The International Awards for Climate-related Disclosures by Financial Institutions is jointly organised by the French Environment and Energy Management Agency (ADEME) and the General Commission for Sustainable Development (CGDD) of the French Ministry for the Ecological and Inclusive Transition, with the support of the European Sustainable Investment Forum (Eurosif) and the European Commission Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA).
2° Investing Initiative (2°ii) is managing the day-to-day organisation of the event on behalf of ADEME and the CGDD.
The French Government held the inaugural edition of the Awards in 2016 and will hold them annually from 2019 through 2021.
Brune POIRSON, Secretary of State to the Minister for the Ecological and Inclusive Transition said: “The climate-related disclosure regulations put in place since 2015 with Article 173 have led to a deep reflection about the environmental impact of organizations’ activities. France is proud to reintroduce and organize this international award to recognise investors who understand the climate urgency and associated reporting requirements. It is a fantastic opportunity for French and international organisations to demonstrate their leadership in climate-related reporting.”
Arnaud LEROY, ADEME President, said: “The 2019 Awards will build on the ongoing work of the European Commission and will seek to recognise a number of recent developments in climate-related reporting, including Article 173 in France, the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the EU Non-Financial Reporting Directive, as well as the significant wider European and global national reporting requirements.”
Will OULTON, Chairman of Eurosif said “In order to make well informed investment decisions, fiduciaries require appropriate high-quality disclosures. I welcome these awards as they will provide an incentive for better climate reporting in Europe and beyond”.
Olivier GUERSENT, FISMA's Director General said " The EU is implementing a strategy for a financial system that supports the EU's climate and sustainable development agenda. These awards should encourage better climate-related reporting by financial institutions".
The awards will recognize good practices in climate-related reporting of financial institutions, as well as build on the ongoing work of the European Commission (EC) and other governments and initiatives.
The 2019 Award will support the implementation of the Taskforce on Climate-related Financial Disclosures (TCFD) Recommendations, the EU Non-Financial Reporting Directive and equivalent wider global reporting requirements and initiatives, as well as continue to support the implementation of the Article 173-VI of the Law on Energy Transition for Green Growth (LTECV) in France.
The awards are international, and not restricted to French and/or European institutions.
In addition to rewarding the best disclosures, the 2019 Awards edition has three primary goals:
The awards will be granted by an independent Jury. The evaluation criteria will build on the original evaluation criteria grid developed and approved by the CGDD and the French Treasury in 2016 and will reflect recent climate-related reporting developments.
The awards will be overseen by a Steering Committee, comprising of ADEME, CGDD, DG FISMA and Eurosif representatives. The Steering Committee will set the strategy and direction of the awards and will be responsible for ensuring that the methodological criteria are consistent, robust and reflective of the market’s reporting in line with regulations and frameworks.
Under the Steering Committee’s responsibility and the independent Jury’s advice, the 2° Investing Initiative will manage the development of the evaluation criteria grid, the organisation of the consultation process and awards event. 2°ii will therefore also attend Steering Committee meetings as a non-voting member.
Stan DUPRÉ, CEO of 2°ii, said: “We are honoured to help lead the recognition of best practice in corporate reporting. France continues to build its global leadership position in this field, and we are delighted to be able to build on our 2016 role.”
The awards are international and all financial institutions from the following categories are invited to apply:
The Jury will grant:
The jury reserves the right to identify additional awards categories if required, as well as the right to decline awarding awards for any of the above categories if the overall quality is not sufficient, or there are not enough applicants in the category.
Copyright © 2019 Climate Reporting Awards