Financial Competences Ontology
The Financial Competences Ontology (FCO) is a semantic web framework that aims to represent and categorize financial competences. FCO is described using W3C RDF Schema and the Web Ontology Language OWL. FCO aims to conform as closely as possible to the European Union/OECD (2022) Financial Competence Framework for adults.
Business Model Risk Ontology
The Business Model Risk Ontology is a framework that aims to represent and categorize knowledge about Business Models, in particular their Risk profile.
Credit Ratings Ontology
The Credit Ratings Ontology is a framework that aims to represent and categorize knowledge about Credit Rating Agencies and related data (Credit Ratings) using semantic web information technologies.
Non-Performing Loan Ontology
The Non-Performing Loan Ontology is a framework that aims to represent and categorize knowledge about non-performing loans using semantic web information technologies.
Risk Function Ontology
The Risk Function Ontology is a framework that aims to represent and categorize knowledge about risk management functions. Codenamed RFO, it codifies the relationship (roles and responsibilities) between the various persons involved in a risk management organization.
In this post we introduce a new online game that aims to familiarise with various challenging aspects of Green Public Procurement
The substantial potential of Green Public Procurement towards achieving sustainability objectives is well known. But the transition process involves significant complexity and implementation barriers. The combination of diverse categories of products and services, each with their own specific sustainability profiles and data/knowledge requirements and the need for augmented organizational capacities to handle expanded information flows is a formidable challenge. In a new and free online game we introduce some aspects of these challenges in a simplified, fun setting that helps highlight some of the considerations involved.
A DeepDive Course into using Python to work with Input-Output Models
The SFI32064 course is a DeepDive with nine segments, exploring Input-Output models using Python and the Pymrio library. The following is an updated overview of it contents.
tailRisk is a C++ library for the calculation of various tail risk measures. Tail Risk is a core concept in Quantitative Risk Management , relevant in particular in Market Risk and Credit Risk Management. Tail Risk is both an informal term denoting unusually occurring tail events and a more precise term denoting concrete classes of risk measures
With a new software release we aim to make the Open Risk Manual more accessible by creating an Android app version. This post explains a bit more what this is about.
The Open Risk Manual is an open online repository of information (wiki) about risk management in all its forms. The Manual is developed and maintained by Open Risk. Our objective is to create a comprehensive, detailed, authoritative collection of risk management resources that are easily accessible by anybody, anywhere - well, network access is currently required!
A DeepDive using the Eigen C++ Library to perform Tensor calculations
The objective of the course is to provide an introduction to using Eigen::Tensor as a high-level library for using Tensors in C++ projects.
A curated list of sustainable finance resources
A curated list of sustainable finance resources. The focus of the list is on code (tools, libraries, frameworks etc.) that fairly directly support any type of sustainable finance effort and open data that are useful in a sustainable finance context.
The Climate Dictionary Quiz is now accessible as a course at the Open Risk Academy. The Quiz is based on the UN Climate Dictionary and provides an interactive educational tool to enable deeper understanding of the essential terminology.
The Climate Dictionary is an initiative of the United Nations Development Programme (UNDP) aimed at providing people worldwide with a simplified guide to understand climate change. The Dictionary (first published Aug 2023) seeks to bridge the gap between complex scientific jargon such as present in the IPCC publications and other scientific bodies and the public.
New data models introduced in this release of Equinox cater to the requirement of integrating energy attribute certificate information into the portfolio database.
GHG Accounting offers a means of measuring the direct and indirect emissions to the Earth’s Biosphere of CO2 and its equivalent gases from industrial and other activities. GHG Accounting is a rapidly developing area that has come to receive increased focus in the context of accelerating Climate Change. Given that the generation of electricity and heat accounts for around a third of global GHG emissions electricity consumers have incentives to proactively reduce those emissions by reducing electricity demand, or by shifting energy supply by procuring alternative lower-carbon or renewable resources.
Solstice is a flexible open source economic network simulator. Its primary outcomes are quantitative analyses of the behavior of economic systems under uncertainty. In this post we provide a first overall description of Solstice to accompany the first public release.
Economic networks are the primary abstractions though which we can conceptualize the state (condition) and evolution of economic interactions. This simply reflects the fact that human economies are quite fundamentally systems of interacting actors (or nodes in a network) with transient or more permanent relations between them.
Release 0.6 of equinox introduces a second use case with summary national statistics (country / sector), visualizations, fixtures and the adoption of BDD testing framework
With Release 0.5 of equinox we start the more formal tracking of development.
The Equinox alpha release 0.5 includes a complete data set to be used in testing Use Case 1. Use case 1 takes the perspective of local authority (a city) that wants to examine the footprint of its city-wide procurement portfolio
On Earth Day 2022 we are happy to release a significant update of Equinox, the open source platform supporting sustainable portfolio management
Equinox is an open source platform that supports holistic risk management and reporting in the context of Sustainable Portfolio Management. The platform integrates geospatial information with applicable regulatory and industry standards, for example the GHG Protocol (accounting for Project based, Corporate and City-Wide greenhouse gas emissions), the IPCC Emissions Factor database and further reference data, the PCAF attribution methodologies (and more) to provide a holistic view of the footprint of both individual projects and portfolios.
A taxonomy is the categorization of concepts. It can be a very useful tool in supporting effective knowledge management. Fundamentally a taxonomy is a scheme of classification, typically a hierarchical classification, in which things or concepts are organized into groups or types of increasing specificity.