Technical analysis of key elements of the climate benchmark standards & potential solutions

This document forms part of 2° Investing Initiative’s response to the European Commission’s consultation on the draft delegated regulation for minimum climate benchmark standards.

Among other solutions for improving the benchmarks, it proposes:

  • An independent process for evaluating the effects of policy to date
  • More rigorous safeguards for managing conflicts of interest
  • Broader consideration of citizens’ wants and needs
  • An agenda based on existing scientific evidence on ways to reduce emissions and improve the sustainability of the EU economy

About our funders: This project has received funding from the European Union’s Life NGO program under Grant No LIFE19 NGO/SGA/countryDE/100040. This work reflects the authors’ views only, and the funder is not responsible for any use that may be made of the information it contains.

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: the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.