改变航向：投资者综合指南：响应TCFD利用情景分析评估气候风险（英文）.pdf

A comprehensive investor guide to scenario-based methods for climate risk assessment, in response to the TCFD May 2019 Changing Course | | 1 Twenty institutional investors from eleven countries, convened by UNEP FI and supported by Carbon Delta, have worked throughout 2018–2019 to analyse, evaluate, and test, state- of-the-art methodologies to enable 1.5°C, 2°C, and 3°C scenario-based analysis of their portfolios in line with the recommendations of the FSB’s Task Force on Climate-related Financial Disclosures (TCFD). The outputs and conclusions of this Pilot are captured in the following report and aim to enhance the understanding and ease adoption of the TCFD recommendations by the wider investment industry. UN Environment – Finance Initiative is a Vivid Economics is a strategic consul- Carbon Delta is a climate change data partnership between UN Environment tancy providing our private and public analytics firm that quantifies investment and the global financial sector created in clients with deep sectoral and thematic risks for more than 30,000 companies the wake of the 1992 Earth Summit with expertise at the nexus of finance, along numerous climate change scenarios. a mission to promote sustainable finance. commerce and the environment. For our With our Climate Value-at-Risk (CVaR) More than 200 financial institutions, financial sector clients, we provide policy model we aim to em power financial including banks, insurers, and investors, and market intelligence, scenario model- institutions with the tools necessary to work with UN Environment to under- ling, and risk and opportunity assessment protect assets from the worst effects stand today’s environmen