To assist organizations in using climate-related scenario analysis to support the development of disclosures consistent with the Recommendations of the Task Force on Climate-related Financial Disclosures, the technical supplement sets out and discusses: Using scenario analysis, Considerations for applying scenario analysis, Analytical choices involved in scenario analysis, Types of climate-related scenarios, Publicly available climate-related scenarios from the International Energy Agency (IEA), the Intergovernmental Panel on Climate Change (IPCC), and others that can provide context and a basis for company, industry or sector scenarios
Author: The Prince's Accounting for Sustainability Project
Industry Group: All Industry Groups
Guidance / Tool - 2016
This guide by A4S sets out why it's important to adapt traditional risk management processes to respond to macro sustainability trends. It provides examples of how to overcome uncertainty associated with their impact in order to be better integrated into business decisions.
This special report by IEA, part of the World Energy Outlook series, assesses the effect of recent low-carbon energy developments and the INDCs proposed thus far. This report also proposes the adoption of five measures that would achieve a near-term peak in global energy-related emissions while maintaining momentum for stronger national efforts.
This report analyses the extent of the impact of climate change on institutional investment portfolios and identifies a series of pragmatic steps for institutional investors to consider including allocation to climate-sensitive assets and the adoption of an "early warning" risk management process.
The Better Alignment Project, an initiative of the Corporate Reporting Dialogue (CRD), brings together CDP, CDSB, GRI,
IIRC and SASB to explore how these framework and standards setters can work together more to better support organisations in preparing environmental, social and governance (ESG) disclosures.
Fourteen global insurers worth over USD 3.5 trillion discuss how they manage the risks and opportunities of climate change.
The interviewees provide peers with practical ways to navigate an increasingly complex environment marked by escalating climate risks and regulatory pressure for better disclosure across underwriting and investment portfolios.
The report by ShareAction/AODP, called ‘Insuring a low-carbon future: A practical guide for insurers on managing climate-related risks and opportunities’, explores current leading practice, identifies common barriers, and presents a framework of industry-tested building blocks relevant for other insurers of all types. It also offers wider recommendations for policymakers, customers, insurers and their investors to help drive the industry towards aligning with a successful low-carbon and climate-resilient transition.
This report offers aggregate analysis of the responses to the PRI climate change indicators, over 200 investor climate transparency reports and, for the first time, anonymised interpretation of the quality of investor reporting over an ascending staircase of four steps: not reported, responsive, responsible and strategic (with the latter being the most advanced).
These Environmental Reporting Guidelines have been revised in accordance with changes in society’s expectations on non-financial reporting. The guidelines have shifted their focus from requiring entities to report their performance data to requiring them to identify material issues in their business and value chains and to explain their own sustainability. These new guidelines will also be reflected in the reporting format of the Environmental Reporting Platform Development Pilot Project, a Ministry of the Environment project aiming to use ICT technology to establish an environmental information disclosure platform that facilitates dialogue and analysis of environmental data.
Author: EU Technical Expert Group on Sustainable Finance
Industry Group: All Industry Groups
Guidance / Tool - 2019
On 10 January the TEG published its report on climate-related disclosures. This report corresponds to task 4 of the TEG’s mandate, which is to “Develop climate-related metrics in the context of its work on an EU taxonomy allowing improving disclosure on climate-related information and publish the outcome in a report.”