Communiqué de presse EcoAct
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EcoAct and Forward Finance: a new partnership to assess and reduce risk related to investment portfolios

Paris, xx May 2017 – The financial sector is showing increasing awareness of climate change, with 60% to 70% of major institutional investors and global asset managers now publishing data on their exposure to climate risk. Yet less than a quarter of them are taking concrete action to decarbonise their investment portfolios. As a key driver in decarbonising the economy, the financial sector must transform itself through a low-carbon strategy that marries climate responsibility with financial efficiency. EcoAct and Forward Finance are joining forces to address this need, providing support for investors with their low-carbon strategies and responding to the new requirements of France’s energy transition law. The Paris Agreement highlights the key role the financial sector has to play in keeping the increase in global temperatures below 2°C, by making “finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”. [1] http://unfccc.int/files/meetings/paris_nov_2015/application/pdf/paris_agreement_french_.pdf  
L’enjeu n’est pas tant de trouver de nouvelles sources de financement que de rediriger les flux actuels, en soutenant les entreprises pionnières de la transition écologique et énergétique et en accompagnant la transition globale de l’économie dans le sens d’une trajectoire 2°C.

Le secteur financier pourrait même jouer un rôle moteur dans la décarbonisation de l’économie : en effet, les investisseurs ne peuvent pas ignorer le risque que fait peser le changement climatique sur la valeur des actifs financiers, aujourd’hui estimé à 2,5 milliards de US $ pour une augmentation des températures de 2,5 °C [1].

By pooling their expertise, EcoAct and Forward Finance can now offer concrete solutions that enable investors to meet their regulatory obligations and engage in the low-carbon transition. – Gerald Maradan, Managing Director of EcoAct
Together, our two teams offer a multidisciplinary approach to helping investors assess performance in a new way: by including climate data in their analysis of their asset portfolio, we can fine-tune their strategy and provide concrete solutions to current and future issues. – Kim NGUYEN, Managing Director of Forward Finance
Article 173-VI of the energy transition law addresses this risk by requiring institutional investors to assess and disclose the potential impact of climate change on their investment portfolios (climate risk) and the impact their investments have on climate change (the portfolios’ carbon footprints). This creates a robust base on which to build a low-carbon strategy that reconciles climate responsibility and financial efficiency.

On an international level, 60% of the 500 leading institutional investors (representing 27,000 billion dollars) and 70% of the 50 top global asset managers (managing assets worth 43,000 billion dollars on behalf of their clients) now provide information on the potential impact of climate change on their investments.

[1] https://www.nature.com/nclimate/journal/v6/n7/full/nclimate2972.html

[2] http://aodproject.net/wp-content/uploads/2017/04/AODP-GLOBAL-INDEX-REPORT-2017_FINAL_VIEW.pdf

In response to these new requirements, EcoAct and Forward Finance are pooling their expertise to:

  • estimate the carbon footprint of investment portfolios;
  • assess climate and transition risks related to investment portfolios;
  • design and implement strategies to decarbonise investment portfolios.

Forward Finance brings in-depth knowledge of the financial sector to complement EcoAct’s expertise in assessing carbon footprints and climate and transition risk. The partnership aims to provide investors with the essential tools to meet the requirements of article 173-VI of the energy transition law, and above all to support them in optimising their portfolios’ environmental performance, within the framework of a comprehensive low-carbon strategy.

Press contacts

EcoAct
A AJOUTER
Forward Finance

Eléonore Niccolai,
Directeur du développement et de la communication
01 53 77 52 65
eniccolai@forwardfinance.com

About EcoAct

EcoAct Group provides companies and territories with unique expertise in planning for and implementing positive change in response to climate change.

Driven by shared values, our experts have been developing mitigation and adaptation strategies on a global level for over 10 years. With their help, leaders are making climate a key lever for performance and innovation.

EcoAct achieves this by bringing together 3 areas of expertise:

  • strategic guidance: auditing, decrypting, prospecting, network coordination, defining and implementing road maps, etc.
  • data modelling and analysis (smart data): defining indicators, aggregation, comparative scenarios and projections, etc.
  • project design and management: change management, mitigation, adaptation and offsetting measures, testing and developing projects in the field, etc.

 

About Forward Finance

For over 15 years, Forward Finance has worked with investors looking for a leading partner to support them with all their asset management issues. Our teams are committed to the success of our clients’ goals and projects, whether through consultancy or ad hoc assistance and service interventions. Our staff embody the values on which our company is built: transparency, responsiveness, and guidance.

Forward Finance provides tailor-made expertise that helps you save time, see the bigger picture, take control of your decisions, and consolidate your choices.

We help you build the framework that lets you achieve your goals.

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