This briefing provides a roadmap for financial regulators and climate policymakers to supervise and monitor regulated entities’ capital misallocation relative to the Paris Agreement and potential financial risk associated with the transition to a low-carbon economy.
The step-by-step game plan forms a basis of action that can be used and adapted by regulators to their country specific context around regulatory mandates on disclosure and others. The note forms the output of the discussion of an informal working group of financial supervisory authorities, treasuries, and private sector actors, convened at the Corsica seminar in 2016.
Independent, non-profit think tank working to align the financial sector with international climate goals.
© The 2° Investing Initiative
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!
