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ISO Standard for Investment, Financing and Climate Change

This report provides options for standardization examined by the ISO 14097 working group. It is based on a review of more than 130 financial institutions’ actions and initiatives on the integration of climate-related issues and current standards and disclosure frameworks aiming at improving financial institutions' practices and its comparability.

The report identifies 7 concepts as the most used by financial institutions currently considering climate issues in their practices and presents a critical analysis of concepts building on the criteria developed by the French government and 2° Investing Initiative in the context of the International Award on Investor Climate-related Disclosures.

The criteria was developed to assess the best practices of climate disclosure in the context of the implementation of the Article 173 of the Energy Transition Law on mandatory climate disclosure for investors and banks. An independent jury composed of public administration, MPs, investor groups and NGOs applied this criteria in the selection of the award winners.

More on ISO 14097

ISO (International Standards Organization) Standard 14097 was proposed by the French national standardization body, AFNOR, and approved by ballot in January 2017. The conveners are Stanislas Dupré, CEO of 2DII, and Massamba Thoiye, Manager of the Sustainable Development Mechanism Program of the UN Framework Convention on Climate Change (UNFCCC). Its objective is to create a standard for measuring and reporting financing and investment activities related to climate change

 

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: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.