Phase I
UNEP FI together with twenty of the world’s leading asset managers and owners conducted its first TCFD pilot project for investors during 2018 and 2019. Participants developed scenarios, models, metrics and, ultimately, a risk assessment tool to enable investors to assess climate risk across their portfolio. Technical partners included Carbon Delta (now MSCI) and Vivid Economics. The work conducted during the pilot was detailed in a final report – published in 2019 – for the benefit of the investment sector.
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In February 2021, UNEP FI published additional insight for financial institutions to help them understand third party climate risk assessment providers, as well as regulatory developments.
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Phase II
The second phase of UNEP FI’s TCFD pilot for investors commenced in 2021. It will expand on the first phase of work by introducing new climate risk assessment methodologies and exploring sector-specific risks and opportunities. If you are interested in participating in Phase II or would like to learn more, please contact David Carlin.