Oracle Cloud Service Enables Banks To Manage Climate Change Risk Across Portfolios
Oracle News, Monday, April 22nd, 2024
With new Oracle Climate Change Analytics Cloud Service banks can calculate and assess the impact of emissions in their operations and those of the businesses they finance
Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions. To help banks better assess climate risk Oracle today announced Oracle Climate Change Analytics Cloud Service. With built-in AI, the new reporting and analytics solution is designed to help financial institutions understand financed emissions, address statutory compliance, and mitigate climate change-related risks.