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1、1Climate Fintech35913 ContentClimate Fintech2Carbon Offsetting:BNP Paribas Case StudyCarbon Offsetting:Sylvera Case StudyWhat is Climate Fintech?Banking&Payments:Alipay x Ant ForestBanking&Payments:Ecolytiq x TomorrowBanking&Payments:Empowering BanksClimate Risk Analysis:Jupiter x US BanksClimate Ri

2、sk Analysis:Banking on Climate ResilienceESG Reporting:Square x WatershedESG Reporting:Emerging MandatesESG Reporting:BNP Paribas x Doconomy,Clarity AI,Mosaic4678 10111214 ESG Reporting:J.P.Morgan x OpenInvest15 ESG Reporting:Blockchain&Green Bonds16 Fintech&Sustainability Market MapClimate FintechA

3、 Comprehensive Forecast What is Climate Fintech?CARBON OFFSETTINGIn addition to direct measures,companies and consumers can use indirect measures-carbon offsets-to pay for carbon reduction projects to lower the impact of their carbon footprint.BANKING&PAYMENTSBanks and payments providers are uniquel

4、y positioned as intermediaries to support consumers,entrepreneurs and companies committed to tackling major climate issues.CLIMATE RISK ANALYSISWith advancement in IoT and AI,risks associated with climate change-rising sea levels,floods,wildfires,deforestation-can be easily be factored into calculat

5、ions and scenarios that influence capital-deployment decisions.ESG REPORTINGThere is an international effort to align climate monitoring and taxonomies between corporations and states that are collaborating to improve carbon accounting,disclosure,and risk assessment(i.e.CSRD,TCFD).Climate Fintech em

6、ploys financial technologies to enhance and positively impact our global climate.It leverages innovative solutions to address environmental challenges and promote sustainability in economic activities.3Climate FintechCarbon offsetting marketplaces are being offered by banks.BNP Paribas launched Clim

7、ateSeed,a digital marketplace that connects businesses and funds with sustainable projects around the world.Companies can buy carbon credits from ClimateSeed to offset their carbon footprint.These projects preserve the environment and contribute to the Sustainable Development Goals set by the UN.Pro

8、ject developers set their own prices for their carbon credits,and ClimateSeeds fee is 15%of the total amount of the transaction,which is only paid by the buyer.All the projects are internationally certified and analyzed via a strict due diligence process,including Know Your Client(KYC)and anti-money

9、 laundering/combating the financing of terrorism(AML/CFT)procedures that is provided by the bank.BNP Paribas launched ClimateSeed Carbon Offsetting:BNP Paribas launched ClimateSeed BNP Paribas,a Plug and Play corporate partner,is the largest French banking group,the largest bank in Europe,and the wo

10、rlds 7th largest bank by total assets.In 2012,the bank announced major initiatives to reduce its impact on the environment.OTHER BANKS ARE ALSO LAUNCHING CARBON OFFSET MARKETPLACES Four global banks-Britains NatWest Group,Canadas Canadian Imperial Bank of Commerce,Australias National Australia Bank

11、and Brazils Ita Unibanco-plan to launch a pilot platform for buying and selling voluntary carbon credits.It will also look at how blockchain technology can be used to trade credits and help to make the market more accessible to customers.OTHER BANKS ARE ALSO LAUNCHING CARBON OFFSET MARKETPLACES&STAR

12、TUPS-It is possible that parts of the voluntary market will eventually become mandatory.That is,the price of certain products may need to include the cost of carbon credit offsets.-Partnering up with carbon offsetting marketplaces to offer carbon credit projects to their customers.Banks can bring in

13、 their expertise in the compliance processes(KYC,AML)needed to validate the project.4Climate FintechBanks can partner with startups like Sylvera to integrate their credit rating solutions through an API.SUSTAINABILITY OFFERINGS BAKED INTO CUSTOMER JOURNEYSSylvera is partnering with banks to incorpor

14、ate their product into banks suite of customer-facing services.Financial institutions gather the rating data provided by Sylvera,and share it with their own clients,ensuring trust and liquidity in the market.FOUNDED:2020 MONEY RAISED:$5.8M INVESTORS:INDEX VENTURES,PLUG AND PLAY,SPEEDINVEST,SEEDCAMP

15、HQ:LONDON,UK DESCRIPTION:Sylvera is the worlds first carbon offset ratings provider that leverages geospatial data,ML and proprietary climate data to create a reliable and transparent assessment of carbon offset projects.As the company does not sell offsets,there is zero conflict of interest when ra

16、ting offset projects.Carbon Offsetting:Sylvera partners with banks for carbon offset marketplace transparencyFACILITATING LONG-TERM OFF-TAKE CONTRACTS The supply of carbon credits is tight and prices are rising dramatically.To capitalize on this and provide value to clients,some banks are securing l

17、ong-term off-take contracts from project developers,&putting matching contracts in place with their customers.In each case,Sylveras ratings are used as a delivery mechanic.This is a similar process as in project financing,where developers have to compensate buyers for any underperformance.CREATING S

18、TRUCTURED PRODUCTSA number of banks are interested in creating co-branded baskets of Sylvera-rated projects e.g.a Global Bank A-rated 2021 Offset basket.This builds liquidity and creates arbitrage opportunities for banks in the carbon credit marketplace.5Climate FintechFinancial institutions are emb

19、edding Climate Fintech products to increase their sustainable offering.ANTFOREST BY ALIPAY Banking&Payments:A Green Initiative Impacting Millions and Transforming LandscapesAlipay launched Ant Forest,which encourages people to live a low greener lifestyle by integrating a range of low-carbon activit

20、ies into daily life such as going paperless(i.e.paying utility bills and purchasing tickets online),biking to work,and buying sustainable products,etc.These behaviors are recorded and converted into“virtual green energy”on the Alipay platform.These green energy points grow into a virtual tree on the

21、 users app,which Alipay matches by planting a real tree in Northwest China or commit to protect a particular conservation area,in partnership with local NGOs.Since its launch in 2016,Alipay Ant Forest has attracted over 550 million users,planted 122 million real trees in Northwest China covering a t

22、otal area of 112,000 hectares,and protected a total area of 12,000 hectares of conservation land.Alipay Ant Forest has also helped create around 400,000 job opportunities and RMB 60 million($8.4M)in income by working with farmers to plant trees,develop organic agricultural products,and connect them

23、with e-commerce platforms.Alipay is a popular eWallet app enabling users to store card details,facilitating online and in-store purchases via smartphones.Comparable to Apple Pay,its accepted widely,serving over a billion users globally.OUR INSIGHTS&STARTUP RECOMMENDATIONS As public attitudes shift t

24、owards climate consideration,there is a tremendous opportunity to help citizens and organizations to transact in sustainable ways.6Climate FintechFinancial institutions are embedding Climate FinTech products to increase their sustainable offering.ECOLYTIC+TOMORROWBanking&Payments:A Partnership betwe

25、en Ecolytiq and TomorrowFOUNDED:2020 MONEY RAISED:$2M HQ:BERLIN,GERMANY DESCRIPTION:Ecolytiqs Sustainabilty-as-a-Service solution enables FIs to show their customers the individual impact their purchasing behavior on the environment in real time.Ecolytiq also offers suitable impact compensation offe

26、rs from selected and certified organizations,which are available via their own marketplace.CHALLENGE Tomorrow was founded to revolutionize the banking world by being one of the pioneers in green banking,making the future more sustainable.Their goal is to make banking a central part of the sustainabl

27、e lifestyle by promoting transparency in how individual actions have an impact.Tomorrow was looking for solutions increasing customer loyalty that are aligned to the interests of their growing,environmental conscious target group.SOLUTION By integrating Ecolytiq,Tomorrow is able to provide users wit

28、h their personal carbon footprint,empowering them to reflect on their consumption behavior and become active in the climate issue themselves.The app also offers assistance in making better decisions for the climate with climate-friendly shopping suggestions.“We want to incentivise people to minimise

29、 their overall consumption and make the consumption they do as sustainable as possible”-Tomorrow.OUR INSIGHTS&STARTUP RECOMMENDATIONS Banks can respond to shifting attitudes towards sustainability by offering more personalized green alternatives that increase customer experience&loyalty.Partnering w

30、ith startups helping them educate their customers about the impact of their consumption&give them green options to address it.FOUNDED:2018 MONEY RAISED:$10M HQ:HAMBURG,GERMANY DESCRIPTION:Sustainability-focused neobank offering mobile banking while staying climate-focused,investing savings only on s

31、ustainable projects,committing to save 1m2 of rainforest from deforestation for every Euro paid with their Tomorrow card,and showing customers footprint and impact real-time.7Climate FintechFOUNDED:2021 MONEY RAISED:$5.6M INVESTORS:ENTREPRENEUR FIRST,PLUG AND PLAY TECH CENTER,FIS IMPACT VENTURES,MOC

32、 HQ:LONDON;UK SOLUTION:Connect Earth is an environmental data company that democratizes easy access to sustainability data.With its carbon-tracking API technology,Connect Earth is on a mission to empower people and businesses to make sustainable choices.Connect Earth supports financial institutions

33、in offering their customers transparent insight into the climate impact of their daily spending and drives sustainable finance.Banks can leverage startups that offer calculation engines to measure the impact of consumer transactions in real-time.Banking&Payments:Empowering BanksFOUNDED:2009 MONEY RA

34、ISED:$55.7M INVESTORS:CRDIT AGRICOLE,GROUPE BPCE,UNICREDIT GROUP HQ:LONDON,UK SOLUTION:Meniga Carbon Insight estimates your carbon footprint based on your spending pattern and empowers you to act via internationally recognised offsetting programs.Meniga offers a toolkit for banks to drive engagement

35、&loyalty by creating highly appealing digital experiences and launching new green products for customers to act on climate change.FOUNDED:2020 MONEY RAISED:$2.75M INVESTORS:OCTOPUS VENTURES,YC,PLUG AND PLAY TECH CENTER HQ:LONDON,UK SOLUTION:Minimum enables individuals to track their emissions in rea

36、l-time&offset their carbon footprint automatically.For their B2C offering,they use a variety of data-inputs,with a focus on transaction data by linking your personal bank account(s).Leveraging open banking initiatives,they offer users a central place in which to see an aggregated overview of their p

37、ersonal impact on the climate.For their B2B&B2B2C offerings,they offer their platform and engine through either a SaaS model or APIs for businesses to become carbon neutral in the future.8Climate FintechQuantifying physical climate risk to asset portfolios,&responding to changing disclosure requirem

38、ents FOUNDED:2017 MONEY RAISED:$34M HQ:SAN MATEO,US DESCRIPTION:Jupiter Intelligence predicts risks of natural perils from severe weather and climate change.They have been rolling out a series of products all of which provide high-resolution,asset-level probabilistic climate risk analysis.Climate Ri

39、sk Analysis:A Partnership between Jupiter and Major U.S.BanksCHALLENGE Banks are experiencing a growing need to understand and quantify potential physical impacts of climate change in their assets,operations,and systemic resilience.A growing list of governments and organizations are formulating stri

40、cter legislation mandating climate risk assessment and disclosure,to improve the management of climate-related financial risks.“Metrics and quantification were identified as the most challenging aspect of assessing climate-related financial risks.”-PRA,July 2020 SOLUTION Jupiter Intelligence has par

41、tnered with one of the worlds Top 5 biggest banks to help embed physical climate risk data into the banks existing analytical models to optimize enterprise risk management processes,and to better quantify and disclose climate risk exposure to shareholders,regulators,and entities such as the TCFD and

42、 PRA.Jupiter provides access to data on millions of properties via its high-performance APIs;scalable infrastructure;and enterprise-grade security.Jupiter and the banks internal MRM team are working together to ensure that data from climate risk models meet the banks stringent transparency requireme

43、nts and can be applied to its processes.OUR INSIGHTS&STARTUP RECOMMENDATIONS Managing climate risk does not need to exclusively entail fighting climate change but can also be used to ensure that investments earn the highest return possible despite climate change.9Climate FintechFOUNDED:2020 MONEY RA

44、ISED:$6M INVESTORS:PT1,A/O HQ:LONDON,UKSOLUTION:Climate change poses considerable financial risks and uncertainty in the banking sector,with regulatory bodies starting to mandate climate stress tests and scenario analysis disclosures across the world.With Climates X Spectra,banks can extract transpa

45、rent&and comprehensive climate risk data across different asset classes/functions.Banks can partner with startups providing climate risk analytics to monitor,measure,and manage risks&opportunities associated with climate change.Climate Risk Analysis:Banking on Climate ResilienceFOUNDED:2016 MONEY RA

46、ISED:$36.2M INVESTORS:DRAPER ESPRIT HQ:LONDON,UK SOLUTION:Their product,EarthScanTM,gives users on-demand access to current,historical,and predictive views of how combined risks such as flooding,droughts,and extreme temperatures can impact the assets they own or manage.Insights are available across

47、multiple risk categories simultaneously,going back 50 years and looking forward 80 years.10Climate FintechSquare announced an ambitious program to get to net zero carbon by 2030,and to accelerate the conversion to renewable energy for mining bitcoin.SQUARE+WATERSHED ESG Reporting:A Partnership betwe

48、en Square and WatershedFOUNDED:2009 MONEY RAISED:PUBLIC HQ:SAN FRANCISCO,CA,US DESCRIPTION:Square is a merchant services aggregator and mobile payment company that aims to simplify commerce through technology.They provide payment acquiring services,along with related services,and also launched Cash

49、App,a person-to-person payment network.CHALLENGE Square aims to create an inclusive global economy and climate change is threatening that vision mostly impacting underserved communities.In 2020,Square announced that they will follow an ambitious climate program to reach net zero within a decade,and

50、that they will accelerate the conversion to renewable energy for mining bitcoin.Square started a partnership with Watershed in May 2020 to supercharge Squares climate efforts.1.Net zero ambition,and fast-net zero by reducing carbon in every part of the business&funding carbon removal for remaining e

51、missions 2.Climate,operationalized-net zero ambition will take a company-wide effort SOLUTION-Net zero ambition,and fast.“Watershed enabled Square to build a powerful and deeply specific climate action program literally from scratch:global carbon audits,strategic implementation,and investor-grade re

52、porting.”-Neil Jorgensen from Square.-Climate,operationalised.The Watershed partnership gave teams across Square the information and tools they needed to take action.Teams from Hardware to Logistics and Procurement are using Watershed to understand the impact of everyday decisions.OUR INSIGHTS&START

53、UP RECOMMENDATIONS Startups in this space are trying to do what the financial ERPs did for financial data decades ago-this time to calculate and report carbon footprint,which becomes paramount for organizations committed towards decarbonization.FOUNDED:2019 MONEY RAISED:$14.7M HQ:SAN FRANCISCO,CA,US

54、 DESCRIPTION:Watershed helps companies assess their Scope 1 and Scope 2 emissions but also understand their sprawling Scope 3 emissions,which includes the impact of their supply chain and customers use of their products and can often make up the majority of a carbon footprint.11Climate FintechFOUNDE

55、D:2017 MONEY RAISED:$27M INVESTORS:LIGHTSPEED VENTURES,DEUTSCHE BANK,VISA HQ:BERLIN,GERMAN SOLUTION:Plan A is a corporate carbon accounting,decarbonization,and ESG reporting software provider.Their software supports businesses to achieve their decarbonization goals while remaining ahead of ESG and s

56、ustainability reporting standards.Plan As end-to-end software solution automates carbon emissions calculation,and enables seamless decarbonization planning,as well as regulation and audit-proof ESG reporting.Carbon accounting and ESG reporting is becoming mandatory in many countries and startups in

57、this space can support businesses with their disclosure requisites.ESG Reporting:Emerging MandatesFOUNDED:2019 MONEY RAISED:$6.6M INVESTORS:TRUE VENTURES,ARCTERN VENTURES HQ:LONDON,UK SOLUTION:Emitwise deploys ML to help companies automatically monitor and track,measure and report on their carbon fo

58、otprints in real time.Emitwise offers tools for cost-effective strategic planning around sustainability targets,permitting corporations to manage their climate impact.FOUNDED:2019 MONEY RAISED:$10M INVESTORS:WHITE STAR CAPITAL,DIAGRAM VENTURES HQ:MONTREAL,CANADA SOLUTION:Novisto is an end-to-end sus

59、tainability management solution that enables companies to consolidate their sustainability data(gathered from both internal and external sources)and reporting in one place and to leverage automation and AI-driven insights for better decision-making and value creation.12Climate FintechQuantifying phy

60、sical climate risk to asset portfolios,&responding to changing disclosure requirements.FOUNDED:1848 AUM$483BN HQ:PARIS,FRANCE DESCRIPTION:BNP Paribas&Bank of the West are working towards a more sustainable economy:by offering green bonds and sustainability linked loans,partnering with Climate Fintec

61、h startups.Embedding these partners tools into their own services help them provide better sustainable offerings.ESG Reporting:A Partnership between BNP and Doconomy,Clarity AI,and Mosaic FOUNDED:2018 MONEY RAISED:$N.A.HQ:STOCKHOLM,SWEDEN SOLUTION:Doconomy and its land Index Solution enables Bank of

62、 the West customers to track&measure the carbon impact of their purchases by using the 1%for the Planet debit card.STARTUP RECOMMENDATIONS:FFOUNDED:2017 MONEY RAISED:$62.6M HQ:MADRID,SPAIN SOLUTION:Partnering with Clarity AI,BNP Paribas offers its clients a range of insights from their investments E

63、SG risk and impact scores to their UN SDG contributions.This helps facilitate the production of analytics and regulatory reports.STARTUP RECOMMENDATIONS:FOUNDED:2011 MONEY RAISED:$488.6M HQ:CALIFORNIA,US SOLUTION:Mosaic is a specialised solar lender.Mosaic has taken a$200M warehouse line of credit f

64、rom BNP Paribas to finance solar projects.STARTUP RECOMMENDATIONS:13Climate FintechJ.P.MORGAN BETING ON SUSTAINABILITYCommitting to:align key sectors of their financing portfolio with the goals of the Paris Agreement(Carbon CompassSM Methodology)facilitate$2.5T on sustainable development projects in

65、 the next 10 years improving operational sustainability J.P.MORGAN ACQUIRED OPENINVEST TO OFFER THEIR CLIENTS the tools to values-based portfolios dynamic Custom Indexing technologyaccess to hyper-personalised,dynamic,values-based portfolio generation tools data from 35 different sources embedded in

66、to the platform quarterly“Impact Statements”STARTUP RECOMMENDATIONS J.P.Morgan acquired the ESG investing platform OpenInvest on June 2021.ESG Reporting:J.P.Morgan Chase Acquires OpenInvestFOUNDED:2015 MONEY RAISED:$24.4M ACQUIRED FOR UNDISCLOSED AMOUNT INVESTORS:QED INVESTORS,ANDREESSEN HOROWITZ,YC

67、 HQ:CALIFORNIA,US J.P.MORGAN+OPENINVEST14Climate FintechBBVA used a fully automated blockchain platform that allows the client to structure the instrument directly.They used the technology primarily to“simplify the processes and streamline the negotiation time frames”with investors.After issuing the

68、 bond in their internal blockchain developed on Hyperledger Fabric,they registered the transaction on the public Ethereum testnet,ensuring both security,privacy,and transparency.With this bond issue,the BBVA Group demonstrates that it has the means,knowledge,and commitment to provide its clients cut

69、ting edge products based on the latest technologies and innovative sustainable solutions.Blockchain can help with:traceability efficiency by automating manual processes and allowing securities to be distributed in smaller units and traded freely on an exchange reducing upfront issuance and ongoing a

70、dministrative costs full transparency with real-time management security According to the Blockchain as a Gateway for Sustainability Linked Bonds report,the estimated cost of issuing a green bond under a standard process was US$6.5M compared to just US$692K for a full blockchain automated issuance.B

71、BVA made a commitment to new technologies such as blockchain,which allow it to offer innovative financing approaches to its corporate clients.ESG Reporting:Blockchain&Green BondsFOUNDED:1999 AUM$131BN HQ:MADRID,SPAIN DESCRIPTION:Early 2019,BBVA issued the worlds first blockchain-supported structured

72、 Green Bond of 35M,showing other Financial Institutions further real-world applications of Climate Fintech.15Climate FintechFintech&Sustainability Providers Market MapESG Calculation&ReportingTrading&InvestingESG Data ServicesCarbon OffsetBanking&Lending DataInvestment PlatformsRisk AnalysisOther Da

73、ta ProvidersB2CB2B16Lets get in touch!Content Curation TeamAlfredo Soria Gomez Sr.Corporate Partnerships Manager Anna KazmierczakVentures Giota PapavasileiouProgram Associate 18 Plug and Play is a global corporate innovation platform that helps connect corporate partners with startups to help solve their greatest challenges.Our platform simultaneously operates as a venture fund and robust startup ecosystem.PNPTC.COMJOIN THE PLATFORM PNPTC.COM/JOIN