The goal of this collaboration is to assist financial institutions in efficiently evaluating and disclosing financial risks associated with climate change.

The alliance was formed in response to the growing need for financial institutions to handle possibilities and risks related to climate change when making lending and investment decisions. It provides tools for more precise risk assessment, tracking, and reporting on climate-related financial hazards. Financial institutions are now placing a lot of emphasis on financed emissions, but it is still difficult and expensive to guarantee optimal practices and compliance with industry norms.

The ESG Book is well-known for its comprehensive sustainability data, which covers Scope 1, Scope 2, and Scope 3 emissions and contains reported and projected emissions data for more than 40,000 firms worldwide. In contrast, Zfolio is an expert in estimating funded emissions for a range of asset types, including project finance, real estate, infrastructure, and auto loans. Their software matches bonds and stocks with particular firm information using more than 45 million common identifiers.

With a few clicks thanks to this partnership, customers may quickly and easily undertake comprehensive funded emissions estimates on their portfolios. High quality and efficiency are ensured by the findings, which contain comprehensive emissions breakdowns and are in compliance with the most recent international regulatory standards.

To further improve the scope and precision of the emissions management process, the system also contains data on over four million private enterprises and emission characteristics relevant to each nation.

"Given the complexities of calculating financed emissions, financial institutions are increasingly turning to advanced tools that can achieve greater accuracy and efficiency in meeting climate transition goals," stated Maria Mähl, Head of US Client Solutions at ESG Book, underscoring the partnership's strategic advantage. We are thrilled to provide customers with the industry-leading solution to meet their portfolio emissions needs thanks to our recent agreement with Zfolio.

The collaboration's strength was also emphasized by Zfolio CEO and founder Peter Howard: "Asset managers of any size can get the most accurate financed emissions calculations easily and efficiently from a single source across all asset classes by combining the quality and breadth of ESG Book data with Zfolio's technology." There isn't a platform like it on the market.