CERAF
Lead Research Organisation:
University of Oxford
Department Name: Smith School of Enterprise and the Env
Abstract
Climate and environmental (CE) risks (CER) to our economy and society are accelerating. CER include climate-related physical risks such as floods, storms, or changing growing seasons; climate-related transition risks such as carbon pricing and climate litigation; and environmental risks such as biodiversity loss.
It is now well accepted that CER can impact asset values across multiple sectors and pose a threat to the solvency of financial institutions (FIs). This can cause cascading effects with the potential to undermine financial stability.
The adoption of CER analytics will ensure that CE risks can be properly measured, priced, and managed by individual FIs and across the financial system. This is also a necessary condition to ensure that capital is allocated by FIs towards technologies, infrastructure, and business models that lower CER, which are also those required to deliver the net zero carbon transition, climate resilience, and sustainable development. These twin tracks - greening finance and financing green - are both enabled by CER analytics being appropriately used by FIs.
The UK is a world-leader in Green Finance (GF). UK FIs have played a key role in GF innovation. Yet, despite these advances and leadership in almost every aspect of GF, UK FIs cannot secure the data and analytics needed to properly measure and manage their exposures to CER. While the last decade has seen the exponential growth of CE data, as well as improved analytics and methods, often produced by world-leading UK science, the vast majority of this has not found its way into FI decision-making. Our vision for CERAF is to establish a new national centre to resolve this disconnect.
CERAF aims to enable a step-change in the provision and accessibility of data, analytics, and guidance and accelerate the integration of CER into products and decisions by FIs to manage CER risks and drive efficient and sustainable investment decisions, thereby delivering the following impacts:
- Enhance the solvency of individual FIs in the UK and globally and so contribute to the resilience of the global financial system as a whole for all, as well the efficient pricing and reallocation of capital away from assets at risk to those that are more resilient.
- Underpin the development and the growth of UK GF-related products and services.
- Enable a vibrant ecosystem of UK enterprises providing CER analytics and realise the opportunity for UK plc of being a world-leader in the creation and provision of CER services.
Our vision is that CERAF will be the nucleus of a new national centre established to deliver world-leading research, information, and innovation to systematically accelerate the adoption and use of CER data and analytics by FIs and to unlock opportunities for the UK to lead internationally in delivering CER services to support advancements in greening finance and financing green globally
It aims to overcome the following barriers: 1) Making existing data on hazards, vulnerabilities, and exposures more accessible and useable for FIs, with clearly communicated confidence and with analytics that does not yet exist being secured; 2) Consistency and standards to reduce fragmentation, facilitate innovative products and enable the efficient flow and use of data; 3) Assurance and suitability are needed to understand which CER analytics are best suited for particular uses and provide transparency into underlying data and methodologies, so that CER analytics can be trusted and used; 4) Unlocking innovation through supporting FIs to test new approaches in a lower-risk way; and 5) Building capability, knowledge, and skills within FIs to analyse and interpret CER data. Resolving these barriers is a necessary condition for repricing capital and avoiding its misallocation, and achieving the UK's ambitions on GF.
It is now well accepted that CER can impact asset values across multiple sectors and pose a threat to the solvency of financial institutions (FIs). This can cause cascading effects with the potential to undermine financial stability.
The adoption of CER analytics will ensure that CE risks can be properly measured, priced, and managed by individual FIs and across the financial system. This is also a necessary condition to ensure that capital is allocated by FIs towards technologies, infrastructure, and business models that lower CER, which are also those required to deliver the net zero carbon transition, climate resilience, and sustainable development. These twin tracks - greening finance and financing green - are both enabled by CER analytics being appropriately used by FIs.
The UK is a world-leader in Green Finance (GF). UK FIs have played a key role in GF innovation. Yet, despite these advances and leadership in almost every aspect of GF, UK FIs cannot secure the data and analytics needed to properly measure and manage their exposures to CER. While the last decade has seen the exponential growth of CE data, as well as improved analytics and methods, often produced by world-leading UK science, the vast majority of this has not found its way into FI decision-making. Our vision for CERAF is to establish a new national centre to resolve this disconnect.
CERAF aims to enable a step-change in the provision and accessibility of data, analytics, and guidance and accelerate the integration of CER into products and decisions by FIs to manage CER risks and drive efficient and sustainable investment decisions, thereby delivering the following impacts:
- Enhance the solvency of individual FIs in the UK and globally and so contribute to the resilience of the global financial system as a whole for all, as well the efficient pricing and reallocation of capital away from assets at risk to those that are more resilient.
- Underpin the development and the growth of UK GF-related products and services.
- Enable a vibrant ecosystem of UK enterprises providing CER analytics and realise the opportunity for UK plc of being a world-leader in the creation and provision of CER services.
Our vision is that CERAF will be the nucleus of a new national centre established to deliver world-leading research, information, and innovation to systematically accelerate the adoption and use of CER data and analytics by FIs and to unlock opportunities for the UK to lead internationally in delivering CER services to support advancements in greening finance and financing green globally
It aims to overcome the following barriers: 1) Making existing data on hazards, vulnerabilities, and exposures more accessible and useable for FIs, with clearly communicated confidence and with analytics that does not yet exist being secured; 2) Consistency and standards to reduce fragmentation, facilitate innovative products and enable the efficient flow and use of data; 3) Assurance and suitability are needed to understand which CER analytics are best suited for particular uses and provide transparency into underlying data and methodologies, so that CER analytics can be trusted and used; 4) Unlocking innovation through supporting FIs to test new approaches in a lower-risk way; and 5) Building capability, knowledge, and skills within FIs to analyse and interpret CER data. Resolving these barriers is a necessary condition for repricing capital and avoiding its misallocation, and achieving the UK's ambitions on GF.
Organisations
- University of Oxford (Lead Research Organisation)
- Ørsted (Collaboration)
- Bank of England (Collaboration)
- European Space Agency (Collaboration)
- Aviva (Collaboration)
- Financial Conduct Authority (FCA) (Collaboration)
- HM Treasury (Collaboration)
- The Institute of Chartered Accountants in England and Wales (Collaboration)
- National Employment Savings Trust (Collaboration)
- Global Earthquake Model Foundation (Collaboration)
- World Wide Fund for Nature (WWF UK) (Collaboration)
- Unilever (Netherlands) (Collaboration)
- Leeds City Council (Collaboration)
- Legal and General Group (Collaboration)
- KPMG (United Kingdom) (Project Partner)
- Royal Institution of Great Britain (Project Partner)
- Deloitte (United Kingdom) (Project Partner)
- British International Investment (Project Partner)
- Insurance Development Forum (UK) (Project Partner)
- CFA Society of the UK (Project Partner)
- Climate Bonds Initiative (Project Partner)
- Clyde & Co LLP (Project Partner)
- Baillie Gifford & Co (Project Partner)
- Impax Asset Management (Project Partner)
- Coalition for Climate Resilient Investme (Project Partner)
- European Centre for Medium-Range Weather Forecasts (Project Partner)
- Department for Work and Pensions (Project Partner)
- Icebreaker One Limited (Project Partner)
- JBA Risk Management Ltd (Project Partner)
- Chartered Inst for Securities & Invest (Project Partner)
- One Planet Sovereign Wealth Funds (Project Partner)
- FNZ (UK) Ltd (Project Partner)
- Aviva Plc (Project Partner)
- UK Finance (Project Partner)
- ClearGlass Analytics limited (Project Partner)
- Met Office (Project Partner)
- Oliver Wyman (Project Partner)
- Willis Towers Watson (United Kingdom) (Project Partner)
- IIGCC (Project Partner)
- Lloyd's (Project Partner)
- Tesco (United Kingdom) (Project Partner)
- Marsh & McLennan Companies (Project Partner)
- United Nations (Project Partner)
- Accounting for Sustainability (Project Partner)
- Chartered Banker Institute (Project Partner)
- Flood Re (Project Partner)
- HSBC Holdings (Project Partner)
- Lloyds Banking Group (United Kingdom) (Project Partner)
- RenaissanceRe (Project Partner)
- Coalition for Disaster Resilient Infrast (Project Partner)
- Satellite Applications Catapult (United Kingdom) (Project Partner)
- Nexus Leeds Ltd (Project Partner)
- CDP (Project Partner)
- Green Finance Initiative (Project Partner)
- Institute and Faculty of Actuaries (Project Partner)
- Quant Foundry Limited (Project Partner)
- AON Solutions Ltd (Project Partner)
- Universities Superannuation Scheme Ltd (Project Partner)
- World Bank (Project Partner)
- Acclimatise Group Ltd (Project Partner)
- Oasis Loss Modelling Framework Ltd (Project Partner)
- Fathom (Project Partner)
- BAE Systems (United Kingdom) (Project Partner)
Publications
Zhao G
(2023)
Flood Defense Standard Estimation Using Machine Learning and Its Representation in Large-Scale Flood Hazard Modeling
in Water Resources Research
Zhao G
(2021)
Design flood estimation for global river networks based on machine learning models
in Hydrology and Earth System Sciences
Wing O
(2022)
Inequitable patterns of US flood risk in the Anthropocene
in Nature Climate Change
Wang S
(2022)
An analytic model of the tropical cyclone outer size
in npj Climate and Atmospheric Science
Wang S
(2022)
More tropical cyclones are striking coasts with major intensities at landfall
in Scientific Reports
Sparks N
(2022)
A Physical Model of Tropical Cyclone Central Pressure Filling at Landfall
in Journal of the Atmospheric Sciences
Sparks N
(2022)
The Dependence of Tropical Cyclone Pressure Tendency on Size
in Geophysical Research Letters
Smith D
(2022)
Attribution of multi-annual to decadal changes in the climate system: The Large Ensemble Single Forcing Model Intercomparison Project (LESFMIP)
in Frontiers in Climate
| Description | CGFI to run secretariat of HMG Transition Plan Taskforce |
| Geographic Reach | National |
| Policy Influence Type | Membership of a guideline committee |
| URL | https://www.gov.uk/government/publications/fact-sheet-net-zero-aligned-financial-centre/fact-sheet-n... |
| Description | Citation in Department for Work and Pensions consultation: Climate and investment reporting: setting expectations and empowering savers |
| Geographic Reach | National |
| Policy Influence Type | Citation in other policy documents |
| URL | https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1028... |
| Description | Citation in the UK Net Zero Strategy |
| Geographic Reach | National |
| Policy Influence Type | Citation in other policy documents |
| URL | https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1033... |
| Description | Expert Advisory Group: Nicola Ranger joins Pool Re Systemic Risk Advisory Group |
| Geographic Reach | National |
| Policy Influence Type | Participation in a guidance/advisory committee |
| URL | https://www.reinsurancene.ws/pool-re-sets-up-systemic-risks-advisory-group/ |
| Description | Membership of HMT Green Technical Advisory Group (GTAG) |
| Geographic Reach | National |
| Policy Influence Type | Participation in a guidance/advisory committee |
| URL | https://www.gov.uk/government/publications/independent-expert-group-appointed-to-advise-government-o... |
| Description | Multiple strong references to TPT in Chris Skidmore's Independent Review of Net Zero |
| Geographic Reach | National |
| Policy Influence Type | Citation in systematic reviews |
| Impact | The report recommendations changes to UK regulation (the Companies Act) on transition plans and for this to draw on the TPT's work. |
| URL | https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1128... |
| Description | Reference to TPT in FCA Primary Market Bulleton |
| Geographic Reach | National |
| Policy Influence Type | Citation in other policy documents |
| Impact | FCA explicitly says it will draw on the TPT when updating future regulation, and encourages firms to use TPT to create transition plans |
| URL | https://www.fca.org.uk/publications/newsletters/primary-market-bulletin-42#lf-chapter-id-about-this-... |
| Description | UK PUBLIC FINANCIAL INSTITUTIONS AWAY DAY ON SUSTAINABLE FINANCE RESEARCH AND INNOVATION |
| Geographic Reach | National |
| Policy Influence Type | Influenced training of practitioners or researchers |
| URL | https://www.cgfi.ac.uk/2022/10/uk-public-financial-institutions-away-day-on-sustainable-finance-rese... |
| Description | Updating HMG government departments on latest developments in key green finance areas to support HMG Green Finance Strategy |
| Geographic Reach | National |
| Policy Influence Type | Influenced training of practitioners or researchers |
| Description | Agri-Climate partnership |
| Amount | £940,000 (GBP) |
| Organisation | Barclays |
| Sector | Private |
| Country | United Kingdom |
| Start | 07/2022 |
| End | 06/2025 |
| Description | GreenSpace |
| Amount | £483,000 (GBP) |
| Organisation | UK Space Agency |
| Sector | Public |
| Country | United Kingdom |
| Start | 02/2023 |
| End | 01/2025 |
| Description | New Capital Consensus |
| Amount | £98,000 (GBP) |
| Organisation | Baillie Gifford |
| Sector | Private |
| Country | United Kingdom |
| Start | 07/2023 |
| End | 12/2024 |
| Description | Top up funding to support bank of england with climate biennial exploratory scenario exercise |
| Amount | £150,000 (GBP) |
| Funding ID | Top up funding to support bank of england with climate biennial exploratory scenario exercise |
| Organisation | Natural Environment Research Council |
| Sector | Public |
| Country | United Kingdom |
| Start | 10/2021 |
| End | 06/2022 |
| Description | Turing 2.0: Open Asset-level Biodiversity impact Metrics for Sustainable Finance |
| Amount | £137,853 (GBP) |
| Organisation | Engineering and Physical Sciences Research Council (EPSRC) |
| Sector | Public |
| Country | United Kingdom |
| Start | 10/2021 |
| End | 06/2022 |
| Title | Climate Risk Product Providers Database |
| Description | CGFI maintains the CFRF list of climate risk product providers, a collection of currently available climate risk data, tools and products for financial institutions. We generated an update in December 2022. |
| Type Of Material | Database/Collection of data |
| Year Produced | 2022 |
| Provided To Others? | Yes |
| Impact | Better access to climate risk data and solutions for financial institutions. |
| URL | https://www.cgfi.ac.uk/wp-content/uploads/2022/12/CFRF-Climate-Risk-Product-Providers-database-Decem... |
| Title | GLOBAL RESILIENCE INDEX INITIATIVE - G-SRAT TOOL |
| Description | Open, consistent global physical climate risk data |
| Type Of Material | Database/Collection of data |
| Year Produced | 2022 |
| Provided To Others? | Yes |
| Impact | Increased focus on adaptation finance |
| URL | http://globalresilienceindex.org |
| Title | Spatial Finance Initiative - Global Database of Cement Production Assets |
| Description | The Global Database of Cement Production Assets provides information on global cement production plants that are operational today. The database contains 3,117 cement plants with exact geolocation and provides information about ownership, production type, plant type, capacity and production start year where available. Cement is an essential material used in construction all around the world, but cement production processes are highly emissions intensive, accounting for more than 5% of anthropogenic CO2 emissions[1]. The process consists of three steps: the mixing of limestone with other materials; the heating of the limestone mixture to produce clinker and the grinding of clinker with different ingredients to produce cement. The grinding process can happen in integrated facilities where the clinker is also produced or in independent grinding facilities closer to its end market. While the bulk of greenhouse gas emissions associated with cement production stem from clinker production and integrated facilities, the database covers both integrated as well as independent grinding facilities. The Global Database of Cement Production Assets can be used by others and is available under a CC BY 4.0 license. The suggested citation is: "McCarten, M., Bayaraa, M., Caldecott, B., Christiaen, C., Foster, P., Hickey, C., Kampmann, D., Layman, C., Rossi, C., Scott, K., Tang, K., Tkachenko, N., and Yoken, D. 2021. Global Database of Cement Production Assets. Spatial Finance Initiative" |
| Type Of Material | Database/Collection of data |
| Year Produced | 2021 |
| Provided To Others? | Yes |
| Impact | The database has been downloaded over 300 times and is being used across numerous applications, use cases and research projects across both the private and public sector. |
| URL | https://www.cgfi.ac.uk/spatial-finance-initiative/geoasset-project/geoasset-databases/ |
| Title | Spatial Finance Initiative - Global Database of Iron and Steel Production Assets |
| Description | The Global Database of Iron and Steel Production Assets provides information on global iron and steel production plants that are operational today. The database contains 1,598 production plants with exact geolocation and provides information about ownership, production type, plant type, capacity and production start year where available. Iron and steel production is one of the most energy-intensive industries in the world and accounts for approximately 6.7% of global CO2 emissions [2]. Crude steel is either produced from primary materials such as iron ore, or from secondary materials such as recycled steel scrap. Primary steel production processes (blast furnace, basic oxygen furnace or open-hearth furnaces), typically use coal as an energy source and take place in large integrated facilities. Whereas secondary steel production processes (electric arc furnaces) typically use electricity as an energy source and take place in so called 'mini-mills'. The database captures a wide range of assets across the steel production process, including the procurement and processing of raw materials (in particular coking and pelletisation plants), the production of crude steel (integrated plants and mini-mills) and the production of finished steel products (downstream plants). |
| Type Of Material | Database/Collection of data |
| Year Produced | 2021 |
| Provided To Others? | Yes |
| Impact | The database has been downloaded over 300 times and is being used across numerous applications, use cases and research projects across both the private and public sector. |
| URL | https://www.cgfi.ac.uk/spatial-finance-initiative/geoasset-project/geoasset-databases/ |
| Description | Bank of England |
| Organisation | Bank of England |
| Country | United Kingdom |
| Sector | Private |
| PI Contribution | RESEARCH ON TRANSITION SCENARIOS RESEARCH ON NATURE RELATED RISKS |
| Collaborator Contribution | TECHNICAL EXPERTISE IMPACT CHANNEL |
| Impact | CGFI WORKING PAPER ON TRANSITION SCENARIOS |
| Start Year | 2022 |
| Description | Climate Financial Risk Forum |
| Organisation | Bank of England |
| Country | United Kingdom |
| Sector | Private |
| PI Contribution | CBES Learning Exercise. Hosting CFRF scenarios tool and video content. Development of CFRF database |
| Collaborator Contribution | Collaboration on CBES learning, including advice, contents, use of facilities for workshops, running survey platform, reviews etc. Development of CFRF tool, content and database |
| Impact | CBES LEARNING REPORTS CFRF SCENARIO TOOL, DATABASE AND VIDEO |
| Start Year | 2022 |
| Description | Establishment of the Green Finance Innovation Network |
| Organisation | Leeds City Council |
| Country | United Kingdom |
| Sector | Public |
| PI Contribution | The Green Finance Innovation Network is a new national network, hosted at the University of Leeds and funded by Leeds City Council that will work in partnership with the UK Centre for Greening Finance & Investment (CGFI), and will help connect and support businesses across the country that are seeking to provide climate and environmental analytics into financial services. The network will organise networking events, challenge competitions and signpost members to relevant funding and support opportunities. It will also disseminate best practice, research insights and open datasets from the CGFI and the broader UK scientific community. The network will be run from the University of Leeds. CGFI is also heavily associated with/located in the core institutions, hubs, and flagships, and the Green Finance Innovation Network will provide a mechanism so that we can engage more widely to reach out to people and businesses active in CEA across the country. As well as connect the dots between existing support mechanisms and innovation stakeholders (e.g. Innovate Finance, Geovation, Satellite Applications Catapult regional network). The overall rationale is for the Green Finance Innovation Network to become a complementary mechanism to CGFI, that has analytics businesses as its primary audience. While CGFI will act as the national center of excellence promoting best practice, the Green Finance Innovation Network will enable us to connect with analytics businesses across the country of all sizes and stages of their evolution, as well as connect with other innovation stakeholders. Being part of the Green Finance Innovation Network will be more oriented to new and existing businesses that are/could provide CEA into financial services, and will provide the network with resources and support, both from within and outside of CGFI, to develop products and services tailored to financial sector customer base. The launch of the Network connected with over 70 distinct businesses and organisations from across the country and provided one-to-many mentoring on: Product fit for institutional investment; Climate and environmental data and analytics; and Business development. |
| Collaborator Contribution | Leeds City Council pump-prime funding for the network and the launch event. |
| Impact | Initial outcome is to have created the first steps in a wider network that extends beyond CGFI. |
| Start Year | 2022 |
| Description | European Space Agency |
| Organisation | European Space Agency |
| Country | France |
| Sector | Public |
| PI Contribution | This new partnership will combine ESA's technical, commercial and financial support around space solutions with CGFI's expertise in green finance and climate science, helping organisations manage climate risks and improve their environmental impact to facilitate growth in the sector. Incorporating expert advice resulting from this new partnership, ESA is preparing a new dedicated funding opportunity aimed at companies with promising business ideas for products and services tailored to green finance. Further details can be found under the ESA Space Solutions webpage "Finance for a Green Transition". |
| Collaborator Contribution | The European Space Agency (ESA) have announced a partnership with the UK Centre for Greening Finance and Investment (CGFI). Created under ESA Space Solutions, the partnership is part of ESA's "Finance for a green transition" initiative and will accelerate the uptake of green space-based solutions to support the financial sector with the green transition. ESA has established this long-term collaboration with CGFI to promote the development of new space-enabled commercial services for the financial services sector, providing support to financial, climate and environmental analytics providers across Europe. Ultimately these solutions will help financial institutions understand and mitigate the financial implications of the transition to a net-zero, nature-positive economy, while helping companies and projects attract investment as part of green transition initiatives. |
| Impact | Funding call launched by ESA dedicated to green finance: https://business.esa.int/funding/intended-tender/finance-for-green-transition |
| Start Year | 2022 |
| Description | Global Resilience Index Initiative |
| Organisation | Global Earthquake Model Foundation |
| Country | Italy |
| Sector | Charity/Non Profit |
| PI Contribution | Research teams at the University of Oxford have contributed datasets and researchers to develop global infrastructure risk models |
| Collaborator Contribution | The Global Resilience Index Initiative (GRII) was formed in late 2020 at the request of Mark Carney, UN Special Envoy on Climate Action and Finance to the Insurance Development Forum (IDF) to step forward and help enable open access reference information for climate risk measurement and disclosure and to support the growth of resilient economies and societies. GRII preparation was led by a task force of six organisations convened by the IDF under the Special Envoy's mandate: the Coalition for Climate Resilient Investment; Coalition for Disaster Resilient Infrastructure; GEM Foundation; UK Centre for Greening Finance and Investment and the United Nations Office for Disaster Risk Reduction. The GRII now embraces a growing coalition of supporting organisations. Based upon common standards, the GRII will support and link worldwide groups working on climate resilience including the humanitarian sector, infrastructure investment, disaster risk insurance, financial regulation and disclosure. During 2022 technical and institutional preparations will continue. By CoP27 it is intended that operational services will commence and the longer- term institutional setting for the GRII will be established. |
| Impact | Based upon common standards, the GRII will support and link worldwide groups working on climate resilience including the humanitarian sector, infrastructure investment, disaster risk insurance, financial regulation and disclosure. During 2022 technical and institutional preparations will continue. By CoP27 it is intended that operational services will commence and the longer- term institutional setting for the GRII will be established. To date two demonstrators have been developed, which were launched at COP26. Global infrastructure risk analytics prototype: https://www.cgfi.ac.uk/gri-demo/ Southeast Asia Infrastructure Risk Prototype: https://seasia.infrastructureresilience.org/ |
| Start Year | 2021 |
| Description | Transition Plan Taskforce |
| Organisation | Aviva |
| Country | United Kingdom |
| Sector | Private |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | Bank of England |
| Country | United Kingdom |
| Sector | Private |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | Financial Conduct Authority (FCA) |
| Country | United Kingdom |
| Sector | Public |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | HM Treasury |
| Country | United Kingdom |
| Sector | Public |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | Legal and General Group |
| Country | United Kingdom |
| Sector | Private |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | National Employment Savings Trust |
| Country | United Kingdom |
| Sector | Public |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | The Institute of Chartered Accountants in England and Wales |
| Country | United Kingdom |
| Sector | Private |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | Unilever |
| Country | United Kingdom |
| Sector | Private |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | World Wide Fund for Nature (WWF UK) |
| Country | United Kingdom |
| Sector | Charity/Non Profit |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | Transition Plan Taskforce |
| Organisation | Ørsted |
| Country | Denmark |
| Sector | Private |
| PI Contribution | The Transition Plan Taskforce (TPT) is a co industry-Government policy initiative to determine best practice for private sector transition plans. It has a mandate from HM Treasury. CGFI provides the secretariat for the TPT alongside climate think tank E3G. The Secretariat draws on research and activities of the CGFI community. |
| Collaborator Contribution | The partners listed are members of the TPT Steering Group. These organisations alongside others from across the UK economy form the Delivery Group and a number of Working Groups. Delivery Group members can be seen on the TPT website: https://transitiontaskforce.net/people/ |
| Impact | The TPT has released 4 consultation documents to receive feedback from the UK and internationally on what the gold standard for private sector transition plans should look like. The TPT is now entering a second phase, where it will finalise the Disclosure Framework, Implementation Guidance and publish sector-specific transition plan guidance. It has also launched a Sandbox which is now being expanded to facilitate innovations related to transition plans. It has launched new working groups on 3 sectors, and on nature, adaptation and just transition. It is scoping further work. It is also engaging significantly with other countries to determine applicability in other markets. It will inform future regulation in the UK and fundamentally inform the way business and financial institutions consider how they contribute to and prepare for the global transition. |
| Start Year | 2022 |
| Description | 10th Annual Cape Town Convention Academic Project Conference |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Dr Ben Caldecott, Director of the Oxford Sustainable Finance Group at the University of Oxford and Director of the UK Centre for Greening Finance & Investment, gave a lecture at the 10th Annual Cape Town Convention Academic Project Conference at Robinson College, University of Cambridge. The Conference was organised by the Cape Town Convention Academic Project, which is a partnership between UNIDROIT and the University of Cambridge Faculty of Law, under the auspices of the Centre for Corporate and Commercial Law (3CL), and organised by Professor Louise Gullifer (Cambridge University). Dr Ben Caldecott spoke on the global impact of the convention in relation to ESG issues. Sponsored by the Aviation Working Group, the conference was attended by around 150 people with many people participating online from all over the world, as well as a good number of people attending in person. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/09/10th-annual-cape-town-convention-academic-project-conference/ |
| Description | APAC Sustainable Finance Conference |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Dr Ben Caldecott, Director of the Oxford Sustainable Finance Group at the University of Oxford and Director of the UK Centre for Greening Finance & Investment, joined a panel at the APAC Sustainable Finance Conference to discuss: A practical toolkit to navigate the climate transition. He was joined by Sean Kidney, CEO of Climate Bonds Initiative and John Lee, Vice Chairman of Head Greater China Global Banking UBS Investment Bank. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/07/apac-sustainable-finance-conference-2021-together-a-force-for-success... |
| Description | Aligning finance with climate-resilient development @ EIB-Benelux Pavillion at COP26 |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | COP26 event chaired by Nicola Ranger Achieving climate-resilient economies and societies will not only require increasing the billions of financial flows for adaptation, but also to drive the trillions of public and private financial flows and investment away from potentially mal-adapted activities towards those that contribute to climate-resilient economies and societies. There is a need to align finance with adaptation and resilience goals. This event brings together leading experts to discuss what would be needed to accelerate progress towards Article 2.1c's goal of making finance flows consistent with climate-resilient development. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/10/cgfi-events-at-cop26/ |
| Description | Aon Research Day 09.02.23 |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | Presenting CGFI at Aon's research day to Aon colleagues and their clients. |
| Year(s) Of Engagement Activity | 2023 |
| Description | Appointed to Transdisciplinary Advisory Board for European Joint Programming Initiative "Connecting Climate Knowledge for Europe" (JPI Climate) |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | The Transdisciplinary Advisory Board (TAB) consists of national and international members from academia and from relevant stakeholder groups. It advises the Governing Board on specific issues upon request. This overall Advisory Board is an important instrument to involve relevant stakeholder groups. |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://jpi-climate.eu/governance/#transdisciplinary-advisory-board |
| Description | BLOG: GREEN FINTECH FOR GREEN FINANCE: TURNING THEORY INTO PRACTICE |
| Form Of Engagement Activity | Engagement focused website, blog or social media channel |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Blog to share our ambitions to support meaningul innovations that can help finance become more sustainable. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/11/green-fintech-for-green-finance-turning-theory-into-practice/ |
| Description | Blog Smith School of Enterprise and the Environment website |
| Form Of Engagement Activity | Engagement focused website, blog or social media channel |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Other audiences |
| Results and Impact | Blog "A sectoral approach to tackling sustainability data quality and integrity in sustainable finance" |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.smithschool.ox.ac.uk/news/sectoral-approach-tackling-sustainability-data-quality-and-int... |
| Description | Blog- Climate change: Damage from increasingly intense storms shows why cutting carbon emissions is imperative |
| Form Of Engagement Activity | Engagement focused website, blog or social media channel |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Public/other audiences |
| Results and Impact | A blog in The Scotsman |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.scotsman.com/news/opinion/columnists/climate-change-damage-from-increasingly-intense-sto... |
| Description | Blog: A SECTORAL APPROACH TO TACKLING SUSTAINABILITY DATA QUALITY AND INTEGRITY IN SUSTAINABLE FINANCE |
| Form Of Engagement Activity | Engagement focused website, blog or social media channel |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Blog to introduce our work on sectoral data quality and integrity |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/05/a-sectoral-approach-to-tackling-sustainability-data-quality-and-integ... |
| Description | Blog: Learning from COVID-19 and climate change: Managing the financial risks of compound shocks |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | The COVID-19 pandemic has dealt with the most severe blow to the global economy since 1929, with devastating, long-lasting effects on government balance sheets, according to a blog for World Bank Blogs. While the impact of the pandemic has been unprecedented in scale and type, the systemic crises stemming from it are likely to happen more often in our modern, interconnected world. COVID-19 reminds us that shocks can cascade and compound in complex ways, with broad fiscal, economic, financial and social implications. Understanding this trend is especially important considering the looming threat of climate change. In a recent report, the World Meteorological Organization reminded us of the "relentless" intensification of the climate crisis, with a record-breaking number and intensity of extreme weather events in 2020, along with the compound climate, health, and economic crises experienced in many countries. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://blogs.worldbank.org/climatechange/learning-covid-19-and-climate-change-managing-financial-ri... |
| Description | CBES LEARNING WORKSHOPS AND CONSULTATIONS WITH FINANCIAL INSTITUTIONS (MULTIPLE) |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | WORKSHOPS AND CONSULTATIONS TO DERIVE LESSONS FROM UK CBES TO INFORM STRESS TESTING, DATA AND ANALYTICS NEEDS ETC |
| Year(s) Of Engagement Activity | 2022,2023 |
| URL | http://www.cgfi.ac.uk |
| Description | CGFI - UK CEH visit and exploratory workshop |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Other audiences |
| Results and Impact | Workshop to explore collaboration through application of UKCEH data, tools and Capabilities to CGFI initiatives |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.ceh.ac.uk/ |
| Description | CGFI Annual Forum 2022 |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Policymakers/politicians |
| Results and Impact | On Monday 4th July 2022, the UK Centre for Greening Finance and Investment (CGFI) organised its first Annual Forum, focusing on the role of data, analytics and innovation to advance green finance and capture the opportunities for the UK. The forum brought together experts from industry, government and academia to discuss the role of data for topics such as net zero transition plans, climate resilience and integrating nature-related financial risks and impacts. It also showcased successful applicants from the recent multimillion pound funding competition by Innovate UK focused on piloting innovative solutions that integrate climate and environmental factors into financial services. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/07/5594/ |
| Description | CGFI Asset Owners Group - TCFD Journey/Reporting - Virtual Roundtable |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Roundtable with representatives of UK pension funds to discuss their user requirements, areas of interest and potential collaboration with CGFI work and research. |
| Year(s) Of Engagement Activity | 2022 |
| Description | CLIMATE-INFORMED STRESS TESTING FOR THE FINANCIAL SECTOR @ COP26 Science Pavillion |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | How can climate-informed stress testing support a more resilience global economy and society? Hosted by the UK Centre for Greening Finance and Investment and the UK Met Office, with the Bank of England, European Central Bank. How can financial institutions leverage the best available science to build financial resilience? A conversation convened by the UK, Banco de Mexico, De Nederlandsche Bank, the World Bank and the International Monetary Fund (IMF). |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/10/climate-informed-stress-testing-for-the-financial-sector/ |
| Description | Chair, Met Office Hadley Centre Science Review Group |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Policymakers/politicians |
| Results and Impact | The Met Office Hadley Centre (MOHC) Science Review Group (SRG) brings together leading scientists from UK and international academia to carry out an independent review of the climate research carried out by the Met Office Hadley Centre Climate Programme (MOHCCP) to advise its government customers on the quality, robustness and relevance of our science outputs. |
| Year(s) Of Engagement Activity | 2022,2023 |
| URL | https://www.metoffice.gov.uk/research/approach/how-met-office-science-is-reviewed |
| Description | Climate Financial Risk Forum - Cast studies showcase |
| Form Of Engagement Activity | Engagement focused website, blog or social media channel |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Professional Practitioners |
| Results and Impact | Hosting of CFRF case studies from the Innovation Working Group, introducing a video series of practical pilots and emerging and active innovation activities across the sector as part of their 2021 report launch. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/cfrf/ |
| Description | Climate Investment Challenge |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Postgraduate students |
| Results and Impact | The Climate Investment Challenge, run by postgrad students at Imperial College Business School and now in its third year, calls on graduate students to develop and describe creative financial solutions and innovations addressing the defining challenge of our time - climate change. This could include identifying untapped climate finance opportunities or developing innovative financial structures or instruments that improve the bankability of climate investments. There is no single right answer. In the battle against climate change and its impacts, ideas across all sectors, topics, and regions are important! Prizes: The winning and runner-up teams will be awarded £10,000 and £5,000 respectively. Eligibility: Students enrolled in a postgraduate degree (Masters, MBA, or PhD-level) at the time of the submission. The challenge is open globally to students from all academic backgrounds. Undergraduate students may participate as long as the leader of the group is enrolled in a postgraduate degree. Students will have to form teams of 2 to 6 members. The Climate Investment Challenge goes through three stages: In Stage 1, your team will submit a Concept Note of your idea. If your team's submission is selected, you'll move on to the next stage. In Stage 2 (the Semi-Finals), your team will be invited to develop a detailed slide-pack of your idea. If your team's presentation is selected, you'll be moved on to the final stage. In Stage 3 (the Finals), your team will pitch your idea in front of a top-tier panel of judges from investment banking, private equity, and impact investing. |
| Year(s) Of Engagement Activity | 2021,2022 |
| URL | https://www.climateinvestmentchallenge.org/ |
| Description | Climate change science, impacts & urgency |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | Talk to Octopus Energy's global senior leaders team. |
| Year(s) Of Engagement Activity | 2021 |
| Description | Climate change science, impacts & urgency |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | Talk to HSBC's senior global 250 leadership |
| Year(s) Of Engagement Activity | 2021 |
| Description | Comment in Bloomberg article |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Media (as a channel to the public) |
| Results and Impact | Comment on "Wall Street Clashes With Green Bankers Fed Up With Oil Agenda" Article in Bloomberg |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://www.bloomberg.com/news/articles/2023-02-21/wall-street-clashes-with-green-bankers-fed-up-wit... |
| Description | Comment in Financial Times article |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Media (as a channel to the public) |
| Results and Impact | Ben Caldecott commented in the Financial times article "UK competition watchdog to ease rules on climate change action" |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://www.ft.com/content/6513ae6f-2347-409c-9be1-eee673d9447f?accessToken=zwAAAYbHIEL2kc9lE65vI0dA... |
| Description | DATA ANALYTICS PRIZE LAUNCHED FOR STUDENT CLIMATE ANALYTICS SOLUTIONS |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Postgraduate students |
| Results and Impact | The CGFI and Climate Investment Challenge (CIC) have partnered to launch the Data Analytics Prize. The Prize is looking for creative ways to utilise existing climate and environmental datasets to improve the adoption of climate finance. Such ideas may help to integrate transition or physical climate risk into financial decision-making or develop novel green financial instruments. This can include the use of weather data, climate models, geospatial and satellite data. The winning team, which will be composed of 2-6 students across disciplines and levels of study, will be awarded £5,000 and CGFI support to develop the analytics solution. |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://www.cgfi.ac.uk/2023/02/data-analytics-prize/ |
| Description | ESA WEBINAR: FINANCE FOR A GREEN TRANSITION |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | Christophe Christiaen, CGFI Innovation and Impact Lead, spoke in this ESA Space Solutions webinar about the role of space technology in greening finance. The webinar also introduced an ESA funding call for new business ideas that leverage space-based datasets and technologies to support and enable finance for a green transition. In November 2022, CGFI launched a partnership with ESA Space Solutions to accelerate the uptake of space-based solutions to support the greening of the financial system. |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://www.cgfi.ac.uk/2023/01/15th-february-esa-webinar-finance-for-a-green-transition/ |
| Description | FINTECH SCOTLAND PODCAST FEATURES CHRISTOPHE CHRISTIAEN ON FINTECH INNOVATION |
| Form Of Engagement Activity | A broadcast e.g. TV/radio/film/podcast (other than news/press) |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Christophe Christiaen, Innovation and Impact Lead at the UK CGFI, spoke to the FinTech Scotland podcast on fintech innovation with earth observation data. Listen below. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/12/fintech-and-pace-innovation-examples-with-christophe-christiaen/ |
| Description | FINTECH TALENTS FESTIVAL |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Professional Practitioners |
| Results and Impact | Christophe Christaen, CGFI Innovation and Impact Lead, spoke at the Fintech Talents Festival week on"Purposeful positioning: greening the financial sector with geospatial insights". |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/11/fintech-talents-festival/ |
| Description | Fintech Scotland meets space data for ESG |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Event organised by Fintech scotland bringing together scottish finance/fintech communities with the Scottish space tech ecosystem to stimulate collaboration and product development. |
| Year(s) Of Engagement Activity | 2023 |
| Description | First CGFI Newsletter |
| Form Of Engagement Activity | A magazine, newsletter or online publication |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | First CGFI newsletter sharing updates ahead of COP26 |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://mailchi.mp/223fc1317e03/latest-news-from-uk-cgfi-ahead-of-cop26-13453267?e=efa978fc6e |
| Description | GRII LAUNCH EVENTS AT COP27 |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | 2 MAJOR LAUNCH EVENTS RELATED TO GRII WITH THE WORLD BANK, INSURANCE DEVELOPMENT FORUM AND UNDRR, PLUS PANELS/PRESENTATIONS ETC AT OTHER COP27 SIDE EVENTS |
| Year(s) Of Engagement Activity | 2023 |
| URL | http://globalresilienceindex.org |
| Description | GRiF Technical Talks: The Challenge Fund: Innovation in Risk Financing |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | GRiF Technical Talks: The Challenge Fund: Innovation in Risk Financing Wednesday 12 January, 8am | Online Deputy director of CGFI Nicola Ranger gave the opening remarks at the sixth webinar in the GRiF Technical Talks series by Global Risk Financing Facility. The webinar highlighted projects supported by the fund's third round, which focused on disaster risk finance and its application to early action, machine learning and food insecurity. The GRiF Technical Talks is a webinar series that features GRiF's innovative projects around the world. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/01/grif-technical-talks-the-challenge-fund-innovation-in-risk-financing/ |
| Description | Green Horizon Summit @COP26 |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Dr Ben Caldecott, Director of the Oxford Sustainable Finance Group at the University of Oxford and Director of the UK Centre for Greening Finance & Investment, spoke on a panel at the Green Horizon Summit. The summit was led by the City of London and the Green Finance Institute and bought together key green finance stakeholders, across borders and across sectors, to address the shared global challenges we face around the transition to net zero. It was attended by more than 200 speakers including more than 40 CEOs and chairs from financial and professional services, attracting an online audience of 10,000. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/11/green-horizon-summit-cop26/ |
| Description | Innovate Finance's forum "The Power of FinTech: Creating a More Sustainable and Inclusive World for All |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Christophe Christiaen, CGFI Innovation and Impact Lead, participated in Innovate Finance's forum "The Power of FinTech: Creating a More Sustainable and Inclusive World for All on 11 October 2022. The one-day summit sought to discuss key problem areas facing society and to showcase how the fintech sector could contribute to a fairer, greener, and more sustainable world. Christophe participated in a panel discussion on "How Spatial Data and Finance are combining to help manage nature-related financial risks and opportunities". The session focused on the emerging field of spatial finance, including the evolving role of data and analytics for addressing nature-related risks in the financial sector. Innovate Finance is an independent industry body that represents and advances the global FinTech community in the UK. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/10/an-innovate-finance-forum-the-power-of-fintech-creating-a-more-sustai... |
| Description | Interview for BBC: COP26: UK firms forced to show how they will hit net zero |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Public/other audiences |
| Results and Impact | Press coverage as part of announcement of the Ttransition Plan taskforce |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.bbc.co.uk/news/business-59136214 |
| Description | Interview for Financial Times: CLIMATE FUNDS OFTEN FALL SHORT OF PARIS GOALS: BEN CALDECOTT COMMENTS |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | CGFI's Director and Principal Investigator comments in the Financial Times on a report by think tank InfluenceMap that funds marketed as "climate themed" often hold shares in large polluters such as oil companies. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.ft.com/content/86ecb21b-c7da-4197-914a-3e1e8e3c5324?shareType=nongift |
| Description | Interview for Financial Times: Does the maths on Mark Carney's $130tn net zero pledge stack up? |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Public/other audiences |
| Results and Impact | Mark Carney, the former central banker turned climate finance envoy, says the banking industry is about to deliver "hard numbers'' to show it can wipe out its carbon footprint. His grand project - to get big finance to commit to net-zero CO2 emissions by mid-century - has drawn in firms representing over $90 trillion, with more last-minute commitments expected to be unveiled at the COP26 climate summit in Glasgow this week. Now, the challenge is to prove to the world that an industry that's channeled trillions of dollars into fossil-fuel finance since the 2015 Paris accord can plausibly reform itself fast enough to avoid a climate catastrophe. Carney says the numbers will speak for themselves. CGFI's director Ben Caldecott comments: "We are still a very long way off. We urgently need new commitments at COP26 that amount to the most significant ever from financial institutions on climate, that demonstrate the collective intent for massive material change in future financial flows, and the widespread adoption of financial practices that actively support the transition to net zero at the pace and scale required." |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.ft.com/content/036f6253-ea40-4cde-868a-db8c5f3b245a?shareType=nongift |
| Description | Interview for Financial Times: STAY OR SELL? THE $110TN INVESTMENT INDUSTRY GETS TOUGHER ON CLIMATE |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Public/other audiences |
| Results and Impact | Financial Times: Ben Caldecott comments. Some asset managers are tiring of quiet conversations with companies about emissions and are now threatening to divest As Covid-19 ripped through the world in 2020, a cluster of senior figures at Aviva Investors, the £262bn UK asset manager, held a series of virtual meetings over the course of six months to discuss the other big issue looming over their portfolios: climate change. Concerned that global warming would hit the long-term valuations of companies, the group decided on a rare course of action for a big asset manager. Aviva Investors warned about 30 fossil fuel intensive companies that if they failed to take radical action to slash their emissions, it would sell out across its equities and fixed income portfolios within one to three years. It was a bold move that dramatised a growing dispute within the $110tn investment industry. Many big asset managers still routinely dismiss divestment, arguing it is better to stay invested and try to alter corporate behaviour through background conversations with companies. However, there are a growing number of large, traditional investors who are taking a tougher approach with companies over global warming, a change in attitude that could have huge ramifications for businesses around the world. Ben Caldecott, director of the sustainable finance programme at the University of Oxford Smith School of Enterprise and the Environment, says one of the problems with the current model of engagement favoured by the investment industry is that few asset managers have a long-term plan around how to interact with businesses over climate change. "There has been very little playing chess like a chess champion, where [asset managers are] thinking several moves ahead and coming up with proper strategies," he says. "Very few are thinking about all the levers they have available." |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.ft.com/content/ee08d61d-4c98-4398-9971-93036d67e91e |
| Description | Interview for IPE: THE EU TAXONOMY NEEDS RESCUING - BEN CALDECOTT COMMENTS |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | The EU taxonomy, a system for identifying what economic activities count as sustainable, has been in the spotlight since the news broke on new year's eve about a proposal from the European Commission to extend it to cover nuclear energy and natural gas. It is unclear how long the controversy will last, writes Susanna Rust in IPE. One the one hand, there does not look to be enough opposition among member states or members of the European Parliament to be able to block it, although the Council and Parliament have four months, plus potentially an extra two, for scrutiny. On the other hand, there is the prospect of a legal challenge from Austria and Luxembourg. At the time of writing in late January it was also unclear how the Commission would be responding to feedback from the Platform On Sustainable Finance, its advisory body, that the Commission's proposal is not in line with the bloc's legislative bodies' own rules on the taxonomy. In 2019, Ben Caldecott of the Oxford Sustainable Finance Group named 10 reasons why the then current proposals for a green taxonomy were a bad idea. Number four was "disingenuous claims that the taxonomy won't become a standard or mandatory". Another was that lobbying would result from thresholds for the binary green/not green assessments being set administratively. Caldecott stands by those views and thinks a lot of the issues he raised are coming to pass. "At best, a green taxonomy is one helpful tool among many for some use cases," he says. "By far the most important use case actually has very little to do with finance and investing, but rather fiscal policy. If governments want to support 'green' things, they need to define what is green." |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.ipe.com/comment/the-eu-taxonomy-needs-rescuing/10057671.article |
| Description | Interview for IPE: UK reveals plan for economy-wide climate impact reporting regime |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | UK pension schemes face new requirements to disclose sustainability-related information, but these will "streamline" existing climate reporting duties and also cover corporates and financial services firms in the country, according to government announcements today. Ben Caldecott, director of the University of Oxford sustainable finance programme and director of the pension fund-backed Centre for Greening Finance & Investment, said the new integrated Sustainability Disclosures Requirements were "a hugely positive step". "Requiring firms to report on the positive and negative impacts they are having on the climate and environment is an essential complement to risk focused disclosures pioneered by the TCFD." |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.ipe.com/news/uk-reveals-plan-for-economy-wide-climate-impact-reporting-regime/10053826.a... |
| Description | Interview for The Times: FIRMS TO BE NAMED AND SHAMED FOR 'GREENWASHING' THEIR CLIMATE RECORD: BEN CALDECOTT COMMENTS |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Public/other audiences |
| Results and Impact | A "greenwashing" watchdog is being set up by the United Nations to name and shame companies that fail to deliver on net zero commitments, according to Ben Spencer, Science Editor at The Times. The Cop26 summit in Glasgow has been beset by accusations of greenwashing - when the environmental credentials of products or organisations are overstated - as businesses and politicians compete to make ever more ambitious claims. With major oil firms such as Saudi Aramco announcing they will hit net zero emissions by 2050, experts are increasingly concerned that unsubstantiated rhetoric threatens to undermine the credibility of the meeting. Dr Ben Caldecott, director of the Oxford Sustainable Finance Programme at Oxford University, said: "The creation of this panel is really important. They will want to ensure the integrity of climate commitments and will need to make sure targets are robust and not open to greenwashing and lobbying from vested interests." |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.thetimes.co.uk/article/firms-to-be-named-and-shamed-for-greenwashing-their-climate-recor... |
| Description | Interview in Financial Times |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Financial Times (Moral Money) piece on the Transition Plan Taskforce to publicise the TPT and upcoming publications |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.ft.com/content/acbfc1ed-ee47-4e6f-af22-a5c91f4e5d5b?shareType=nongift |
| Description | Launch of the Global Resilience Index Initiative |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | An international, multi-partner initiative, GRII will be the world's first curated, open-source reference index GRII addresses the data emergency that is contributing to the climate crisis Launched during the COP26 Adaptation Day on 8th November under the patronage of Mark Carney, UN; Mami Mizutori, UNDRR; and Eric Andersen, AON & IDF |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/11/global-resilience-index-initiative-launched/ |
| Description | Lecture at NN Investment Partners' Responsible Investing Summer Course |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Taking place on 20 July 2021, 14:00 - 15:00 CEST. How can we be sure that investments have a positive impact in the real world? How can we ensure the business models being developed address issues such as climate change, biodiversity, the circular economy and social challenges? Does AI in ESG really work and what is its future? Join us this summer for the NN Investment Partners' Responsible Investing Summer Course. Leading academics from all over the world will deliver a series of virtual, interactive lectures about the future interplay between sustainability, finance and technology between 20 July and 25 August. The course has been organized in cooperation with the Academy of Business in Society (ABIS) and features leading academics from universities across the globe including Oxford University, the Chinese University of Hong Kong, the University of Zurich and the University of Groningen. This interactive series builds on the success of our Summer Course 2020. By registering you will be able to join the discussions and ask all our academics questions in a live Q&A or watch the session later at your own convenience. You will also enjoy online access to all of the content and videos from last year. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.nnip.com/en-INT/professional/insights/events/summer-course-2021-the-future-of-responsibl... |
| Description | London CGFI Innovation Hub |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | London CGFI innovation launch event brought together leading academics and industry professionals in discussion on climate analytics and the growing role of climate data and innovation for the financial services sector. With around 80 attendees at Royal Institution, the event started with presentation and case studies from CGFI and GreenHouse business ideas in climate finance/tech. Then a panel discussion brought together banks, fintechs, climate tech and VC. The Hub offers a space and support for businesses, policy makers, academics, professionals, investors and entrepreneurs to collaborate on climate challenges facing financial institutions. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/11/cgfi-connect-london-cgfi-hub-launch/ |
| Description | Mark Leonard's World in 30 Minutes: COP26 and Europe's green grand bargain |
| Form Of Engagement Activity | A broadcast e.g. TV/radio/film/podcast (other than news/press) |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | Negotiations of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) are underway in Glasgow. This week, host Mark Leonard speaks with Lykke Friis, ECFR board member and director of the Danish Think Tank Europa and former minister for climate and energy of Denmark; Susi Dennison, head of ECFR's European power programme; and Alex Clark, researcher at the Smith School of Enterprise and the Environment at the University of Oxford and ECFR visiting fellow. Together, they analyse the prospects of success at COP26 and particularly what role the European Union can and should play. Is the EU in a position to deliver a green grand bargain, or is its role as peripheral now as it was at COP15? This podcast was recorded on 3 November 2021. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://podcasts.apple.com/us/podcast/cop26-and-europes-green-grand-bargain/id340460705?i=1000540868... |
| Description | Member of Editorial Board for 10 New Insights in Climate Science 2022, presented at COP27 |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | The 10 New Insights in Climate Science series is an annual synthesis highlighting essential advances in climate change research, from natural and social sciences, with high policy relevance. The report has been launched every year since 2017 at the climate COP, with participation of the UNFCCC Executive Secretary. This joint initiative of Future Earth, The Earth League, and The World Climate Research Programme, is a collective effort to support the diffusion of the most relevant and up-to-date climate change science to policymakers, negotiators, and the general public. See: https://10insightsclimate.science/ |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://10insightsclimate.science/ |
| Description | NGFS NATURE AND CLIMATE SCENARIO RELATED WORKSHOPS (2 WORKSHOPS PLUS MEETINGS) |
| Form Of Engagement Activity | A formal working group, expert panel or dialogue |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | MEETINGS AND WORKSHOPS WITH NGFS AND CENTRAL BANKS TO SHARE RESEARCH ON CLIMATE SCENARIOS AND DISCUSS NATURE SCENARIOS |
| Year(s) Of Engagement Activity | 2022,2023 |
| URL | http://www.cgfi.ac.uk |
| Description | PODCAST: SUSTAINABILITY & YOU FEATURING PROFESSOR MARTIN SIEGERT |
| Form Of Engagement Activity | A broadcast e.g. TV/radio/film/podcast (other than news/press) |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Public/other audiences |
| Results and Impact | CGFI researcher Professor Martin Siegert of Imperial College London is the first guest on the Sustainability & You podcast. Martin is a glaciologist having studied geological geophysics at Reading University, and with a PhD in the numerical modelling of large ice sheets from Cambridge University. His current work involves the study of large ice sheets in the past, present and future, using combinations of numerical modelling, satellite observations and glacier geophysical measurements. He is an author, prize winner and artic explorer. The Sustainability & You podcasts are a series of interviews with experts in science, academia, government, business, NGO's and economists amongst others, all of whom influence and shape the race to net zero. It's purpose is to create greater awareness and connectivity between all these different actors so that we can accelerate decarbonisation and ESG solutions. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/04/podcast-sustainability-you-featuring-professor-martin-siegert/ |
| Description | Panel discussion: COP26 UNIVERSITIES NETWORK VIRTUAL CONFERENCE. |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Policymakers/politicians |
| Results and Impact | CGFI's Nicola Ranger joined a panel to discuss financial risk from climate change at the COP26 Universities Network Virtual Conference. The session engaged leading experts in climate finance from academia, central banks and financial regulators in a stock-taking exercise to critically discuss international examples of progress in climate financial risk assessment and the challenges associated which are currently faced by investors and supervisors. Panel members were: Irene Monasterolo Vienna University of Economics and Business , Joseph Noss Financial Stability Board , Laura Parisi European Central Bank , Nicola Ranger University of Oxford , Stefano Battiston Univ. of Zurich and Ca' Foscari Univ. of Venice |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cambridge.org/engage/coe/article-details/60cfcae2c62295d3871a2fa0 |
| Description | Panel member - Fintech North Conference |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Increased awareness of CGFI and Leeds Innovation Hub |
| Year(s) Of Engagement Activity | 2021 |
| Description | Podcast - interview on CER from the asset owner perspective |
| Form Of Engagement Activity | A broadcast e.g. TV/radio/film/podcast (other than news/press) |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Podcast specifically discussing CGFI and the asset owner flagship with a focus on trustees. |
| Year(s) Of Engagement Activity | 2021 |
| Description | Podcast - on post COP26 |
| Form Of Engagement Activity | A broadcast e.g. TV/radio/film/podcast (other than news/press) |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | Interviewed alongside Jennifer Bell, Senior Climate Risk Policy Advisor at the Bank of England, who supports Mark Carney as COP26 Private Finance Advisor to the UK Government. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://podcasts.apple.com/us/podcast/money-matters-combatting-the-climate-crisis/id1591591929?i=100... |
| Description | Presentation to Space4Climate group |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Gave an overview presentation on CGFI to the Space4Climate group, which consists of researchers and industry practitioners in the area of climate data from space. |
| Year(s) Of Engagement Activity | 2021 |
| Description | Presentation to SpaceComm |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | Gave an overview presentation on CGFI in a special session on Space and Finance. Audience were mainly businesses in the space industry (upstream and downstream) and their potential users/customers. Also took part in panel discussion with 4 others from various companies (including a building society, a satellite data company and a climate intelligence company). |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.space-comm.co.uk/agenda/ |
| Description | Press release: GLOBAL RESILIENCE INDEX INITIATIVE LAUNCHED |
| Form Of Engagement Activity | A press release, press conference or response to a media enquiry/interview |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Policymakers/politicians |
| Results and Impact | An international, multi-partner initiative, GRII will be the world's first curated, open-source reference index GRII addresses the data emergency that is contributing to the climate crisis Launched during the COP26 Adaptation Day on 8th November under the patronage of Mark Carney, UN; Mami Mizutori, UNDRR; and Eric Andersen, AON & IDF Glasgow, UK, 8th November, 2021: The Global Resilience Index Initiative (GRII) multi-partner taskforce announces today its formal launch at COP26 Adaptation Day. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/11/global-resilience-index-initiative-launched/ |
| Description | RAeS Conference - Towards a Space Enabled Net Zero Earth |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Presentation of CGFI and its mission, making links with the space sector and how it could enable net zero across our economies. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.aerosociety.com/events-calendar/raes-conference-towards-a-space-enabled-net-zero-earth/ |
| Description | RICS built world forum |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Presenting and discussion the role of spatial finance for the built environment. |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://www.rics.org/training-events/wbef-events |
| Description | Say on Climate |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | 23 February 2022 | Westminster The 'Say on Climate' initiative asks companies to set out their strategy to manage the transition to a net zero emissions business. Ben Caldecott spoke at the conference on The potential role of transition plans and transition finance in accelerating decarbonisation. Investors are asking for emission disclosure consistent with the Task Force on Climate-related Financial Disclosures, a five-year plan to get onto a net zero emissions pathway and annual provision for shareholders to vote on such plans. The UK government is moving towards making publication of corporate net-zero transition plans mandatory and is setting up a high-level transition plan taskforce to develop a 'gold standard' for climate action transition plans by end of 2022. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/02/say-on-climate/ |
| Description | Spatial Finance Initiative: LAUNCH OF THE FIRST ANNUAL SPATIAL FINANCE STATE & TRENDS REPORT |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Around 400 people registered to attend the launch event of our Spatial Finance Initiative thought leadership report and open asset-level databases. This included insights sharing of two panels of experts on both topics. This has led to hundreds of downloads of both resources across a diverse audience of researchers, practitioners and third sector. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.youtube.com/watch?v=L71fKwMS_-w&t=1s |
| Description | Sustainable Investing: Progress in Practice |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | CFA UK's Sustainable Investment conference brought together investment practitioners to discuss how best to implement sustainable investment strategies today and in future. Dr Ben Caldecott, Director of the Oxford Sustainable Finance Group at the University of Oxford and Director of the UK Centre for Greening Finance & Investment, joined a session on the final day - themed Towards a sustainable future - to discuss 'Where next for policy, regulation and client demands?' Across four half-day sessions in the week beginning 20 September, the event brought together investment professionals to consider some of the key questions that we still need to resolve, to consider the skill sets that investment professionals need to cultivate, to look at the various sectors in which those skills need to be applied and to think about some of the challenges that are likely to arise in the coming few years. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/09/sustainable-investing-progress-in-practice/ |
| Description | Talk at BMO Responsible Investment Conference |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | BMO hosted its virtual Responsible Investment Conference on 8th June. Please take a look at the key highlights from the event. If you were unable to attend the conference but would like to register to get access to our recorded sessions, please follow the link below. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://bmo.eventscase.com/EN/RIConference2021 |
| Description | The Economist's Climate Risk Virtual Week |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | The Economist's Climate Risk Virtual Week convened thought leaders, investors, regulators, policy makers, sustainability professionals and scientists to delve deep into conversations about the impact that climate-related risks will have on businesses and how management can respond. Dr Ben Caldecott, Director of the Oxford Sustainable Finance Group at the University of Oxford and Director of the UK Centre for Greening Finance & Investment, joined speakers on Day 2 of the event, which explored the theme Climate Change Risk Management in High Impact Sectors. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://www.cgfi.ac.uk/2021/09/3rd-annual-climate-risk-europe-virtual-week/ |
| Description | The emerging intersection of smart space and finance: Spatial finance in support of climate action @ KTN Virtual COP26 Pavillion |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Pavilion Overview Organised by KTN in collaboration 30+ other partners, the 11-day Virtual Pavilion will explore the role of innovation, inclusive growth, and collaboration in supporting the climate emergency and meeting Net Zero targets, using the power of place. In the last two days, KTN and its delivery partners will deliver a packed agenda featuring plenaries and parallel sessions focused on transport, cities, finance, science and innovation, adaptation and nature. Panel discussion on "The emerging intersection of smart space and finance: Spatial finance in support of climate action" curated by University of Oxford and the Spatial Finance Initiative. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://ktn-uk.org/events/space-geospatial-virtual-pavilion/ |
| Description | Transition Plan Taskforce moves into next phase |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | First major TPT event of 2023 to launch workplan for the year. Speeches from HM Treasury minister, CEO of Aviva, CFO of Unilever, CEO of WWF UK, seniors from Bank of England, SSE, FCA. Hosted at the Guildhall at the City of London. Major call to action to the market on transition plans and announcement of new TPT members, working groups and expansion of the Sandbox. |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://transitiontaskforce.net/transition-plan-taskforce-moves-into-next-phase/ |
| Description | Transition Plan Taskforce: COP26 Launch Event |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Industry/Business |
| Results and Impact | To launch the TPT Disclosure Framework and Implementation Guidance consultation, informing the market of likely future regulatory requirements, seeking feedback and driving ambition around transition plans as a means of planning for the transition to net zero. Launched at COP27. Speeches from a UK Minister and key senior figures from GFANZ, ISSB, Unilever, FCA, Natwest. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://transitiontaskforce.net/uk-transition-plan-taskforce-launches-new-gold-standard-for-best-pra... |
| Description | Trends in AI4ESG |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Christophe Christiaen, Innovation and Impact Lead for the Spatial Finance Initiative, will join an online event exploring ESG and AI on 24 February, 16:00-18:00. ESG stands for Environmental, Social, and Governance. Investment companies, asset owners and banks are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities. Artificial Intelligence - sometimes called the New Electricity - has enormous potential to drive evidence-based ESG analysis and detect ESG-washing. Natural Language Processing (NLP) and Geospatial AI have become trending technologies in sustainable finance. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/02/trends-in-ai4esg/ |
| Description | WEBINAR: RETHINK CLIMATE TRANSITION: HOW IS THE CLIMATE TRANSITION UNFOLDING? |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | International |
| Primary Audience | Professional Practitioners |
| Results and Impact | Climate change policies and efforts to link global warming and reach net zero by 2050 are critically dependent on the decarbonisation of our energy system. The challenge, as well as the investment required, is vast. What do investors need to know about how the energy revolution is unfolding? In this webinar on Climate Transition, Head of CLIC Solutions Kristina Church talks to Ben Caldecott from Oxford University and Paul Udall, lead portfolio manager of Lombard Odier's Climate Transition strategy. They examine the energy sector and the extent of change required. |
| Year(s) Of Engagement Activity | 2021 |
| URL | https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=&eventid=320983... |
| Description | Westminster Business Forum |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Panel member of discussion on Green Finance. |
| Year(s) Of Engagement Activity | 2021 |
| Description | Women in FinTech Powerlist 2022 |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | I am selected as part of Women in FinTech Powerful List 2022 by Innovate Finance, in the category Industry and Knowledge Champions (International and national hub representatives, NGOs, academia and industry vertical specialists i.e. ESG) as a result of your outstanding hard work and achievements over the previous 12 months. The event will be held on 16th of March. |
| Year(s) Of Engagement Activity | 2023 |
| URL | https://www.innovatefinance.com/womeninfintech/powerlist2022/#1645113001917-ce2a24d3-1ad816763822311... |
| Description | Yorkshire Climate Summit |
| Form Of Engagement Activity | A talk or presentation |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | Raised awareness about CGFI and Leeds Innovation Hub |
| Year(s) Of Engagement Activity | 2021 |
| Description | ompound Wind and Flood events collaborative Workshop |
| Form Of Engagement Activity | Participation in an activity, workshop or similar |
| Part Of Official Scheme? | No |
| Geographic Reach | National |
| Primary Audience | Industry/Business |
| Results and Impact | This workshop was jointly hosted at the University of Reading by researchers from Reading, Bristol and Loughborough. The workshop had the dual aim of promoting engagement and uptake of recent academic work on European wind and flood hazards within the insurance industry and allowing the scientific community to discuss the potential outputs of three recently funded projects: The Centre for Greening Finance and Investment (CGFI), STORMY-WEATHER1, and ROBUST2 all which are scoped in part around compound wind and flood events over Europe. |
| Year(s) Of Engagement Activity | 2022 |
| URL | https://www.cgfi.ac.uk/2022/04/compound-wind-and-flood-events-collaborative-workshop-summary/ |