France kicks off third international climate-related reporting awards
Competition open to all financial sector actors
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France is launching its third international climate-related reporting awards for financial organisations following previous competitions in 2016 and 2019.
The awards are organised by the French Ministry for the Ecological and Inclusive Transition, the French Ecological Transition Agency (ADEME), the non-profit think tank 2° Investing Initiative, and the Sustainability Accounting Standards Board (SASB).
Submissions opened today (May 18) and run through to July 13th.
The awards, open to asset managers, asset owners, insurance companies and banks (including development banks and central banks) aim to share expertise in the field of investor and help identify challenges in climate reporting by financial institutions.
They build on international standards including the Task force on Climate-related Financial Disclosures (TCFD) and the EU Non-Financial Reporting Directive.
Awards will be made according to the type of financial institution.
In 2020, the Awards scoring system has been updated to look at how institutions perform climate stress-testing for the first time. All applicants will have to receive a minimum score against some criteria to be eligible for awards.
In 2019, the top prizes went to six financial institutions from the U.S., France, and Australia: Aviva France, Citi, Allianz France, Ircantec, and AXA. Australian Ethical won the Jury’s Special Prize, having been shortlisted under two categories.
Brune Poirson, Secretary of State to the Minister for the Ecological and Inclusive Transition, said: “France has always been a pioneer in developing best reporting practices. The Climate Reporting Awards enable international actors to measure their performance against their peers and global standards.”
More information can be found on the official Awards website
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