Bloomberg has announced the launch of MARS Climate, designed to assist investors assess their exposure to climate risk.

MARS Climate assesses, quantifies and manages climate risk and opportunities across a portfolios. Users can analyse climate scenarios based on different integrated assessment models, consistent with the framework set forth by the Network for Greening Financial System (NGFS).

MARS Climate’s transition risk model is powered by BloombergNEF’s Transition Risk Assessment Company Tool which projects company revenue risk. It combines companies’ activities, supply chain exposure and regional footprint under different NGFS climate scenarios.

Dharrini Bala Gadiyaram, Global Head of Risk Product at Bloomberg said, “Portfolio and risk managers increasingly look to perform climate risk analysis alongside other financial risk assessments to manage risk and regulatory reporting. As we continue to expand our climate risk solutions across Bloomberg, the latest addition to our widely used risk management offering, MARS Climate, will enable users to assess portfolio vulnerabilities and opportunities related to climate change.”

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