Bloomberg has launched MARS Climate, a new tool within its Multi-Asset Risk Management (MARS) suite, to help portfolio managers and investors assess and manage the financial risks associated with climate change. The tool is designed to aid in evaluating the impact of climate-related risks on portfolios and helping firms comply with regulatory reporting requirements. The launch of MARS Climate comes as regulators and central banks worldwide are increasingly asking financial institutions to assess their exposure to climate risks. The tool is backed by BloombergNEF’s Transition Risk Assessment Company (TRACT), which evaluates the financial impact of climate-related risks on company revenues and opportunities. Bloomberg’s Global Head of Risk Product, Dharrini Bala Gadiyaram, notes that portfolio managers are seeking to conduct climate risk analysis alongside financial risk assessments to manage risk and regulatory reporting. With MARS Climate, financial professionals can assess portfolio vulnerabilities and opportunities related to climate change, helping them make informed investment decisions and comply with regulatory requirements.
New technology from Bloomberg helps investors mitigate climate risk by providing a cutting-edge portfolio risk management solution
