ERAFP, KBC, Aviva & AXA take top prizes at the 2021 International Climate Reporting Awards
For the fourth edition of the International Climate Reporting Awards, a high-level event brought together global sustainable finance experts to discuss the role of climate disclosures in the net-zero transition. The event was held as part of Paris for Tomorrow Week and organized by the French Agency for Ecological Transition (ADEME), the Ministry of Ecological Transition (CGDD), and the think tank 2° Investing Initiative (2DII).
2021 winners:
Asset Managers: ERAFP (French public service additional pension scheme)
Banks: KBC Group
Insurance: Aviva
Jury’s prize: AXA Group
Thibaut Ghirardi, Managing Director France, 2° Investing Initiative said: “The quality of the financial institutions that responded to this year’s International Climate Reporting Awards illustrates the growing focus by the financial sector on this topic. While various climate reporting and disclosure frameworks are now well established, what really matters is how they are implemented. In this respect, climate reporting and its future developments are absolutely decisive, and we are delighted to help spur progress on this topic in France and internationally.”
More on the Climate Reporting Awards
Building on leading global standards, including the Task force on Climate-related Financial Disclosures (TCFD) and the EU Non-Financial Reporting Directive, the Awards aim to recognize financial institutions that integrate climate-related considerations into their reporting and business practices. For the first time this year, the Awards were closely integrated with the new Climate Transparency Hub (CTH) to promote transparency and best reporting practices around the globe. This fourth edition of the Awards was organized by CGDD, ADEME and 2DII with a high-level steering committee composed of the World Benchmarking Alliance, Principles for Responsible Investment, Finance for Tomorrow, Luxembourg Sustainable Finance Initiative, and Eurosif.
Access the event replay here.
Thanks to our media partners, Responsible Investor & L’Agefi
Hear from the previous winners and organizers in our video!
Climate reporting at the heart of the transition
In recent years, climate reporting initiatives and regulations have become more precise and refined with a view to minimizing greenhouse gas emissions and combating global warming. In the run-up to COP 26 in Glasgow, 2021 is shaping up to be a potentially historic year, with binding commitments for governments and businesses. Financial institutions will have a strategic role to play.
The fourth edition of the International Climate Reporting Awards (ICRA) 2021 aims to help mobilize financial institutions in these efforts and to demonstrate their impact in the energy transition.
This year, the Awards were integrated with the Climate Transparency Hub (CTH) in order to promote transparency and best reporting practices around the world.
Why participate?
Participation in the International Climate Awards offers financial institutions the opportunity to:
Promote leading practices and position themselves on an international scale
Share expertise and learnings and help identify new challenges in climate reporting
Raise the bar and learn from the best practices of international peers
Be evaluated by an independent panel of jury experts
Get personalised feedback on their practices and ensure that their progress is on the right track
All financial institutions around the world are eligible to apply, including asset managers, asset owners, insurances and banks, as well as development banks and central banks.
In addition to rewarding the best disclosures, the 2021 Awards edition has three primary goals:
Boosting visibility
To promote recent advances and leading practices in climate reporting
Sharing knowledge
To provide the opportunity for applicants to receive feedback on their reporting processes
Identifying challenges
To help financial institutions build capacity, share expertise and identify key reporting challenges
Changes in 2021
Why articulate the CTH with the International Climate Reporting Awards?
1. Strengthening the visibility of the CTH and French leadership in its role of promoting climate transparency through the standardisation of reporting practices
2. Extending the scope of the CTH to international financial institutions
The International Climate Reporting Awards are open to financial institutions worldwide. For this new edition, to ensure consistency with the CTH, all financial institutions will be analysed according to the CTH Evaluation Criteria.
The Climate Reporting Awards 2021 will also be an opportunity to put additional emphasis on European financial institutions beyond France, to encourage the creation of initiatives similar to the CTH in neighbouring countries.
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France has always been a pioneer in developing best reporting practices. The Climate Reporting Awards enable international actors to measure their performance against their peers and global standards.”
Brune Poirson, former Secretary of State to the Minister for the Ecological Transition
