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Synechron Joins Green RWA Network to Enable Financial Services Clients to Gauge and Manage Climate-related Financial Risks

Thursday, September 16, 2021 – New York, Toronto, Charlotte, London, Paris, Amsterdam, Dubai, Singapore, Hong Kong, Bangkok, Melbourne, Sydney, Auckland, Mumbai, Pune, Bangalore, and Hyderabad

Synechron, Inc., a leading digital consulting transformation firm focused exclusively on the financial services industry, today announced it has joined Green RWA, the acclaimed non-profit network dedicated to developing tools for financial institutions to manage the long-term risks associated with climate change.

Synechron and Green RWA are closely aligned in the belief that climate transition and industry evolution will require the entire financial community to work collaboratively. With this partnership, Synechron aims to extend its Sustainable Finance service offerings 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.

With climate change and its adverse impact being a key focus of various international forums and organizations including Organization for Economic Co-operation and Development (OECD), the expectation is for a renewed push to address the Net Zero Emissions goal by 2050. This will require banks and other financial institutions to optimize their climate risk capital budgets, utilize rigorous analysis and collaborate to meet this aggressive goal.

Established more than two years ago, and led by a team of experienced consultants, Synechron’s Sustainable Finance & ESG practice works to assist clients in accelerating their sustainability transition journey. Synechron serves as a Sustainable Finance change partner across the financial services industry globally. Looking at the key challenges in terms of ESG adoption across wide range of clients, Synechron has come out with two cutting edge and data science led platforms called the ESG Booster and ESG Navigator. ESG Booster serves the need of a wide spectrum of clients in terms ESG data visualization, portfolio analytics and works across multitude of ESG data providers. ESG Navigator on the other hand is a first of its kind ESG self-assessment tool targeted at mid-corporates and SME’s which can be used as a white label solution by variety of financial services market participants.

Rajul Mittal, Head of Sustainable Finance, Synechron, The Netherlands said about this partnership with Green RWA, “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. Green RWA’s Climate-extended Risk Model (CERM) framework will help Synechron assist financial enterprises in deploying climate metrics and related quantitative disclosures for better risk mitigation.” He added, “We are thrilled to partner with Green RWA for the benefit of our climate-aware financial services clients and address their needs for cutting-edge tools to optimize their climate strategies.”

Olivier Vinciguerra, Chairman & Co-founder of Green RWA said in announcing this partnership with Synechron, “We are delighted to have Synechron joining the association. Synechron is a well respected leader in the financial consulting industry globally and it is per se a recognition of our work. We are now looking forward to leveraging their skills and network to expand the Green RWA toolbox and awareness internationally. This is critical in such a global problem as the climate change that corporate finance can and should help solve.”

About Synechron

Synechron is a leading digital transformation consulting firm focused on the financial services industry and is working to Accelerate Digital initiatives for banks, asset managers, and insurance companies around the world. Synechron uniquely delivers these firms end-to-end Digital , Consulting and Technology capabilities with expertise in wholesale banking, wealth management and insurance, as well as emerging technologies like Blockchain, Artificial Intelligence, and Data Science. Based in New York, the company has 22 offices around the globe, with over 11,000 employees, producing 650M+ in annual revenue. For more information, please visit our website or LinkedIn community. See more about our Sustainable Finance practice and full array of targeted services here.

About Green RWA

Green RWA (Risk-Weighted Assets) is a non-profit association rooted in the belief that climate transition will require the entire financial community to work in conjunction. OECD countries have pledged to successfully achieve Net Zero Emissions by 2050 and require banks to accelerate the green transition. Green RWA is committed to this goal by working with financial institutions to optimize their climate risk capital budget. Rigorous analysis and open collaboration as well as employing open financial modelling can help institutions meet this goal. Green RWA’s reach is global and members span from Tokyo to Paris to the U.S. West Coast, reflecting the necessity for a global and coordinated action in the fight against climate change. For more information visit www.greenrwa.org.

For more information contact:

Atul Tajave

Director-Global Marketing & Communication, Synechron

Media@Synechron.com

Olivier Vinciguerra

Chair, Green RWA

Olivier@greenrwa.co.uk

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