UK consultancy Broadstone has partnered with technology provider Ortec Finance to integrate climate scenario modelling into its ESG advisory capabilities for asset owners. In a press release, Broadstone said that this would allow clients to gain a better insight into the impact that climate change could have on their investment portfolios. “Climate change has the potential to cause significant economic disruption and asset owners will need to assess the financial impact from potential economic scenarios, and their impact on the environment,” said Deon Dreyer, Investment Director at Broadstone. Maurits van Joolingen, Managing Director, Climate Scenarios & Sustainability at Ortec Finance, added: “We are excited to be working with Broadstone to help their clients better understand the financial impacts of climate change under a range of plausible futures, while also enabling them to manage associated risks and identify opportunities.” Broadstone supports a wide range of asset owners, including life insurers, non-life insurers, defined benefit pension schemes and defined contribution pension schemes and banks. It also offers services to banks and asset managers.
