These recommendations were issued a few days before the launch of this report and build on the climate risk taxonomy (developed by 2° Investing Initiative as part of the Portfolio Carbon Initiative work with WRI and UNEP-FI)
Our report describes four pathways which are related to the following points:
- France’s pioneering investor transparency law in the form of Article 173 and the subsequent Climate Reporting Awards, co-organized by 2° Investing Initiative, the French Environment Ministry, and the French Treasury;
- The Swiss government’s pathway, pursued in partnership with 2°ii and based on a free and voluntary 2°C assessment for all Swiss pension funds;
- Internal assessments by regulators across Europe and in the United States looking at mobilising existing supervisory data and reporting (notably under EIOPA guidelines for insurance companies);
- Public reporting of portfolio data allowing for third-party assessments, as is currently the case for Swedish public pension funds and US insurance companies and mutual fund managers.