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October 29, 2021

ERAFP, KBC, Aviva & AXA take top prizes at this year’s International Climate Reporting Awards

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For the fourth edition of the International Climate Reporting Awards, a high-level event brought together global sustainable finance experts to discuss the role of climate disclosures in the net-zero transition. The event was held as part of Paris for Tomorrow Week and organized by the French Agency for Ecological Transition (ADEME), the Ministry of Ecological Transition (CGDD), and the think tank 2° Investing Initiative (2DII).

2021 winners:

  • Asset Managers: ERAFP (French public service additional pension scheme)
  • Banks: KBC Group
  • Insurance: Aviva
  • Jury’s prize: AXA Group

Thibaut Ghirardi, Managing Director France, 2° Investing Initiative said: “The quality of the financial institutions that responded to this year’s International Climate Reporting Awards illustrates the growing focus by the financial sector on this topic. While various climate reporting and disclosure frameworks are now well established, what really matters is how they are implemented. In this respect, climate reporting and its future developments are absolutely decisive, and we are delighted to help spur progress on this topic in France and internationally.”

More on the Climate Reporting Awards

Building on leading global standards, including the Task force on Climate-related Financial Disclosures (TCFD) and the EU Non-Financial Reporting Directive, the Awards aim to recognize financial institutions that integrate climate-related considerations into their reporting and business practices. For the first time this year, the Awards were closely integrated with the new Climate Transparency Hub (CTH) in order to promote transparency and best reporting practices around the globe. This fourth edition of the Awards was organized by CGDD, ADEME and 2DII with a high-level steering committee composed of the World Benchmarking Alliance, Principles for Responsible Investment, Finance for Tomorrow, Luxembourg Sustainable Finance Initiative, and Eurosif.

Find out more about the Climate Reporting Awards here.

Access the event replay here.

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2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.