International Awards for Climate-Related Disclosures by Financial Institutions

Created in 2016, the awards are intended to reward financial institutions that integrate environmental criteria into their activities and investment policies.

In the 2019 edition, six financial institutions based in France, the United States and Australia were recognized for demonstrating innovation and best practices:

Pillar 1: Climate-related integration into overall strategy, governance, & engagement practices: Aviva France

Pillar 2: Climate risk exposure assessment and management: Citi & Allianz France

Pillar 3: Alignment and contribution to the Paris goals: Ircantec

Pillar 4: Climate-related communication plan to clients and beneficiaries: AXA

Jury’s Special Prize: Australian Ethical (having been shortlisted under two of the pillars)

The Awards are jointly organized by ADEME (French Environment & Energy Management Agency) and the French Ministry for the Ecological and Inclusive Transition (CGDD).

The French Government’s support for this initiative is in line with its pioneering work in the field of climate reporting, starting with the adoption of Article 173 (the first climate financial regulation in Europe) in 2015.

As a key contributor to the development of Article 173, the 2° Investing Initiative managed the organization of the criteria development and scoring of applications on behalf of ADEME, CGDD, and the Steering Committee. EUROSIF and the European Commission’s Directorate General for Financial Stability, Financial Services and Capital Markets Union (DG-FISMA) provided additional support.

Awarded by an independent jury representing public institutions, investor coalitions, industry, NGOs, standards bodies and academics, the Awards aim to stimulate innovation and recognize best practices of financial institutions around the world in climate reporting. They are also an opportunity for candidates to receive feedback on their reporting processes, as well as to identify key challenges in climate-related reporting and disclosure.

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