The risks of climate change are increasingly affecting the real and financial economy. On the one hand climate-related influences on economic value chains (e.g. damage to buildings and production facilities) must now be taken into account much more strongly than in the past. On the other hand, there are new so-called transition risks which result from the transition to a low-carbon economy and lead to a revaluation of investments.
In order to reduce the risks to the financial market the “Task Force on Climate Related Financial Disclosure” (TCFD), set up on behalf of the G20 Finance Ministers, recommends an extended reporting of the real and financial sector on climate change as part of the financial reporting. With good cause: the financial experts assume that by the end of this century investment assets worth 43 trillion US Dollars are at risk (TCFD Recommendations, 2017).
Against this background, CO-Firm has developed a sound tool for assessing specific climate transitions. Based on predefined, recognized scenarios, companies and investors can now more easily and quickly identify their financial risks. Special attention was paid by the experts of CO-Firm on a valid data basis.
climateXcellence complements your reporting
- in line with the recommendations given by the Task Force on Climate-related Financial Disclosures (TCFD)
- in line with upcoming CDP-Reporting
- in line with the French Energy Transition Law’s Art. 173
- your own individual modelling
- latest research on climate transition that you require for selected sectors, countries, companies or scenarios
Learn more: climateXcellence@co-firm.com
climateXcellence allows you
- to access a predefined, acknowledged set of scenarios adjusted to enable financial risk modelling;
- to benefit from databases capturing more than 30 countries and more than 200,000 factories and products within the TCFD priority sectors;
- to leverage modelling approaches that were co-developed with Allianz Global Investors, Allianz Climate Solutions, WWF Germany and the Investment Leaders Group hosted by the University of Cambridge. In addition, the European Commission’s Energy Transition Risk project consortium (Kepler Chevreux, Standard & Poor’s, Oxford University, 2° investing initiative, I4CE) also co-designed this approach which has been acknowledged by, amongst others, the G 20 Green Finance Study Group.
climateXcellence comprises a set of different models and databases, covering the company-, sector- and country-level in various high-risk sectors throughout the world. climateXcellence builds on the CO-Firm’s proprietary as well as on third party databases on real economy assets. Therefore products and production sites of the relevant sectors from the real economy, technical energy saving measures, measures improving carbon efficiency as well as pre-defined climate scenarios and the sector-specific contexts are taken into account.