Deadline for fourth International Climate Reporting Awards approaches

The deadline for entries to the fourth International Climate Reporting Awards 2021, organised by the French Agency for Ecological Transition, the French Ministry of Ecological Transition and 2 Degrees Investing Initiative, closes at the end of July.

Building on global standards, including the Task Force on Climate-related Financial Disclosures (TCFD) and the EU Non-Financial Reporting Directive, the Awards aim to highlight financial institutions that integrate climate-related considerations into their reporting and business practices, as well as help identify new challenges.

The Steering Committee is composed of French and international experts (PRI, EuroSif, Finance for Tomorrow, World Benchmarking Alliance) who act as observers.

The Awards jury is currently being constituted and will comprise 15 to 20 experts, from a mix of public agencies, NGOs, policymakers, academics and investor coalitions. It already includes representatives from the European Banking Authority, the Swiss Federal Office for the Environment, Ceres, the University of Zurich, the Climate Policy Initiative and InfluenceMap.

The Climate Awards are open to any international financial institutions, including asset managers and owners, insurance companies, pension funds and banks, as well as development banks and central banks.

To apply, each candidate needs to fill out a matrix encompassing four pillars: governance and climate strategy; climate-related impacts on investments; investments’ impact on climate issues; transparency and communication. The matrix was created by the Climate Transparency Hub and is mostly based on the TCFD’s recommendations.

The winners will be announced during the Paris for Tomorrow Week (25-29 October).

Information on entering can be found on the Awards website.

In 2020, the jury of 13 sustainable finance experts selected AXA, Barclays and Federated Hermes as the Award winners, while French pension fund ERAFP was awarded the Jury’s Prize.