Synechron joins Green RWA network to gauge and manage climate-related financial risks

Synechron Inc., a digital consulting firm focused on the financial services industry, announced it has joined Green RWA, a non-profit network dedicated to develop tools to manage the long-term risks associated with climate change.

Synechron and Green RWA (Risk-Weighted Assets) are closely aligned in the belief that climate transition and industry evolution will require the entire financial community to work collaboratively.

“Sustainable finance has become a mainstream focus for the financial services industry worldwide. This includes enabling banks to develop solutions and methodologies to precisely gauge and best manage climate-related financial risks across various asset classes,” Rajul Mittal, Head of Sustainable Finance, Synechron, the Netherlands said.

It aims to extend its sustainable finance service beyond regulatory compliance and the transition to Environment, Social and Governance (ESG) standards, policies, and company requirements.

Fresh technologies and innovations will allow for Synechron’s financial enterprise clients to address the complex challenges of new climate risk factors and scarcity of data.

This will require banks and other financial institutions to optimize their climate risk capital budgets, utilize rigorous analysis, and collaborate to meet this goal.