Bloomberg has launched a new module, MARS Climate, as part of its Multi-Asset Risk Management (MARS) suite. This new feature helps portfolio and risk managers analyze the financial impacts of climate change on investment portfolios, enabling them to better manage climate-related risks and aligned with regulatory requirements. The MARS Climate module uses BloombergNEF’s Transition Risk Assessment Company Tool (TRACT) to evaluate portfolios against multiple climate scenarios, providing transparent financial impact reports that categorize risks into physical, acute, chronic, and transition risks. This tool is accessible through the Bloomberg Terminal, allowing for easy integration with other sustainable finance tools. The launch of MARS Climate responds to regulatory pressure on financial firms to evaluate climate-related risks and meet compliance requirements, while also identifying new opportunities in the transition to a greener economy. The module is designed to support firms in their efforts to manage climate risks and improve their risk reporting, ultimately helping them stay ahead of the curve in the rapidly changing financial landscape.
Bloomberg Expands Its Sustainability Efforts with MARS Climate, a New Tool for Investors to Analyze the Financial Risks of Climate Change
