S&P Global Market Intelligence and Oliver Wyman launched a climate-linked credit analytics model, providing credit-risk assessments of companies under different scenarios.
The model aims to help financial institutions and corporations to assess how the transition to a low-carbon economy will impact on the creditworthiness of their counterparties, a news release said Tuesday.
The initiative brings together S&P Global Market Intelligence's credit analytics risk models and data, with managing consultant Oliver Wyman's climate scenario and stress-testing experience.
The models, which cover multiple sectors, will be released on a rolling basis through 2021.
"These intuitive models will provide an in-depth view of the drivers that will impact credit risk, giving our clients a new layer of climate-related assessment tools that help them form a holistic approach to assess credit risk," Whit McGraw, managing director and global head of credit risk solutions at S&P Global Market Intelligence, said in the release.