NOUS CATALYSONS LA TRANSITION A LA FINANCE DURABLE
WE CATALYSE TRANSITION & INNOVATION FOR SUSTAINABLE FINANCE
IMPROVING ESG DATA AND DISCLOSURES
Some institutions already disclose the Scope 3 “financed emissions” and % of green or brown assets in their portfolios, others will soon have to do so. Gathering, mapping and analysing environmental, sustainability and related governance data and turning it into greenness / brownness % can be time consuming and typically require additional resources at the onset.
Environmental and sustainability data challenges
- A common “taxonomy” of green and sustainable activities is work in progress
- Common metrics, and forward-looking target-setting methodologies are being developed
- Data quality and granularity need to be enhanced to effectively address users’ needs.
- Coverage should be expanded SMEs, residential loans, and emerging markets.
How can we help: We support your teams in assessing environmental and sustainability data requirements, evaluating data sources, analysing the greenness (brownness) of existing portfolios.
ENHANCING ESG REPORTING AND DISCLOSURES
ECSR reports, Art 173 LTE reports, TCFD reports, GRI reports, CDP reports, ICMA Green Bonds Standards and Impact reports… currently governed by different, voluntary standards and processed by different teams.
Environmental and sustainability reporting are evolving under the EU Sustainable Finance Action Plan and EBA/ESMA/EIOPA’s sustainable finance mandates.
Proposals are more stringent and will be subject to more scrutiny. Institutional investors and banks will soon have to disclose:
- Scope 3 emissions in their “EU TCFD” reports and
- the “shading” of investments and loans portfolios in Pilar 3 disclosures (e.g., EBA Sustainable Finance Action Plan).
How can we help: We help your teams prepare for upcoming disclosure and reporting requirements, roadmap tactical and strategic solutions for climate and sustainability reporting, governance and controls.
Status and maturity of climate disclosures for French insurers and for banks
En France, l’article 173 de la loi de transition énergétique pour la croissance verte (2015) impose à l’ensemble des investisseurs institutionnels de publier des informations sur les modalités de prise en compte, dans leur politique d’investissement, des d’objectifs environnementaux et les moyens mis en œuvre pour contribuer à la transition énergétique et écologique.
Etat des lieux de I4CE pour les assureurs
- «L’empreinte carbone des portefeuilles est calculée par presque l’ensemble des assureurs, même si des problèmes de transparence et de méthodologie demeurent notamment sur les émissions Scope 3.
- L’exposition aux risques de transition et aux risques physiques est peu analysée.
- L’analyse basée sur des scénarios est peu utilisée.»
Source: I4CE, « Article 173-VI: bilan du reporting climat après deux ans d’application », Nov 2018
Task Force on Climate-related Financial Disclosures (TCFD) – Progress Report for Banks
