Digital library on sustainable finance

THEME

REPORT TYPE

LANGUAGE

YEAR

 – 

search

REGION

TITLE

AUTHOR

PUBLISHED

LANGUAGES

TITLE Gender & Climate Investment: A strategy for unlocking a sustainable future
AUTHOR GenderSmart
PUBLISHED Feb 2021
LANGUAGES EN 
More

Summary

While sustainable investing is no longer a new kid on the block, investment strategies that take an integrated gender and climate lens to investment decisions are still relatively new. This report highlights five foundational reasons for gender and climate investing. It showcases how this can be applied through three deep-dive sectoral analyses in energy, agriculture and infrastructure.

Link

TITLE Study on sustainability-related ratings, data and research
AUTHOR European Commission
PUBLISHED Feb 2021
LANGUAGES EN 
More

Summary

This study describes the state of the play of the sustainability-related products and services market in Europe; establishes an inventory and classification of market actors, sustainability products and services available in the market; and analyses the use and quality of sustainability-related products and services by market participants.

The study explores how the reliability and quality of assessment of sustainability-related data, ratings and research by third party providers can be enhanced and provides recommendations to stimulate demand and improve the quality of supply. The research is based on a combination of desk research and stakeholder engagement with various actors across the value chain.

Link

TITLE Final Report on draft Regulatory Technical Standard
AUTHOR Joint Committee of European Supervisory Authorities (ESAs)
PUBLISHED Feb 2021
LANGUAGES EN 
More

Summary

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published its final report on the content, methodologies and presentation of disclosures under the EU Regulation on sustainability-related disclosures in the financial services sector (SFDR). The report also covers the the draft Regulatory Technical Standards (RTS), which aim to strengthen protection for end-investors by improving Environmental, Social and Governance (ESG) disclosures to end-investors on the principal adverse impacts of investment decisions and on the sustainability features of a wide range of financial products.

Link

TITLE Pathways to Paris: A practical guide to climate transition scenarios for financial professionals
AUTHOR UNEP FI & CICERO
PUBLISHED Feb 2021
LANGUAGES EN 
More

Summary

This guide explains how to understand and apply climate scenarios in a financial risk context. It also provides a series of recommendations for enhancing the development and application of Integrated Assessment Models (IAMs) by financial institutions based on perspectives of participating banks that used UNEP FI’s transition risk methodology. This paper also contains case studies from participating banks that capture their experiences using climate scenarios.

Link

TITLE Pensionskassen auf fossilem Crashkurs. Klimabedingt droht Rentenverlust bis zu 32 Prozent
AUTHOR Sandro Leuenberger & Christian Lüthi (Klima-Allianz)
PUBLISHED Feb 2021
LANGUAGES DE 
More

Summary

Dieser Report der Klima-Allianz zeigt auf, dass wenn Pensionskassen ihre Investitionen nicht aus fossilen Energien und Industrien mit grossem CO2-Ausstoss zurückziehen, ein Rentenkollaps droht. Die Autoren legen dar, dass Schweizer Pensionskassen im Durchschnitt mit einem Verlust 10% auf ihrem Vermögen innert 15 Jahren rechnen müssen. Dies unter der Annahme, dass die bisherige laxe weltweite Klimapolitik («Business as usual») fortgesetzt wird. Die Klima-Allianz stützt sich für diese Studie auf den Untersuchungsansatz der G20.

Link

TITLE Impact investments: a call for (re)orientation
AUTHOR Timo Busch, Peter Bruce-Clark, Jeroen Derwall, Robert Eccles, Tessa Hebb, Andreas Hoepner, Christian Klein, Philipp Krueger, Falko Paetzold, Bert Scholtens & Olaf Weber
PUBLISHED Jan 2021
LANGUAGES EN 
More

Summary

This academic article offers an examination of the different different terms used to describe investments in the sustainability context, particularly  of the impact investment terminology and its different definition. 

To offer (re-)orientation from an academic perspective, the authors derive a new typology of sustainable investments. This typology delivers a precise definition of what impact investments are and what they should cover and proposes distinguishing between impact-aligned investments and impact-generating investments. Based on these insights, the authors hope to lay the foundation for future research and debates in the field of impact investing by practitioners, policymakers, and academics alike.

Link

TITLE Impact Investing Decision-making: Insights on Financial Performance
AUTHOR Global Impact Investing Network (GIIN)
PUBLISHED Jan 2021
LANGUAGES EN 
More

Summary

This report explores the increasing sophistication with which impact investors are approaching decision-making and provides insights into financial performance. Specifically, it finds that impact investing is showing signs of maturing, with investors exercising a multi-dimensional approach to their decision-making to achieve satisfactory financial and impact performance in line with their goals.

Drawing on data from six of the industry’s existing financial performance studies, the report also offers a synthesis of impact investment financial performance and additionally analyzes the GIIN’s 2020 Annual Impact Investor Survey responses of 161 impact investors seeking risk-adjusted, market-rate returns.

Link

TITLE Der Klimawandel und die Finanzmärkte. Berücksichtigung von Klimarisiken und -chancen durch institutionelle Anleger in der Schweiz
AUTHOR Rolf H. Weber & Andreas Hösli
PUBLISHED Jan 2021
LANGUAGES DE 
More

Summary

This scientific article (in German) puts forward the awareness of the issue of climate change has risen markedly in recent years, there are still open questions with regard to what legal consequences climate change entails - especially from the investor's point of view.

In the authors' view, institutional investors are already obliged under current law to take appropriate account of climate risks and opportunities as part of their fiduciary duty of care. They believe that increased self-regulatory efforts in the form of detailed industry recommendations on climate risks would be welcome, with the need for regulation in Switzerland to remain to be assessed. The authors underline that the transition towards a decarbonised society, including the climate compatibility of financial flows, to which Switzerland has committed itself in accordance with the Paris Agreement, is an urgent endeavor.

Download

Der Klimawandel und die Finanzmaerkte (pdf 858.8 kB)
TITLE Taking action on climate risk: improving governance and reportingby occupational pension schemes
AUTHOR United Kingdom Department of Work and Pension
PUBLISHED Jan 2021
LANGUAGES EN 
More

Summary

This policy consultation response and Consultation on regulations lays out the UK government's plans to require pension schemes to disclose their carbon footprint and governance structure, and undertake detailed climate scenario analysis.

It sets out the government's proposals to require pension funds will to commence climate reporting in line with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) from 2021. Initially, the obligations will only apply to schemes with more than £5bn in assets, but the threshold will fall to £1bn from October 2022. Under the current plans, pension scheme trustees will be required to carry out detailed scenario analysis, exploring the effects and implications of various climate scenarios such as a rise in global temperatures or the introduction of a high carbon price. The analysis must include at least two scenarios involving an increase in the global average temperature, one of which must be between 1.5°C and 2°C.

Link

TITLE Shifting Gears II. Financial centres set the stage for sustainable finance’s exponential growth in the next decade
AUTHOR Financial Centres for Sustainability (FC4S)
PUBLISHED Jan 2021
LANGUAGES EN 
More

Summary

This report presents the findings from an in-depth assessment of actions in 24 financialhubs, all members of the UN-convened International Network of Financial Centres for Sustainability (FC4S) across Africa, the Americas, Asia and Europe. The FC4S assessment framework allows for an effective evaluation of each financial centre’s alignment with the Paris Agreement and the UNSDGs, for the identification of areas which require further work, and for the development of strategic advice for each one of them to apply, considering current best practices.

Link

TITLE Insuring the climate transition. Enhancing the insurance industry’s assessment of climate change futures
AUTHOR UNEP Finance Initiative & Principles for Sustainable Insurance (PSI)
PUBLISHED Jan 2021
LANGUAGES EN 
More

Summary

This report outlines state-of-the-art approaches—particularly the use of climate change scenarios—to better assess climate-related physical, transition and litigation risks in the insurance business. It captures the key findings of the project of UN Environment Programme’s Principles for Sustainable Insurance Initiative to pilot the TCFD recommendations, which was collaborative effort by 22 insurance companies representing over 10% of world premium volume and USD 6 trillion in assets under management.

Link

TITLE Rising Tide: Mapping Ocean Finance for a New Decade
AUTHOR UNEP Finance Initiative & Sustainable Blue Economy Finance Initiative
PUBLISHED Jan 2021
LANGUAGES EN 
More

Summary

This report maps the current state of ocean finance revealing trends in lending, underwriting and investment activities which impact the ocean. Moreover, it outlines the frameworks and financial instruments that are successfully addressing ocean sustainability and highlights new opportunities and gaps in the market. It looks across five major ocean-linked sectors chosen for their established connection with private finance: seafood, ports, shipping, coastal and marine tourism and marine renewable energy.

Link

TITLE Welche transformativen Wirkungen können nachhaltige Geldanlagen durch Verbraucherinnen und Verbraucher haben?
AUTHOR Marco Wilkens & Christian Klein
PUBLISHED Jan 2021
LANGUAGES DE 
More

Summary

Dieses Gutachten im Auftrag des vzbv argumentiert, dass nachhaltig beworbene Geldanlagen nicht automatisch zu mehr Nachhaltigkeit führen. Zwar können nachhaltige Geldanlagen durchaus eine positive Wirkung entfalten, wahrscheinlicher sind dabei allerdngs indirekte Effekte, zum Beispiel, wenn Verbraucher über eine Geldanlage für das Thema Nachhaltigkeit sensibilisiert werden. Direkte Effekte über den Kapitalmarkt sind möglich, aktuell aber kaum nachweisbar. Prinzipiell können sie über einen Verzicht auf Rendite durch Verbraucher erreicht werden, zum Beispiel, wenn in Folge der Geldanlage in bisher nicht rentable regenerative Energien investiert wird. Angebote der Finanzindustrie, die mit einem direkten Beitrag ihrer Anlageprodukte zu bestimmten Nachhaltigkeitszielen werben, und zugleich marktübliche Renditen versprechen, müssten demnach kritisch hinterfragt werden.

Link

TITLE Global Outlook on Financing for Sustainable Development 2021. A New Way to Invest for People and Planet
AUTHOR OECD
PUBLISHED Dec 2020
LANGUAGES EN 
More

Summary

This report lays out a call to collective action to address both the short-term collapse in resources of developing countries as well as long-term strategies to build back better following the outbreak of the COVID-19 pandemic.

The report highlights the need to enhance the quality of financing through better incentives, accountability and transparency mechanisms, integrating the long-term risks of climate change, global health, and other non-financial factors into investment decisions. The report concludes with a plan of action for all actors to work jointly to reduce market failures in the global financial system and to seize opportunities to align financing in support of the 2030 Agenda for sustainable development.

Link

TITLE Climate Financial Risks: Assessing Convergence, Exploring Diversity
AUTHOR Julia Anna Bingler, Chiara Colesanti Senni & Pierre Monnin (Council on Economic Policies)
PUBLISHED Dec 2020
LANGUAGES EN 
More

Summary

This discussion paper is an analysis of the convergence and divergence of various climate risk analysis method results, based on a sample of 300 firms.

A rapidly growing number of market participants and financial authorities are exploring which metrics to use to capture climate risks, and to what extent the use of different metrics delivers heterogeneous results. This discussion note takes a first step in analyzing the convergence in assessments of climate-related transition risks across metrics providers, based on the ECB corporate bond portfolio. The findings show that firms’ risk assessments across metrics are fairly heterogeneous but tend to converge on which firms are most and least exposed to transition risks.

 

Download

Comparing_climate_risk_metrics_EN (pdf 542.2 kB)
TITLE Protect nature, protect the economy. How the financial sector can safeguard biodiversity
AUTHOR Official Monetary and Financial Institutions Forum (OMFIF) Sustainable Policy Institute
PUBLISHED Dec 2020
LANGUAGES EN 
More

Summary

This review report provides a comprehensive overview of sustainable finance news, reports on sustainable finance and biodiversity, events and other related developments in 2020. It also includes contributions by a variety of practitioners that provide their view on biodiversity and the financial sector.

The report argues for the interconnectedness between the environment and the economy. It puts forward that it is misguided to view economic decisions as a series of independent trade-offs and sets out that Covid-19 has sharpened awareness of the interrelation of non-financial risks and their potential to cascade through economic and financial systems to sectors previously considered relatively safe.

Link

TITLE Bridging the Gap. Measuring Progress on the Climate Goal Alignment and Climate Actions of Swiss Financial Institutions
AUTHOR 2° Investing Initiative (2DII) & Swiss Federal Office for the Environment (FOEN) & Wüest Partner
PUBLISHED Nov 2020
LANGUAGES DE  FR  EN 
More

Summary

This study presents the results of the 2020 PACTA climate test of financial institutions.

It assesses the alignment of the Swiss financial sector with climate benchmarks, using 2DII’s Paris Agreement Capital Transition Assessment (PACTA) methodology. For the first time, 2DII and its partners measured progress across a vast swathe of the financial sector over the past three years, shedding light on the distinction between portfolio reallocation and real-world emissions reductions. Critically, the assessment shows that the Swiss financial sector’s consideration of climate issues has increased demonstrably since the 2017 study.

The full study is available in EN, a summary can be downloaded in German and French.

Download

DEF_DE_Zusammenfassung_PACTA 2020_05.11.2020 (pdf 8.0 MB)
DEF_FR_Résumé_PACTA 2020_05.11.2020 (pdf 2.7 MB)
DEF_Bridging_the_Gap_PACTA_2020_Switzerland_november_2020 (pdf 12.3 MB)
TITLE SFI Roundup: Finance and the Green Transition
AUTHOR Swiss Finance Institute
PUBLISHED Nov 2020
LANGUAGES DE  FR  IT  EN 
More

Summary

This SFI Roundup provides evidence-based perspectives on the opportunities and risks which lie ahead in the transition to a green economy, as well as how the financial sector, governments, central banks, firms, and consumers can all contribute to solve the climate puzzle. It includes academic as well as practitioners' insights, including contributions from Swiss Sustainable Finance CEO, Sabine Döbeli.

Link

TITLE IFZ Sustainable Investments Studie 2020
AUTHOR Manfred Stüttgen & Brian Mattmann (Luzerne University of Applied Sciences and Arts)
PUBLISHED Nov 2020
LANGUAGES DE 
More

Summary

The "IFZ Sustainable Investments Study 2020. Nachhaltige Themenfonds" conducted by the Lucerne University of Applied Sciences and Arts assesses the offering of sustainable mutual funds in the Swiss fund market for the fourth year in a row.

According to the study, the assets of sustainable mutual funds in Switzerland have risen by 60 percent to CHF 316 billion and counting 777 sustainable funds over the past year, about a forth of which are invested in thematic funds. The report contains an overview of the largest sustainable funds in Switzerland.

Link

TITLE Financing the Low-Carbon Economy. Instruments, Barriers and Recommendations
AUTHOR Swiss Sustainable Finance (SSF)
PUBLISHED Nov 2020
LANGUAGES DE  FR  EN 
More

Summary

This report explores the broad range of different finance solutions at hand to support the transition to a climate-friendly economy. The extensive compendium, prepared by SSF in cooperation with its network, highlights 16 specific finance instruments and approaches for a low-carbon economy, and illustrates their implementation through 8 case studies.

The different chapters provide insights into the mechanisms and applicability of different instruments such as listed equity, green bonds, direct real-estate investments, green mortgages, insurance solutions, private equity investments, community finance and energy performance contracting.

The full report is available in English, with summaries in German and French.

Link

TITLE Overview of the climate impact of financial market players’ action
AUTHOR Center for Social and Sustainable Products (CSSP) on behalf of the Federal Office for the Environment (FOEN)
PUBLISHED Nov 2020
LANGUAGES DE  FR  EN 
More

Summary

This report contributes to the analysis of the diverse impact channels and associated measures theoretically available to financial market players in order to bring about changes in companies in the real economy.

To this end, the most recently published academic and non-academic literature were surveyed and systematically evaluated, and a critical analysis of the impact channels regarding existing practical implementation was carried out. The six impact channels analysed and discussed in this report are the secondary market, direct investments, real estate, banking, insurers and politics.

The full report is available in German and French, and a summary in English.

Link

TITLE 2020 Green Fintech Survey
AUTHOR State Secretariat for International Finance (SIF)
PUBLISHED Oct 2020
LANGUAGES DE  EN 
More

Summary

The State Secretariat for International Finance (SIF) carried out a survey to discover where the fintech sector sees opportunities for concrete technological applications and where there may be obstacles for Swiss green fintechs in terms of funding, availability of data or regulatory environment. It makes overarching recommendations to the government and the private sector on how to improve framework conditions in Switzerland.

The results of the survey will be used as input for SIF's further work in the area of sustainable finance.

Download

2020 Green Fintech Survey - DE (pdf 11.5 MB)
2020 Green Fintech Survey - EN (pdf 11.5 MB)
TITLE Green Infrastructure in the Decade for Delivery. Assessing Institutional Investment
AUTHOR OECD
PUBLISHED Oct 2020
LANGUAGES EN 
More

Summary

This report provides an empirical assessment of investment in infrastructure by institutional investors domiciled in OECD and G20 countries, presenting a snapshot from February 2020.

Based on a new detailed view of investment channels, financial instruments, sectoral allocations, regional preferences and trends, the report provides guidance on policy levers and priorities to scale-up institutional investment in green infrastructure. Amongst other key findings, the report finds that regulatory limits on investments in infrasturcture for pension funds and insurance companies are generally not a constraint.

Link

TITLE Developing Sustainable Finance Definitions and Taxonomies
AUTHOR OECD
PUBLISHED Oct 2020
LANGUAGES EN 
More

Summary

This report maps sustainable finance definitions and taxonomies in five jurisdictions: the European Union, People’s Republic of China, Japan, France and the Netherlands. When taxonomies are appropriately designed, they can improve market clarity, bring confidence and assurance to investors, and facilitate the measurement and tracking of sustainable finance flows. The report lays out preliminary considerations for good design of taxonomies, which can support policy makers to develop and grow sustainable finance markets to help achieve environmental and sustainable development goals. It also identifies differences among the taxonomies in scope as well as commonalities. These commonalities could provide a basis for creating comparable frameworks that facilitate international investment while also reflecting differing national circumstances.

Link

TITLE Digital Technology Shaping Green and Sustainable Lifestyles. Exploring Alipay Ant Forest
AUTHOR Data-pop Alliance & Green Digital Finance Alliance & UNEP Inquiry
PUBLISHED Oct 2020
LANGUAGES EN 
More

Summary

This report analyzes Alipay’s Ant Forest trajectory as a green digital innovation and takes stock of its impact. Alipay Ant Forest, launched by Ant Financial in 2016, is a green fintech initiative that provides users with a tool to help measure their personal carbon footprints, recording avoided emissions derived from individual behavioral changes.  

The report unpacks different policy and regulatory efforts in China that have enabled a green fintech firm like Alipay’s Ant Forest to thrive, one of which is China’s national policy directive on sustainable finance.

Link

Showing 1 - 25 of 510 Reports

Login for Members

Incorrect username or password. Please try again or send email to info@sustainablefinance.ch for support.