The Inexperienced Credit score Rating is being collectively developed by 4most, in addition to boutique cleantech advisory agency Meckon, and worldwide fintech lender, Swishfund. The challenge goals to ship a complete knowledge set, credit score threat evaluation and scorecard, which 4most will make obtainable to all lending establishments throughout the UK, together with credit score reference businesses and credit score auto-decision-making platforms.
The Inexperienced Credit score Rating will inform SMEs of their present carbon influence, advise them of key dangers to their enterprise within the transition to a low carbon financial system, and can present them with the instruments to assist mitigate these dangers, whereas decreasing direct and oblique carbon emissions.
Ivelina Nilsson, consumer companion and head of local weather change at 4most says: “This challenge will construct a virtuous circle of measuring carbon footprints, offering risk-based funding and boosting local weather motion. To develop the Inexperienced Credit score Rating, we plan to collect knowledge from potential debtors to estimate the varied points of local weather change threat that they’re uncovered to.”,UK credit score threat consultancy 4most has received Authorities backing to develop a inexperienced credit score rating that can supply cheaper financing to encironmentally aware SMEs.,
