Cassie Anderson
- @CassieAnderson
- | she/her
In our latest case study, we detail how Earth Blox accelerated biodiversity impact risk reporting for a global bank from two months to one hour.
Aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) framework, Earth Blox provides a cloud-based platform for the bank to conduct large-scale geospatial analysis for millions of supply chain facilities worldwide.
“The Earth Blox team are experienced in many areas of remote sensing and were instrumental in the creation of the biodiversity impact model we developed to monitor supply chain facilities. They have well-refined expertise in the nature-related space and provided detailed insights into the datasets that would fit our use case best, as well as the techniques to best standardise and overlay data.” Lead Data Scientist, Global Bank
The challenge
The bank’s data analytics team are expert at monitoring risk and opportunities within the financial sector. A small-scale pilot study to determine biodiversity impact on supply chain facilities indicated that their assessment methodology was feasible but not scalable. The team sought a scalable and transparent solution to assess biodiversity impact across millions of global facilities that make up complex supply chains.
Solution
Earth Blox partnered with the bank to develop a set of custom and repeatable analyses that produce a biodiversity risk heat map for supply chain facilities worldwide. The solution combines the most authoritative nature and climate data and is powered by the cloud for rapid analysis and processing. Earth Blox enabled the bank to broaden its geographical scope and double the biodiversity indicators analysed for enhanced accuracy.
Results
- Cost savings: reduced analysis time from 2 months to 1 hour, saving significant computation and resource costs.
- Scalability: efficiently assessed thousands of supply chain facilities, proven to scale to millions.
- Accuracy: doubled the number of biodiversity indicators for enhanced assessment accuracy.
- Transparency and control: enabled secure and transparent integration of proprietary methodologies and datasets, ensuring audit readiness.
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