Solifi recently launched ESG Portfolio Strategist as the latest application in its product suite.

Enabling automotive finance companies to operationalize environmental, social, and governance (ESG) strategy within their existing leasing workflow, the global fintech software partner for secured finance said ESG Portfolio Strategist can enable ESG compliance and strategy execution and can support the company in tracking, monitoring, and proactively advising clients on their ESG portfolio analytics.

According to a news release, it is a cloud-native SaaS offering that can be integrated with any originations or contract management system.

Solifi highlighted the application supplies the functionality that automotive finance companies need to calculate financed emissions, translate long-term CO2 reduction targets into specific funding limits within the credit decisioning process, and access key analytics to define decarbonization strategies, with their portfolio data enriched and aggregated centrally.

ESG Portfolio Strategist also includes an ESG Fleet Optimizer module, which aids asset funders in advising their SME and fleet customers on optimal ways to decarbonize, using dynamic dashboards.

All told, Solifi’s ESG Portfolio Strategist solution includes:

—Asset-level WLTP CO2 data and customizable ESG classifications

—Calculation of financed emissions at asset level for all finance products according to industry-standard frameworks

—Ability to monitor and track progress of your automotive portfolio around ESG

—Ability to model funding allocation scenarios that meet portfolio CO2 reduction goals

—Operationalize scenarios by establishing target funding allocation per vehicle type and define additional deal acceptance criteria

—Ability to integrate with any third-party contract management system and connect ESG risk management KPIs to any third-party originations system

—Proactively suggest decarbonization strategies to your fleet customers to reduce their emissions

—Provide fleet ESG and emissions analytics to fleet customers via a portal

“Regulators, investors, and consumers are aware of the importance of ESG within the evolving sustainability landscape,” Solifi chief product officer Bill Noel said in a news release. “Lenders require granular ESG reporting to support the execution of their day-to-day ESG strategy.

“We worked with our customers and incorporated their valuable feedback during an early-adopter program. This enabled us to develop a product that can support automotive funders of all sizes, seamlessly fitting in with their current systems and workflow,” Noel continued.