Context: why choose CRIF?

In 2015, United Nations member states adopted the Sustainable Development Goals (SDGs), and signatories to the Paris Agreement committed to limiting global warming. In response, the EU defined the European Green Deal, a roadmap to reducing emissions by 55% by 2030 and becoming a climate-neutral continent by 2050.

The financial sector is expected to finance the transition, the industrial sector is expected to implement it, and individuals are expected to adopt sustainable behaviors.

CRIF facilitates and accelerates this evolution by providing its technology, data and knowledge.

Covered industries

Icon BankingBanking Icon InsuranceInsurance Icon Telco BlueTelco & Media Bolt Light BlueEnergy & Utilities Icon Manufacturing BlueManifacturing Icon Services BlueServices

Solution details

ESG Bundle

The CRIF ESG bundle enables financial players to integrate the sustainability assessment into all their core processes.

The bundle consists of:

  • ESG Score: along with its components, it is a single-name indicator that measures the level of compliance with the ESG criteria suggested by the EBA, and is calculated for 100% of Italian companies;
  • ESG factors: the criteria used to calculate the ESG Score;
  • Physical risk: geographical-industry score for assessing the impact of physical risk;
  • GHG emissions: GHG Scope 1, 2 and 3 emission data and calculation methodology;
  • Transition risk: industry scores for the assessment of single-name and portfolio risk;
  • EU taxonomy: industry indicators on taxonomy alignment and eligibility;
  • Other Pillar III variables: flag for companies belonging to polluting sectors, excluded from the Paris Accords;
  • ESG raw data: +150 data sources used to autonomously build the ESG analytics.
Business People 12 400
Business People 20 400

Climate Risk Analytics Suite (CRAS) for climate change analysis

CRIF’s Climate Risk Analytics Suite allows analysis of the short- and long-term impacts of physical and transition risk on companies. 

ESG Analytics to improve sustainable behaviors

CRIF’s ESG Analytics are based on open data processed by machine learning techniques to evaluate all companies (including SMEs) and behaviors of individuals within the European Union: from the maximum level of granularity (ESG Data Lake) to full synthesis (ESG Scores).

Business People 14 400
Business People 13 400

ESG Consultancy

The CRIF ESG Consultancy team comprises certified ESG analysts, data scientists, and risk management and process consultants who help clients integrate ESG components into their framework (business model, internal control system, disclosure & reporting) and to define and implement a “green” action plan.

Key benefits

For companies

Accelerated transition to sustainability: by identifying the ESG profile, practical actions can be taken to reach ESG targets and the results achieved can be disclosed.

For financial institutions

Integration of ESG into the business model: comply with policies, risk management and disclosure requirements, to achieve sustainable finance targets and increase business.

For individuals

Increased understanding of how sustainable their behavior is to encourage changes to their consumption, investment and borrowing habits.

Success story

CLIENT

The TranspArEEnS (Mainstreaming Transparent Assessment of Energy Efficiency in Environmental Social Governance Ratings) project has received funding from the European Union’s Horizon 2020 research and innovation program (under the Grant Agreement n° 101033869). It is supervised by the European Commission and led by Ca’ Foscari University of Venice and brings together CRIF S.p.A, the EMF-ECBC, the Leibniz Institute for Financial Research SAFE and Modefinance srl.

NEED

TranspArEEnS aims to develop a qualitative-quantitative framework for the standardised collection and analysis of EE (Energy Efficiency) and ESG (Environmental Social Governance) information of Small and Medium-sized Enterprises and intends thus to enhance standardized disclosure of EE - ESG information, to foster access to long-term financing (e.g. via securitization) and better risk assessment, while taming the risk of greenwashing.

Achieving the EU2030 climate and energy targets requires massive additional investments and Energy Efficiency investments are considered an important tool for addressing climate change mitigation and adaptation. The EE-ESG evaluation developed by TranspArEEnS will make a key contribution to enhance disclosure of firms’ alignment to EU2030 objectives, the EU Taxonomy and ESG benchmarks, focusing on EE investments. Its attention to Small and Medium-sized Entreprises (SMEs) makes it of strategic relevance considering that 99% of all European companies are SMEs and thus the potential impact is very high.

SOLUTION

In this context, CRIF was the owner of designing a standardized qualitative framework capable of collecting, through questionnaires, the information of Italian SMEs about their EE activities and/or assets and ESG factors.

The structure of the questionnaires aims to capture the critical dimensions for alignment to the EU taxonomy and ESG disclosure and greenwashing prevention.

The Synesgy® platform (owned by CRIF) was used for the administration of the questionnaires in order to guarantee efficiency and transparency. To reach a significant market share, on the other hand, different channels were used (CRIF branch network, national trade associations, banks networks)

RESULTS

About 150 questions for companies to answer, in order to have an overall assessment of the ESG profile of companies. Each question is supported by a FAQ/Help section to simplify the user experience.

A few months after the start of the survey, the questionnaires were sent to more than 110 thousand companies, of which 18% collaborate with more than one leader who has joined the project. The activity is still ongoing and it is expected that the target can further increase significantly.

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