Climate-related litigation risk is the long-term risk that lawsuits targeting companies with high cumulated past emissions create liabilities, based on the company’s share of responsibility in the cost of global warming.
It is not limited to direct emissions and likely to occur in countries where extra- territorial jurisdiction and class action lawsuits exist. The tort cost could include adaptation costs at local level for states and cities (invested by anticipation), thus shortening the time horizon of risk from the years 2050-2100 to today. This concept note focuses on this type of risk.
Independent, non-profit think tank working to align the financial sector with international climate goals.
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2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.
Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.
2°Investing Initiative is delighted to announce its strategic alliance with The Sustainable Finance Observatory!
