Barclays expands deal with Groundsure

Barclays expands deal with Groundsure

Barclays adds Groundsure’s climate data to its environmental screening in expanded deal

Barclays has expanded its agreement with environmental analytics business Groundsure to start screening commercial transactions in the UK for environmental and climate change risks.

Groundsure has been working with Barclays since 2006, providing the bank with a definitive opinion on lending security in relation to flooding and contaminated land. Their new, extended agreement sees the introduction of the new Siteguard Climate report, which includes a four-tier risk assessment summary with explicit opinions on environmental liability, loan security risks and potential property value impacts. It also provides an assessment on the current physical climate risk from flooding and projected forward over the medium term.

Dan Montagnani, CEO of Groundsure said:

“We are extending our already long and trusted relationship with Barclays to help them manage their current and forward exposure to environmental risks – especially in the context of greater compliance and due diligence requirements.

Forward-thinking major banks are looking at how they are going to respond to the Bank of England expectations on embedding approaches to climate related financial risk. We will be helping Barclays meet their compliance obligations – for both environmental and broader climate impacts – ensuring they are well-positioned to manage this, at scale, for their commercial portfolio.

This deal means we are working with three of the big six lenders and positions us as the UK’s authority on environmental risk and the country’s leading environmental analytics business.”

Ania Musial, VP Environment & Climate Risk – Group Risk at Barclays, said:

“Ensuring we can walk into high-value commercial lending with eyes fully open about legacy environment and forward physical climate risks is a vital part of our governance and credit risk approach.

Our long and successful relationship with Groundsure has ensured that many thousands of transactions have been effectively screened with their analytics and data intelligence. Now, we can take a longer view ahead to account for the potential impact that the climate will play on these lending decisions with greater confidence.”

This article was submitted to be published by Groundsure as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Groundsure

http://www.groundsure.com/

Groundsure client care clauses

Giving customers confidence and clarity, in land and property transactions.

The smartest land and property decisions rest on location intelligence from Groundsure. Groundsure is a UK authority on environmental risks including land contamination, flooding and ground stability. It provides high value, property-specific opinions, and analysis of land use based on the leading datasets that it collects and curates. Groundsure helps a range of individuals and businesses make fully informed property transaction decisions including:
  • Solicitors
  • Conveyancers
  • Property Lawyers
  • Property Support Lawyers
  • Financial institutions/Building societies/Lenders
  • Homebuyers
  • Developers
Groundsure turns data into practical, actionable insight. Its customers feel confident and able to understand that data and what it means for them, helping them make property decisions and advise their clients with confidence and clarity. To ensure Groundsure delivers the most up to date environmental data it partners with leading data, mapping and technology providers including but not limited to the Environment Agency, Ordnance Survey, the British Geological Survey and Ambiental.  

Delivering industry best practice

We believe in following solid and honest business principles and industry best practice. We are committed to delivering market-leading products and customer excellence. We deliver this by following stringent operational processes for every aspect of our business, whether that’s our Data Governance Council or our Senior Management Boards through to delivering customer excellence every day. As a result of our firm belief in the importance of accurate and reliable data governance Groundsure is a founding member of the Conveyancing Information Executive (www.conveyinfoexec.org).

Partnerships

We continually support, and learn from, our own community of approved Groundsure property-search resellers. This way we can guarantee their sales and customer-service teams know every aspect of our products and services. And we can know these offerings are 100% fit for their client’s needs, providing more empowering data and opinion, and enabling exceptional due diligence.

Key Services

Contact: Dave Phillips Email: marketing@groundsure.com Tel: 08444 159 000 Address Groundsure Ltd. Sovereign House, Church Street, Brighton BN1 1UJ

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