S&P Trucost publishes report Connecting the dots: Energy transition scenarios and credit quality based on The CO-Firm’s modelling results
This report is a part of the Energy Transition (ET) Risks project (funded by the European Commission). Based on The CO-Firm’s scenario analysis results, Trucost explores the impact on credit models and company’s credit quality. Trucost finds that if transition challenges are not addressed properly, worse credit implications are the consequence. The credit implications calculations are based on climateXcellence modelling results showing financial performance on companies in different sectors under various climate transition and company adaptation pathways.
You can read the report here (Verlinkung: http://et-risk.eu/wp-content/uploads/2019/01/Trucost-Connecting-the-Dots-08.pdf)
In order to support finance institutions in their understanding of risks and chances of the global climate change and help them with their climate change related reporting, the Green and Sustainable Finance Cluster Germany e.V. (GSFCG) has founded a think-tank.
It is meant to help implementing the recommendations of the Task Force on Climate-related Financial Disclosures, which was established in 2015 by the Financial Stability Board of the G20- finance ministers and central reserve banks.
In 2017 the Task Force has published recommendations for effective risk-based climate-reporting, which are currently not implemented by all financial institutions yet, but might in the near future have an important impact on European regulations.
The experts within the think-tank have profound knowledge from areas such as regulation, risk and scenario analysis, strategy consultancy, metrics and sustainability reporting. Since January they are working together with finance market players in different workshops to help them understand the background and develop action plans, so the recommendations can already be implemented in daily workflows as of today.
The Frankfurt School – UNEP Collaborating Centre (FS-UNEP Centre) is coordinating the project. Experts are coming from the FS-UNEP Centre itself, but also from consultant companies such as The CO-Firm and d-fine, as well as from the data supplier right. based on science.
Four workshops are planned, two of which have already taken place in January and February. The next one is scheduled for the 9th of April.
More information regarding the Green and Sustainable Finance Cluster Germany e.V. can be found here: https://gsfc-germany.com/
Frankfurt School of Finance & Management
069 154008 785
Green and Sustainable Finance Expert
Frankfurt School – UNEP Collaborating Centre for Climate & Sustainable Energy Finance
Frankfurt School of Finance & Management gemeinnützige GmbH
Adickesallee 32-34, 60322 Frankfurt am Main
Tel: +49 69 154008 859
Climate Alliance Event in Frankfurt on 5th of Dec. 2018 – Financing energy efficiency in Germany, France and Austria
Dr. Nicole Röttmer, CEO of The CO-Firm, will moderate a part of this event, aiming to present and discuss EU energy efficiency policy and different ways to finance energy efficiency investments in Germany, France and Austria. Best practice from projects addressing energy efficiency in the buildings, industry and sustainable transport sectors will be shared. Speakers will focus on practical experience in developing, structuring and financing energy efficiency investment programmes.
This event is organised by the European Commission, in partnership with the German Ministry of Economics and Energy and the UN Environment Finance Initiative. It is part of the Sustainable Energy Investment Forums contract, funded by the Horizon 2020 programme of the European Union.
Meet us at the conference on 22.11.2018 on the subject of comparing methods of climate risk tools and gain insight into current initiatives, approaches and tools for assessing climate risk in the financial sector (Conference is in German).
Presented: Climate Risk Scanner (UBA/Ecofys et al.), PACTA (2° Investing Initiative), CARIMA (University of Augsburg & VfU), Carbon Value at Risk (Carbon Delta), UNEP-FI Tool, ISS Oekom and climateXcellence (The CO-Firm).
Our CEO, Dr. Nicole Röttmer, will be present at this event in Berlin, taking part at the workshop and the panel „Climate change as a challenge for companies and the finance insustry“. Panel partners will be Thomas Liesch (Allianz SE), Jan von Mallinckrodt (Union Investment Real Estate) and Laura Wollner (Evonik Industries AG).
Dr. Nicole Röttmer, CEO of The CO-Firm participated at a workshop in Milan, Italy on the 16th of November 2018, presenting the „ClimateXcellence“-tool developed by her company to evaluate the financial impact of climate risks and chances, to international experts.