agriculture ESG risks and compliance reporting

Client 

A major commercial bank in the United Kingdom was looking for a solution to aid in complex climate compliance reporting for the EU Taxonomy and Taskforce on Nature-related Financial Disclosures (TNFD). They needed to support their customers’ own climate and nature data collection.

 

Business Needs

In the face of increasing climate-related challenges, a leading commercial bank in the UK found itself grappling with the need to comprehensively assess and manage climate risks across its diverse portfolio, particularly concerning its agriculture customers. The evolving regulatory landscape, including the EU Taxonomy and the Taskforce on Nature-related Financial Disclosures (TNFD), added complexity to the bank’s climate reporting obligations. Traditional methods of data collection fell short in providing the nuanced insights required to meet these regulatory demands and support customers in understanding and mitigating climate-related risks.

 

Business Problem 

The bank’s existing tools and processes lacked the sophistication required to capture granular climate-related data points. With climate change impacting agriculture in unpredictable ways, the need for real-time, field-specific insights became paramount. The challenges of flood, drought, fire, and biodiversity risks demanded a solution that went beyond standard risk assessment models. Without a robust system, the bank risked regulatory non-compliance, suboptimal support for its customers, and an incomplete understanding of the climate challenges faced by the agriculture sector.

 

GreenFi Solution 

GreenFi stepped in with a cutting-edge technology solution powered by AI and geospatial data. Leveraging the capabilities of its ESG AI solution, GreenFi enabled the bank to conduct a comprehensive climate risk assessment for its agriculture customers. The geospatial technology provided new dimensions to data, offering insights at a field-specific level. This allowed the bank to meet its reporting obligations under the EU Taxonomy and TNFD while empowering farmers with a tailored understanding of climate challenges specific to their locations.

The interactive dashboard provided by GreenFi’s ESG AI solution became the focal point for the bank’s ESG journey. The end-to-end utilization encompassed the integration of global data, risk modeling, federated recommendation libraries, resource optimization, and ongoing impact monitoring. The bank now had a powerful tool at its disposal, enabling it to navigate the complexities of climate risk assessment with precision and ease.

 

Business Benefits 

This case study highlights immediate benefits for the UK bank and signals transformative potential for financial institutions worldwide. 

GreenFi’s ESG AI solution addresses global challenges. It enables institutions to shift to zero-emission energy, access sustainable capital markets, scale sustainable products, accelerate regenerative agriculture, and decarbonize digital business models. Leveraging AI, geospatial data, and an interactive dashboard, GreenFi offers holistic solutions to environmental, social, and governance challenges. 

 

For more on how GreenFi can address your business needs, email us at  hello@greenfi.ai