Advisory

Climate-related disclosure services

Industry leaders on climate risk disclosure

Acclimatise is at the forefront of developing methodologies and metrics that help corporates and financial services organisations to identify, quantify, and disclose physical climate risks and opportunities. The regulatory environment governing the disclosure of climate risk is changing rapidly in Europe and beyond. In 2015, France introduced laws mandating climate disclosure for institutional investors and asset managers, in 2017 the Financial Stability Board’s Taskforce on Climate-related Financial Disclosure published recommendations for climate disclosure, and in 2018 the High-Level Expert Group’s recommendations to the European Commission advocated regulatory action. The direction of travel is clear; it pays to be prepared.

Working with us

As a specialist advisory and analytics company focused exclusively on climate risk assessment and adaptation planning for the past 14 years, Acclimatise’s experts have deep knowledge in a wide range of sectors and geographies. Acclimatise draws on its unparalleled experience to ensure your disclosure activities are robust. We help our clients analyse and understand the climate risks and opportunities in their portfolios or operations and guide them through the disclosure process.

Talk to our experts today: Laura Canevari & Robin Hamaker-Taylor.

Showcase: Piloting the TCFD recommendations with commercial banks

The UN Environment Finance Initiative (UNEP FI) and Acclimatise, working with 16 of the world’s largest banks, have released ground-breaking methodologies aimed to help banks understand physical climate risks and opportunities in their loan portfolios. The methodologies, published in the report Navigating a new climate, support the implementation of TCFD recommendations. Using the methodologies banks can begin to assess physical climate risks on key credit risk metrics for climate-sensitive industry sectors. The guidance also sets out how banks can start to evaluate opportunities to support their clients in responding to the resilience challenge.

“The physical impacts of climate change may pose a risk to banks’ loan portfolios… Once banks understand the scale of the risks, this will be a milestone that will encourage other corporates to take climate risk management seriously. Building resilience to physical climate impacts also presents banks with investment opportunities. Those that understand this best will have a competitive advantage.”

Dr Richenda Connell Acclimatise CTO and co-founder

Access the Navigating a new climate report by clicking here.

NavigatingANewClimate

Climate-related disclosure services

Our work

Physical climate risk and opportunity disclosure metrics for corporates

Acclimatise formed part of the technical secretariat which guided the European Bank for Reconstruction and Development (EBRD) and Global Centre of Excellence on Climate Adaptation (GCECA) project to produce a set of disclosure recommendations for corporates. The project resulted in a guidance report, Advancing TCFD guidance on physical climate risks and opportunities which builds on the TCFD recommendations and presents practical guidance for corporates looking to disclose their risks and opportunities with regard to physical climate impacts. This report is the result of a six-month dialogue between industry-led working groups composed of representatives of corporates, financial institutions and regulators. Acclimatise partnered with Four Twenty Seven in this project.

Developing guidance to increase the climate resilience of large infrastructure investments

Acclimatise helped develop a new guidance document to increase the climate resilience of large infrastructure investments. The Lenders’ Guide for Considering Climate Risk in Infrastructure Investments breaks down the ways in which physical climate risks might affect key financial aspects of prospective infrastructure investments. Ten sub-sectors, including airports, marine ports, gas and oil transport and storage, power transmission and distribution, wind-based power generation, data centres, telecommunications, commercial real estate, healthcare, and sports and entertainment, were analysed and illustrated with topical examples. Acclimatise partnered with Climate Finance Advisors (CFA), and Four Twenty Seven to produce this document.