This project lasts three years, and has been proposed by Stan Dupre (CEO of 2° Investing Initiative), who also has been nominated as convener of the working group. Massamba Thioye (UNFCCC secretariat) has been nominated as co-convener of the working group.
The inaugural working group session occurred on February 8th-9th, 2017 in Angers, France in coordination with broader ISO meetings. For those unable to attend in person, an introductory webinar was hold on February 7th, 2017, at 3 PM CET.
This new process will create the first framework standard for assessing and reporting investments and financing activities related to climate change, including:
- Alignment of investment and lending portfolios with the objectives of the Paris Agreement, and contribution of financial institutions to achieving them.
- (potentially) Scenarios used in climate stress-testing and guidance on climate-related financial risks.
All stakeholders and especially those who are not involved in the standards community (e.g. from financial institutions) are also invited to take part, either:
- Formally (through accreditation with national standards or liaison organization); or
- Informally by providing feedback on drafts and attending ‘side’ technical workshops and webinars.
