Auckland-based consultancy firm, Mosaic Financial Services Infrastructure, has released a new “on-demand” climate change training program in collaboration with Australian partner business, Informed.City.
The “executive training” course aims to provide directors and senior business leaders “with practical information to manage climate change risk, including the fundamentals of climate change risk and scenario analysis concepts, with additional topics to be introduced progressively”.
According to a statement, the Mosiac-Informed.City program also taps into local knowledge gained during the first year of mandatory climate-reporting in NZ.
“The courses are available on-demand and can be delivered either in person or virtually,” the release says, with a goal “to facilitate a safe and engaging environment for discussion, encouraging participants to ask questions and share insights”.
Run by Informed.City founders Donovan Burton and Ian Edwards, the climate risk course is designed for classes of five to 16 participants with the ability to tailor some content to organisation-specific examples.
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Mosaic signed a deal in March to work with Informed.City on climate-reporting services for the NZ market.
Informed.City was founded in Brisbane in 2019 as a climate change governance consultancy.
About 200 entities including banks, insurers, most NZX-listed companies and fund managers (with at least $1 billion of assets) fall under the new climate-reporting rules that came into effect for the 2023/24 period.
Fund managers captured by the regime were due to file inaugural per-scheme climate reports by the end of July: more than 120 fund climate-reporting documents landed by deadline.
In another on-trend move, “enterprise software” firm, Confluence Technologies, is offering its new artificial intelligence (AI) tools to fund managers and asset owners in NZ via local partner, Dynamique.
Confluence has rolled out three new AI-enhanced products, namely: Rex 2.0, which sifts through ‘unstructured documents’; a style-analytics solution; and, a performance analysis system.
The company recently picked up several European clients for the style-analysis tool including Santander UK and the Swedish government fund selection agency.
Guy Dobson, Dynamique director, said there was “still a lot of nervousness out there regarding AI as firms may seem pressurised into using the new technology by their boards, but unless you have the skillset to use it properly it can morph from a great support tool into a destructive misunderstood beast churning out incorrect information and data”.
Dobson said it was important to select an AI provider with a “proven product” that offers “directly identifiable profitable benefits”.
The Pittsburgh-headquartered Confluence formed in 1991, specialising in software for the investment management industry to “solve complex investment data challenges, reduce risk and increase efficiency”, the company blurb says.
Confluence now services more than 1,000 clients across 40 countries with 15 global offices including Australia.