Metria Joins Credit Association to Enhance Climate Risk Assessment

Climate-related risks are playing an increasing role in credit assessments. For banks and credit institutions, this means an increased need to understand how physical climate risks - such as flooding, landslides and erosion - affect properties and collateral, both in the short and long term.

Against this backdrop, Metria has become a member of Kreditföreningen.

We see a clear trend where climate risk and geodata are becoming an integral part of credit risk assessments. Through our membership in the Credit Association, we want to get closer to the banking and finance industry and contribute with our expertise in geographic analysis and real estate data," says Mikael Carlestål, Key Account Manager, Banking & Insurance.

Increased need for data-driven credit decisions

Regulatory requirements and increased expectations for sustainable risk management are driving the development towards more data-driven credit processes. Making accurate credit assessments requires access to reliable data - but also the ability to analyze it in a geographical context.

This is where geodata plays a key role. By combining climate data, geographic information and real estate data, banks can get a more detailed picture of risk exposure in their credit portfolios.

Geodata to support credit risk analysis

Metria has extensive experience in developing analysis and decision support based on geodata. In the field of credit, this involves, among other things,:

• identifying exposure to climate risks at the property level
• analyzing geographical risk patterns in portfolios
• integrating geodata into credit risk models and decision-making processes

Membership of the Swedish Credit Union provides us with an important platform for knowledge exchange and dialog with banks and other stakeholders. It strengthens our ability to develop solutions that meet the industry's need for better data for credit decisions," says Mikael Carlestål, Key Account Manager, Bank & Insurance.

A more robust and future-proof credit market

By being an active part of the Swedish Credit Union's network, Metria wants to contribute to the development of a more data-driven, transparent and future-proof credit market - where climate risks are managed in a structured and business-critical way.

About Kreditföreningen

About Metria

Metria are experts in real estate information and geographic data. We offer digital solutions and services in GIS, remote sensing, geodata, real estate information.