What is refinq?
refinq is a platform that helps financial institutions assess both climate and biodiversity risks across their portfolios, delivering data-driven insights aligned with leading environmental regulations like TNFD, CSRD, and ESRS.
What is refinq’s Footprinting tool?
refinq’s Footprinting tool allows businesses to assess their biodiversity risks comprehensively, even when asset-specific data is incomplete. We either source third-party data or approximate risks using industry, regional, or country-level data.
How does refinq handle incomplete asset data for biodiversity and climate risk assessments?
When asset-level data is missing, refinq uses third party asset data or strategic approximations based on regional, industry, or country averages, ensuring that companies can still achieve a complete biodiversity and climate risk profile.
What types of biodiversity risks does refinq assess?
refinq assesses key biodiversity risks such as species extinction, land degradation, and biodiversity intactness, providing insights into both direct impacts and dependencies on ecosystem services like water and soil retention.
How does refinq assess climate risks?
refinq assesses a wide range of climate-related hazards, including heat stress, drought, flooding, heavy rainfall, hail, crop failure, and landslides, and many more. Our tool evaluates these risks based on both current conditions and future climate scenarios, providing location-specific insights that align with global reporting standards like TNFD and ESRS.
Does refinq’s tool meet global reporting standards for biodiversity risk?
Yes, refinq aligns its assessments with global frameworks like the Taskforce on Nature-related Financial Disclosures (TNFD) and European Sustainability Reporting Standards (ESRS), ensuring compliance with international reporting requirements.
How does refinq approximate risks without available location data?
We either source third-party data or approximate risks using industry, regional, or country-level data.
How is sensitive business data protected in refinq’s platform?
refinq ensures all data, including biodiversity and climate information, is securely stored on European servers and adheres to strict data confidentiality and protection protocols.
