With the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) published in June 2017, many asset owners and managers announced new initiatives in relation to climate-related risks and opportunities. Measuring the progress of this work in a consistent, fair and public manner is critical for regulators, governments, clients and many in the investment industry. In 2018, AODP aims to publish 3 sector-specific global climate indices: ranking global insurance companies, pension funds and asset managers.
GLOBAL CLIMATE INDEX OF INSURANCE COMPANIES
In November 2017, we wrote to the CEOs of 75 largest insurance companies globally (letter template can be found here). We invited them to participate in the AODP Global Insurance Sector Survey, which will assess insurance sector response to climate-related risks & opportunities. The primary aim of our survey is to create a valuable resource for investors, civil society and regulators in order to facilitate well-informed engagement with insurers on this important theme. We will prepare a published ranking, assessing the response of surveyed companies. Where responses are not forthcoming, we will assess on the basis of publicly available information. A further objective is to encourage and share industry best practice. The published results of our survey will be accompanied by a best practice guide based on what we learn from insurers who participate in the research process.
The questionnaire is fully aligned to the TCFD recommendations for the sector. We are also drawing on Sustainability Accounting Standards Board, the US National Association of Insurance Commissioners and the UN PRI reporting framework to help develop the questions and survey structure. Deadline for responses is 19 January 2018. The index will be published in March 2018.
Click on the links below to download documents.
GLOBAL CLIMATE INDEX OF PENSION FUNDS
This index will focus on the largest global pension funds. It is intended that the survey questions will be distributed to participants in March 2018 with the index publication in June 2018.
GLOBAL CLIMATE INDEX OF ASSET MANAGERS
This index will focus on the largest global asset managers. It is intended that the survey questions will be distributed to participants in May 2018 with the index publication in August 2018.