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.
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.”
Author: Australian Accounting Standards Board, Australian Auditing and Assurance Standards Board
Industry Group: All Industry Groups
Guidance / Tool - 2018
This publication argues that climate-related risks and other emerging risks are currently predominantly discussed outside the financial statements, if at all, while qualitative external factors such as the industry in which the entity operates, and investor expectations may make such risks ‘material’ and warrant disclosures when preparing financial statements, regardless of their numerical impact. It also notes investor statements on the importance of climate-related risks to their decision making so that entities can no longer treat climate-related risks as merely a matter of corporate social responsibility and should consider them also in the context of their financial statement.
This report reviews existing approaches developed by eight service providers to analyze physical climate risks at financial institutions. This includes detailed analysis of the approaches in a common framework, and discussion of crucial aspects such as the outputs; the perimeter of analysis; the data sources and their granularity; the strategies to analyze impacts; the use of forward-looking analysis. It is based on information that the service providers shared with authors and accepted to disclose in Annex 3.
I4CE carried out this review in the frame of the ClimINVEST European project.
In this policy brief, and based on three ongoing research projects on climate finance, I4CE takes stock of the application of article 173-VI and of its implications for the evolution of climate reporting practices and investment management. Drawing on this, I4CE makes recommendations to improve its impact at the French level. It is hoped that these recommendations will also be useful in the debate at the European Union level, while negotiations on a future “European article 173” are underway.
This report identifies the principal areas and issues to be addressed by both public and private financial institutions in the process of mainstreaming climate change and supporting the low-carbon, climate-resilient (LCCR) economy. It is based principally on a desk review and the experience of public development finance institutions and in depth case studies that I4CE has conducted. This report’s focus on DFIs as they have in some cases well over a decade of experience on addressing climate-related issues in their policies and analysis of individual projects.
Financial institutions are increasingly prioritizing climate-related risks and opportunities as part of their financial planning and budding climate strategies.
The TCFD outlines recommendations to manage climate-related risks and opportunities, including the application of internal carbon pricing in scenario analysis, which banks can incorporate into investment decisions across their portfolios.
Internal carbon pricing has emerged as a critical forward-looking metric that can help organizations manage climate-related transition risks and opportunities.