The Solution | Andefena

IncumbentStarts with climate

Climate data → Location → Score → No decision

AndefenaStarts with the asset

Characteristics → Headroom → Capacity → Decision

Two buildings on the same street. Same coordinates. Same climate projections. Different scores from every provider. One has 15 years of headroom. The other has 3. The incumbent methodologies cannot tell them apart.

Climate projections are an input to test headroom against. They are not the starting point. The starting point is always the asset: what it is made of, how it operates, what it depends on, and how the market prices it.

Every engagement adds evidence to the pattern library: what typically binds, what interventions work, what they cost. The methodology gets smarter with every assessment.

Climate · Heat stress

Cooling headroom

−1.2°C • High confidence

30°C 45°C

Threshold

40°C

Observed

41.2°C

HVAC system fails at 40°C. Projected peak reaches 41.2°C under 1% AEP scenario.

Reference level • Very High confidence

Scenario • High confidence

Headroom • High confidence

Governing: scenario confidence

Binding constraint

Market domain limits runway

Asset +12 yrs

Function +8 yrs

Dependencies +5 yrs

Market 18 mo

Insurance renewal at risk. Lender requirements tighten June 2026.

Headroom, not exposure.
Binding constraints, not scores.

Exposure tells you what might happen at a coordinate. Headroom tells you how much room the actual building has before it matters. One is a weather forecast. The other is whether the roof leaks.

Headroom

How much margin before failure

Physical margin to failure threshold. Not a score. The distance to the point where something breaks.

Binding constraints

Which domain limits the asset's runway

Four domains - Asset, Function, Dependencies, Market. The one with lowest headroom relative to planning horizon is the constraint that matters.

Capacity

Can the position improve, and at what cost

Can the position improve, at what cost, and in what timeframe.

Collateral climate assessment

Climate headroom

Critical

2 of 10 hazards negative

Loan term coverage

Partial

Market headroom < loan term

Recommend covenant requiring HVAC remediation within 24 months.

Insurance status At risk - renewal 2026

Regulatory exposure SS5/25 gap identified

Confidence High - observed data

Output structured for credit committee use. Methodology independently verified.

Fund climate position · LP view

+3.4 yrs ahead of market average

6 assets with deep headroom

Headroom exceeds market average. Available for LP disclosure as alpha signal.

Assets assessed 42

Critical or Urgent 10 - remediation programme underway

Binding constraint Market domain (55% of assets)

Confidence - portfolio High

Zone distribution

Critical Urgent Watch Stable Optimal

Structured for LP reporting and regulatory disclosure. Same underlying assessment as the manager view.

The methodology is designed for climate, carbon, and nature - integrated at the asset level rather than assessed in silos. Climate physical risk is live. Carbon and nature integration is coming, built on the same assessment framework.

The industry starts with climate and works toward decisions.
We start with the asset.

Headroom, not exposure.
Binding constraints, not scores.

Headroom

Binding constraints

Capacity

Climate, carbon, and nature
in every financial decision

The industry starts with climate and works toward decisions.We start with the asset.

Headroom, not exposure.Binding constraints, not scores.

Headroom

Binding constraints

Capacity

Climate, carbon, and naturein every financial decision

The industry starts with climate and works toward decisions.
We start with the asset.

Headroom, not exposure.
Binding constraints, not scores.

Climate, carbon, and nature
in every financial decision