Insurer AXA Hong Kong and Macau (AXA) and tech and management consultancy Capco have partnered to offer a comprehensive climate-related risk management and reporting solution to financial institutions and other organizations in response to increasing mandatory environmental, social and governance reporting regulatory requirements.

The partnership, the companies say, represents a solution for corporates and firms across a range of industries that are looking to fulfil their climate disclosure obligations.

AXA’s expertise in property and casualty business, it says, uniquely positions it to provide climate risk models and tools, backed by its high-quality dataset and climate science expertise, for the assessment of physical climate risks. This is combined with Capco’s proven experience in helping clients build out their data-driven climate competencies.

The solution allows clients to comply with evolving regulatory requirements, build enterprise-wide climate competence and overcome the key challenges posed by the current fragmented climate data landscape.

James Arnett, Capco’s managing partner for Asia-Pacific, points out: “It’s key that institutions have the best tools at their disposal to navigate the more onerous compliance landscape we now see emerging with confidence and assurance.”