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 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.
Find out more: https://climatereportingawards.org/