Press & Events Centre

Press & Events Centre 2018-11-01T17:21:37+00:00

Press releases and events

Finance ClimAct: Implementing the French action plan on sustainable finance

We are delighted to announce the launch of a new project, “Finance ClimAct”, to align the French and European action plans on sustainable finance and to strengthen French positioning on this topic. ADEME (the French Environment & Energy Management Agency) and the 2° Investing Initiative (2DII) devised the initial blueprint for the project, in close collaboration with the supporting partners. […]

December 13th, 2019|NEWS, PRESS|

New Report: Passing the Baton – Shareholder Resolutions & their Contribution to Investor Climate Pledges

In a newly released report, “Passing the Baton: Climate-Related Shareholder Resolutions and their Contribution to Investor Climate Pledges,” the 2° Investing Initiative sheds new light on the investors’ demands for climate action. See our key findings below: […]

December 10th, 2019|NEWS, PRESS|

The Katowice commitment: one year on

As COP25 begins in Madrid, the 2˚ Investing Initiative and the five Katowice signatories look back on progress over the past year and what's ahead. Find the full statement below: As five leading global banks with a combined loan book of over €2.4 trillion - BBVA, BNP Paribas, ING, Société Générale and Standard Chartered - we believe we have a critical role to play in supporting Article 2.1c of the Paris Agreement: “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” This is why at last year’s COP24 in Katowice, we made a historic commitment: pledging to measure the climate alignment of our lending portfolios, and to explore ways to progressively steer financial flows through our core lending towards the Paris Agreement’s goals. The Katowice commitment contributed to inspiring the Collective Commitment to Climate Action, signed by 34 banks (representing $13 trillion in loans) willing to commit to aligning their business with the Paris Agreement, as part of the UNEP FI Principles for Responsible Banking, signed by more than 130 banks around the world. Both were announced in September 2019 in New York at the UN Secretary General’s Climate Action Summit. At the heart of this pledge was the commitment to develop open-source methods and tools for measuring the alignment of our lending portfolios with the Paris Agreement goals, partnering with organizations like the 2˚ Investing Initiative. As part of this commitment, we’re also leading the implementation of these tools to “put the money where [...]

December 9th, 2019|NEWS, PRESS|

Allianz France, Australian Ethical, Aviva France, AXA, Citi, and Ircantec recognized at the International Climate Reporting Awards

Under the High Patronage of Brune Poirson, Secretary of State to the Minister for the Ecological and Inclusive Transition, Arnaud Leroy, CEO of ADEME, announced the winners of the International Climate Reporting Awards on November 28, 2019. […]

November 28th, 2019|NEWS, PRESS|

Official launch of the Climate Tech Compass, a new platform to help investors align with the Paris Agreement goals

As COP25 kicks off, the 2° Investing Initiative and Beyond Ratings are delighted to announce the official launch of the Climate Tech Compass, which helps governments, corporates, and financial institutions align their investments and policies with the Paris Agreement goals. […]

November 28th, 2019|NEWS, PRESS|

Op-ed by Stan Dupre in Environmental Finance: In response to accusations that Enel’s SDG bond was greenwashing

Now that the G-word has been dropped, let’s talk about it, says Stan Dupré Quoted by Environmental Finance last week, a representative from the green bond investor Nuveen charged that the “SDG-linked bond” recently issued by Italian electricity giant Enel amounted to “greenwashing.” The first-of-its-kind bond is linked to a commitment to increase the coupon by 25 basis points if the company fails to meet its renewables capacity development targets by the end of 2021. A Nuveen representative argued, “That is not a green bond to us. If you want to issue a green bond, then issue a green bond funding the direct projects that are transitioning them to 55% renewables.” He added, “Effectively, all they have done is pay … an option on not delivering their renewables goals”. So now that the “G-word” has been dropped, it might be the right time to ask: in many ways, isn’t the ‘green bond’ concept itself a form of greenwashing? […]

November 4th, 2019|NEWS, PRESS|

CONFERENCE: Beyond Alignment: Monitoring the financing of the energy transition

When? November 28th 2019 from 10am to 1pm Where? La Fabrique Événementielle, 52 ter Rue des Vinaigriers, 75010 Paris Reading material linked to the event Presentation Briefing note During Paris for Tomorrow week, 2°ii and Beyond Ratings are organizing an event on November 28th, 2019 to discuss the financing of the energy transition and launch the Climate Tech Compass, which allows you to map country level sectoral technology pathways consistent with a 2°C scenario, as well as explicit investment options in climate relevant sectors. The audience will be invited to participate in panel discussions on the following topics: 1. Transition strategies: How can we accelerate the energy transition through innovative investment strategies and products? 2. Transition monitoring: What are the indicators and tools available to track progress and ensure our actions are taking us toward greater alignment with the Paris Climate Goals? Why attend? Learn about the new online platform, the Climate Tech Compass, developed by Beyond Ratings and 2°ii Hear from financial institutions leading the way in terms of investment strategies and metrics to track progress for financing the energy transition, as well as NGOs pushing the ambition of climate-aligned finance Participate in envisioning next steps to make progress on financing a low-carbon economy What is it about? This event will mark the launch of Climate Tech Compass, developed in partnership with Beyond Ratings as part of an EIT Climate-KIC project. The platform will enable key stakeholders to map the technology transition and investments necessary to achieve the 2°C target. The data is available at [...]

October 29th, 2019|EVENTS, NEWS, PRESS|

WEBINAR: Enhancing Transparency & Aligning Private Financial Flows with the Paris Agreement

When? On November 11, 2019 from 14.00 to 15.00 (CEST) This technical webinar will focus on how to use the PACTA model to measure the alignment of equity/corporate bond portfolios and global bank loans with the Paris Agreement. Free and open-source, the PACTA methodology analyses exposure to climate change-related sectors in equity and fixed-income portfolios over multiple scenarios – and compares it with scenarios needed for a climate-safe transition. More than 1,500 financial institutions worldwide have already applied the methodology on over $10 trillion in assets under management. The webinar comes in the context of our support for the Swiss and Dutch government-led initiative, announced at the UN Climate Action Pre-Summit 2019, to help align private financial flows with the Paris Agreement. As part of this initiative, governments (national or sub-national), including some of the world’s biggest financial hubs, and financial institutions are committing to monitor their climate impact and their alignment with the 1.5°C temperature goal. Committed governments and financial institutions will enjoy a number of free benefits, including the chance to participate in testing the enhanced version of the PACTA methodology in 2020. Speakers Jakob Thomä, Managing Director at 2° Investing Initiative Silvia Ruprecht, Senior climate policy advisor in the Swiss Federal Office for the Environment FOEN Access the webinar recording here. To learn more about the PACTA methodology and its role in the Swiss/NL Initiative, please see https://www.transitionmonitor.com/pacta-2020/ or contact transitionmonitor@2degrees-investing.org This project has received funding from the European Union’s Life NGO programme under grant agreement No [...]

October 23rd, 2019|EVENTS, NEWS, PRESS|

Responsible Investor: ‘There are more effective alternatives to the Green Supporting Factor’

Our former analyst, Soline Ralite, was featured in Responsible Investor’s series,  ‘The EU Action Plan: What Matters To Me’ […]

October 22nd, 2019|NEWS, PRESS|

Event: International Climate Reporting Awards Ceremony

Brune POIRSON, Minister of State attached to the Minister for the Ecological and Inclusive Transition, is delighted to invite you to the ceremony for the second edition of the International Climate Reporting Awards in presence of Olivier GUERSENT, Director General of DG FISMA, and Arnaud LEROY, ADEME CEO and Thomas LESUEUR, Commissioner-General for sustainable Development. In addition to announcing the winners, a series of high-level conversations and panels will provide an overview of some of the key reporting drivers, best practices and challenges which international financial institutions are currently working on. The Awards build on the French Article 173, European Action Plan and TCFD guidelines aims to stimulate innovation and recognize the best climate reporting practices of international financial institutions. The 2019 awards are awarded by an independent jury and will highlight collective efforts and knowledge across different institutions and regions. To register for the event, please click here.

October 16th, 2019|EVENTS, NEWS, PRESS|