Financial institutions face challenges in identifying and processing data on climate hazards to assess physical climate risk and fulfil TCFD-reporting requirements. Results from ClimINVEST and similar projects will be used to produce a dataset of climate hazards that will be a reference for assessing physical climate risk for different sectors and assets, in line with TCFD recommendations.
This presentation series aimed at providing guidance for the financial sector dives into climate hazards and case studies on physical climate risk.
The Norwegian real estate company Entra is the first company in Norway to have its revenues, investments and governance structure assessed in shades of green or brown in line with the updated Shades of Green methodology. The methodology has been developed in the ‘Sustainable Edge’ project in cooperation with leading Norwegian financial institutions, CICERO Shades of Green and ENOVA (the Norwegian public energy enterprise).
For the fourth year in a row CICERO Shades of Green is recognized for its work on green bonds. The CICERO subsidiary has been voted by leading investors as the external assessment provider of the year.
RECEIPT (REmote Climate Effects and their Impact on European sustainability, Policy and Trade) will map potential impacts and risks of climate extremes outside Europe on European socio-economic sectors.
