Banks are facing increased pressure to understand and manage the risks associated with climate change and energy efficiency. In order to conduct climate risk stress tests, banks are required to classify their exposures by Energy Performance Certificate (EPC) rating. This process can be time-consuming and difficult to perform without access to accurate EPC data.
Ask Wire’s model provides indicative EPC scores to assist banks in conducting climate risk stress tests by providing accurate and up-to-date EPC data. The model can also be used to estimate EPC ratings where data is not available, and can be used in compliance with the methodology outlined by regulatory bodies.
Benefit / ROI
By using Ask Wire’s model, banks can effectively conduct climate risk stress tests, and better understand and manage the risks associated with climate change and energy efficiency. This can help them make more informed investment decisions and mitigate potential losses. Additionally, the model can assist banks in meeting regulatory requirements for EPC data reporting.