One of the cornerstones of the Task Force on Climate-Related Financial Disclosures (TCFD), as well as governmental regulations such as Article 173 of France’s Law on Energy Transition for Green Growth, center on the need for financial institutions to disclose climate-related risks. However, many financial institutions continue to apply these recommendations haphazardly, with a wide range in terms of the quality and amount of information provided.
Building on their inaugural edition in 2016 and recent international developments in the field of climate-related reporting, the International Awards for Climate-Related Financial Disclosures offer the opportunity for financial institutions to showcase leading practices, share common challenges, and recognize climate-reporting leadership in the sector. They are jointly organized by the French Energy and Environmental Management Agency (ADEME) and the French Ministry of Ecology and Inclusive Transition (CGDD), with the support of the European Commission’s DG-FISMA, Eurosif and the 2° Investing Initiative.
In 2019, the Awards broadened the range of eligible financial institutions, hoping to reach a wider group of actors in the field who can contribute to and benefit from raising awareness of leading climate reporting practices. Eligible candidates include asset managers, asset owners, lenders/private sector banks, development banks and central banks from around the globe.
The Awards will be granted by an independent Jury composed of public institutions, investor coalitions and industry experts, NGOs and standard setters, and academics. They will take place annually from 2019-2021.
For more, please visit: https://climatereportingawards.org/