Collaborators
The SBTi-Finance project enables financial institutions to set targets for their investment and lending portfolios that are aligned with the reductions needed to stay in line with well-below 2°C and 1.5°C climate scenarios. The goal of the initiative is to make science-based target setting standard practice and for these targets to result in emissions reductions in the real economy. SBTi-Finance intends to raise the ambition of the finance sector by defining and promoting best practice in science-based target setting and providing methods, criteria, guidance and tools to reduce the barriers to adoption and implementation (i.e. actions that lead to atmospheric reductions of GHG concentrations). Within the broad ecosystem of organizations and value chains that link financial institutions with GHG emissions in the real economy, SBTi-Finance is focused on ex ante targets at the asset class level. Further information
PCAF is a global partnership of financial institutions that work together to develop and implement a standardized approach to measure and disclose the greenhouse gas (GHG) emissions associated with loans and investments (i.e., financed emissions). Currently, close to 100 banks and investors from Africa, Asia Pacific, Europe, Latin America and North America have subscribed to the PCAF initiative. PCAF institutions work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose financed emissions. By doing so, PCAF institutions take an important step to assess climate-related risks and opportunities, set targets in line with Paris Climate Agreement and develop effective strategies to decarbonize our society. Further information
Convergence is the global network for blended finance, and generates blended finance data, intelligence, and deal flow to increase private sector investment in developing countries. Our global membership includes public, private, and philanthropic investors as well as sponsors of transactions and funds. We offer this community a curated, online platform to connect with each other on blended finance transactions in progress, as well as exclusive access to tailored trainings and original knowledge products such as case studies and reports. To accelerate advances in the field, Convergence also provides grants for the design of blended finance solutions that could attract private capital to global development at scale. Further information
The Anthropocene Fixed Income Institute (AFII) is a global non-profit institute with the aim to empower the fixed income markets to drive the climate transition. AFII takes a market-based approach, offering forward thinking research and technical resources that will lead to climate positive portfolio strategies. The organization strives to integrate conclusions of its research into the investment decisions by asset owners and also conducts outreach to help increase the knowledge and understanding of the key role fixed income can play in achieving positive climate impacts. Further information
Supporters
The Swiss Insurance Association represents the interests of the private insurance industry at the national and international level. The association comprises around 70 primary insurers and reinsurers employing a workforce of 49,900 people in Switzerland. Overall, the member companies of the SIA account for about 85 per cent of insurance premiums generated in the Swiss market. Further information
The French Insurance Federation (FFA, Fédération Française de l’Assurance) brings together 260 insurance and reinsurance companies representing 99% of the market. Its mission is to represent the industry’s interests vis-à-vis the public authorities and various partners, in France and abroad. The FFA centralizes statistical data and ensures that information is disseminated to partners and the media. It also organizes prevention and training actions. Further information
VBDO is the Dutch Association of Investors for Sustainable Development. Since its inception in 1995, VBDO’s mission is to create a sustainable capital market. VBDO’s vision: sustainable investment is mainstream. VBDO encourages financial institutions and listed companies to perform better in the area of sustainable investment and to make their own business operations more sustainable. It does this in a number of ways, including through benchmarking and by running surveys. Engagement is an important tool in moving towards a more sustainable capital market so, every year, representatives from VBDO attend shareholders’ meetings to ask questions about specific sustainability themes. Further information
The Berlin-based German Insurance Association (GDV) is the federation of private insurers in Germany. Its about 460 member companies offer comprehensive coverage and retirement provisions to private house-holds, trade, industry and public institutions, through almost 446 million insurance contracts. Further information
The Intentional Endowments Network is a non-profit, peer-learning network advancing intentionally designed endowments—those that seek to enhance financial performance by making investments that advance an equitable, low carbon, and regenerative economy. Working closely with leading organizations, the network engages leaders and key stakeholders from higher education, foundations, business, and nonprofits. It provides opportunities for learning and education, peer networking, convening, thought leadership and information exchange around a variety of strategies (e.g., ESG integration, impact investing, and shareholder engagement). Further information
Insurance Europe is the European insurance and reinsurance federation. Through its 37 member bodies—the national insurance associations—it represents insurance and reinsurance undertakings that pay out almost €1,000bn annually (or €2.7bn a day) in claims and benefits, directly employ nearly 950,000 people and invest over €10.4trn in the economy. Furthermore, based in Brussels, Insurance Europe, works to ensure regulation supports insurers’ dual role of mitigating unforeseen events and investing in sustainable economic development. Further information
Accounting for Sustainability (A4S) was established by HRH The Prince of Wales in 2004: “to help ensure that we are not battling to meet 21st century challenges with, at best, 20th century decision making and reporting systems.” A4S’s aim is to transform finance to make sustainable decision making, business as usual. They do this by: inspiring finance leaders to adopt sustainable and resilient business models; transforming financial decision to enable an integrated approach; and scaling up action across the global finance and accounting community. Further information
Founded in 1973, The Geneva Association is the only international association of insurance companies; its members are insurance and reinsurance CEOs. As the think tank for the global insurance industry, The Geneva Association carries out rigorous research in collaboration with its members and their companies, academic institutions, and multilateral organisations. Further information
The Austrian Green Finance Alliance is one of the first state-run initiatives worldwide, combining a voluntary pledge of financial companies to the Paris Agreement with the obligation to fulfill a set of binding, science-based criteria targeted at their core business. The criteria catalogue covers the lending and investment portfolios as well as underwriting portfolios of the members and defines e.g. criteria for phasing-out of fossil fuels, for expanding green activities and for annually disclosing climate-related information. The members are guided by an independent expert team that carries out a yearly monitoring. Regular webinars and workshops support the capacity building of the initiative’s members. Further information
Legal Advice
Freshfields helps the world’s leading international organisations solve their most complex legal challenges wherever they arise. As part of the firm’s ambition to support its clients in their transition to a more sustainable future, it advises the Alliance on antitrust and corporate law issues on a pro bono basis. Further information