Climate change risk management

The summer of 2021 brought high levels of extreme weather in many of our markets, such as the floods in Germany and Belgium and the wildfires in Greece. These events demonstrate that climate change already affects our business and is a risk for our customers, our people, and our collateral assets. We are using the Task Force on Climate-Related Financial Disclosures (TCFD) Recommendations as a guidance to improve our work in this area. 

Climate change risk on secured assets

Hoist Finance has grown its secured portfolio from three per cent in 2017 to 28 per cent in 2021. We are accustomed to undertaking extensive due diligence on acquired loan assets, which includes thorough reviews of collateral assets as well as independent real estate valuations on those assets. These valuations incorporate extensive data around environmental issues such as flooding, subsidence and fracking.