A financial institution

Financial institutions face many challenges in the context of the French and European transition to a low-carbon, climate-resilient economy. The involvement of financial players can vary: adaptation to changes, support for businesses, or commitment to generate an impact. In all cases, far-reaching changes are required to adapt tools and practices to changes in regulations, the economy, markets and the expectations of customers and project leaders. Finally, the financial system must place climate considerations at the heart of its operations in order to control risks and identify opportunities. In line with the sustainable finance plans defined in the National Low Carbon Strategy and the European Green Pact, the ClimAct Finance project seeks to integrate climate into risk management and to strengthen transparency in terms of the contribution of institutions to the fight against climate change and their resilience to its consequences.

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  • A financial institution Climate disclosure Climate disclosure platform
    CTH: State of practice study - climate reporting (2020) 9 May 2023

    The production of this study is part of the cyclical operation of the Climate Transparency Hub (CTH). Following the analysis of 29 climate reports from French financial institutions for the year 2020, this study provides an overview of the state of climate reporting practices, based on the sample analysed. It is a study of the practices identified by the 29 proactive institutions supporting the CTH initiative, based on a matrix of analysis criteria. As part of the analysis of the 2020 reports, which are the last before the application of article 29 of the Energy and Climate Law, we have integrated into this analysis grid certain specific elements that will be expected in the next system. A focus is made on the most significant elements (taxonomic and fossil exposures, remuneration policy, means, objectives, risk management system, continuous improvement plan), materialized by a mention "New Art. 29 ECL" and a reminder of the new regulatory provisions introduced. This report is mainly intended for financial institutions subject to this reporting exercise in order to help them improve their practices. It will also be of interest to regulators and climate analysts who would like to observe the different responses given by financial institutions on specific questions of this dense and heterogeneous exercise. Download file

  • A financial institution Climate Stress-tests
    Transition risks: multi-model analysis for France - Comparative study of the implementation of NGFS scenarios 28 March 2023

    Transition risks: multi-model analysis for France Comparative study of the implementation of the #NGFS scenarios To assess the specific impact of transition risks at the French level, four teams of macroeconomists from ADEME, SEURECO, CIRED and the Banque de France (as individual members) participated in a joint exercise to model, assess and compare the macroeconomic and sectoral impact of three transition scenarios proposed by the NGFS by 2050. Download file

  • A financial institution Climate target setting
    Bank transition plans 26 April 2022

    As part of the LIFE Finance ClimAct project, the Institute for Climate Economics (I4CE) has published a note on the integration of bank transition plans within Pillar 2 Download file

  • A financial institution Climate disclosure Climate disclosure platform
    The Climate Transparency Hub publishes Memo 1 summarising the climate governance and strategy of its 2020 annual report, a study on the state of climate reporting practices, information and data. 9 December 2021

    The CTH has analysed the characterised reports of the 28 French institutions that took part in this voluntary participation in 2020 on their 2019 financial year. The study provides an exhaustive state of the art of their climate reporting and highlights the most advanced practices. This first study will serve as a reference to see how they are evolving. This memo, the first of a series of three summarising the main findings, focuses on climate governance and strategy and in particular - Governance and management of climate issues - Commitment of issuers - Climate strategy Download file

  • A financial institution Climate target setting
    CLIMATE IMPACT MANAGEMENT SYSTEM (CIMS): A METHODOLOGICAL FRAMEWORK FOR DEVELOPING A CLIMATE STRATEGY IN FINANCIAL INSTITUTIONS 25 October 2021

    The objective of the CIMS is to help financial institutions design climate strategies with a high impact on climate change mitigation. It is particularly useful for financial institutions that have made long-term commitments (i.e. "Net Zero" commitments) and wish to implement short-term strategies to meet these commitments. CIMS can be applied at the level of the financial product, the business line or the institution as a whole. Although it is primarily designed for financial institutions, it can also be used as a basis for developing labelling or certification schemes for financial products. Download file

  • A financial institution Climate stress-tests Climate Stress-tests
    I4CE publishes new reflexions to the analytical work conducted by the NGFS on the transition scenarios that can be used in climate stress tests, trying to demonstrate the importance of analysing transition risks at a finer sectoral level 9 October 2021

    Discover the I4CE report proposing new reflections in relation to the construction of transition scenarios that can be used in climate stress tests, bringing a more refined sectoral approach than that proposed by the NGFS. Download file