The engine. Applied.
Real portfolios. Real asset registries. Every number is reproducible.
Beverages · Global
Heineken N.V.
Water stress is a balance sheet risk.
−12.8% EV under NZE 2050
47 breweries. 30%+ in high water stress basins. $42M physical loss per year by 2030. €26M EU ETS exposure. +185 bps WACC uplift. CRI rating: D.
Energy · Integrated
Shell plc
Demand destruction hits before 2030.
18% of reserves stranded under NZE
Upstream portfolio segmented by break-even cost. High-cost assets stranded as oil demand peaks under NZE. $28B NPV at risk. WACC uplift +220 bps.
Mining · Diversified
Mining Portfolio
Heat and water stress compound.
−7% CAGR productivity under NZE
12 open-pit mines. Joint probability analysis: WBGT heat stress and water scarcity. Productivity loss curves calibrated to IPCC AR6 regional projections.
Banking · Loan book
European Bank
Borrower risk is your risk.
+€42M ECL uplift by 2035
35 corporate counterparties scored by CRI. 7 flagged D/E with loan maturity beyond 2035. ECL uplift quantified under NZE. BRSR and TCFD output generated.