics powered by the Global Biodiversity Score™ (BIA-GBS) allows to measure the biodiversity impact of companies. Investors can identify biodiversity hotspots in their portfolios and use biodiversity impact data for decision making and to engage with key stakeholders. By offering large-scale biodiversity data, BIA-GBS™ supports the transition of the financial sector to align with international targets and reduce the impact from multiple pressures on biodiversity, including Climate Change.<a href="https://carbon4-finance-app-git-trunk-koji-sas.vercel.app/contact?interest=biodiversity-impacts"> &nbsp;</a>

BIA_Launch_Presentation.pdf

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Discover BIA-GBS 

Discover the presentation of  BIA-GBS  

Contact us for the complete guide of BIA-GBS  

BIA-GBS Presentation

The Biodiversity Impact Analytics powered by the Global Biodiversity Score™ (BIA-GBS) allows to measure the biodiversity impact of companies. Investors can identify biodiversity hotspots in their portfolios and use biodiversity impact data for decision making and to engage with key stakeholders. By offering large-scale biodiversity data, BIA-GBS™ supports the transition of the financial sector to align with international targets and reduce the impact from multiple pressures on biodiversity, including Climate Change.


CDC Biodiversité is a private subsidiary of the Caisse des Depôts Group, the largest French public financial institution. Besides having a history as a biodiversity offset operator, CDC Biodiversité is involved in a leading biodiversity institution, focusing on biodiversity economics, biodiversity financing mechanisms and natural capital. CDC Biodiversité expertise and Carbon4 Finance climate data naturally complement each other. 

CDC Biodiversité Partnership : Climate and Biodiversity expertise combined

The Global Biodiversity Score (GBS™), an industry-leading tool
The Global Biodiversity Score (GBS™) is a tool to measure the biodiversity impact of companies, linking economic activities and major pressures on biodiversity, to offer a clear and integrated vision of the biodiversity impact of companies and investments throughout their value chain. 


Biodiversity impact metrics on portfolio and company level Biodiversity footprint (Scope 1, 2 and 3) calculations using different, meaningful and comprehensible units. 

 Biodiversity footprint (Scope 1, 2 and 3) calculations using different, meaningful and comprehensible units. 

Biodiversity impact metrics on portfolio and company level

BIA-GBS™ helps you identify critical biodiversity hotspots, such as areas, sectors, companies or specific pressures that drive the biodiversity impact of your portfolio.

Risk management: flag potential biodiversity hotspots 

BIA-GBS™ is compliant with leading regulatory standards such as article 29 of the French energy and climate law. It is designed to align with upcoming requirements of the Taskforce on Nature-related Financial Disclosure (TNFD).

Training by the GBS™ team, to improve your understanding of the BIA-GBS™ methodology. A dedicated team of more than 20 analysts will provide you technical support and biodiversity data training to help you understand results and take actions.

Technical support and biodiversity data training 

Key features

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Portfolio Biodiversity Impact Key Indicators

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Portfolio Biodiversity Impact by Pressure

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Sectoral Contribution to Biodiversity Impact

Giving you an at-a-glance overview of your portfolio performance to navigate risk and identify opportunities, while meeting reporting standards. 


Jean-Yves Wilmotte

Education

Areas of expertise

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