Best practise transparency for Paris-aligned investing - Swiss Climate Scores
Christoph Baumann
Alternate Executive Director at the IMF, representing the Swiss-led constituency in the Executive Board | Former Swiss Envoy for Sustainable Finance
Urgency for climate action
The world economy should transition to net-zero greenhouse gas emissions by mid century. This is needed to hold the increase in the global temperature to well below 2°C and pursuing efforts to limit it to 1.5°C. Current science indicates that global warming beyond 1.5°C has potentially catastrophic impacts on the natural world and human society.
In order for investors and financial markets to be able to contribute to climate goals, they need meaningful and comparable information as to how compatible various investment products are with international climate goals.
Together with NGOs, universities, and the financial industry, the Swiss government established the Swiss Climate Scores to define what Switzerland views as best practice transparency on climate alignment for investment products to foster investment decisions which contribute to reaching the climate goals.
The Federal Council recommends to all Swiss financial institutions to apply such transparency on all investment products and investment management mandates, where applicable.?
Introduction to the Swiss Climate Scores
The Swiss Climate Scores include both current-state and forward-looking indicators, given the need to assess the level of ambition of firms included in the portfolio.
MSCI Climate & Biodiversity Investment Research; Current / former TCFD and SBTi Member. Views are my own. 327ppm.
1 年Perfect scorecard!
Congratulations Christoph…. Let’s make it more inclusive and supportive of emerging markets efforts to transition too….
Solutions Campaigning and Innovation for Regenerative Lifestyles and Economies
2 年Great first step. Next Step: Make it Mandatory! https://www.greenpeace.ch/de/medienmitteilung/87237/nachhaltige-finanzanlagen-freiwillige-indikatoren-genuegen-nicht/
Climate & Sustainability Risk, Executive Director chez Julius Baer
2 年Congrats for your leadership on this topic, Christoph!
Design Director // Human-centered products, services, and systems // IDEO alumni
2 年Pando by Swiss Life