Once Upon a Time: Evidence Based Policy Making This report focuses on the question of low-carbon indices. It responds to the planned reform by the European Commission on benchmark indices, with an aim to support them and the Technical Expert Group on Sustainable Finance in their thinking about climate-themed indices […]
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Transition risks: How to move ahead Across six reports, Kepler Cheuvreux and The CO-Firm have quantitatively analysed how transition risks could impact future company earnings and equity valuations by modelling the utilities, autos and steel sectors under different climate change scenarios. This report provides a one-stop shop for the key […]
Transition risks: How to move ahead
Transition risks in the steel sector This report is the fourth in a series of six, as part of the Energy Transition Risks project. It investigates the potential financial impact of climate change scenarios on companies in the steel sector, focusing on ArcelorMittal, thyssenkrupp, and voestalpine’s crude steel business. Our […]
Transition risks in the steel sector
CLIMATE SCENARIO ANALYSIS: CEMENT’S FINANCIAL PERFORMANCE UNDER 2° C AND 2.7° C This report specifically aims at illustrating the general impact of two distinct climate changes scenarios on the financial performance of the plants that operate in these six countries (Germany, Italy, France, Brazil, the USA and Mexico). Looking at […]
Cement’s financial performance under 2°C and 2.7°C
Transition risks in the automotive sector Since the FSB’s Task Force on Climate-related Financial Disclosures (TCFD) published its recommendations in 2017, scenario analysis has been a leading tool to assess the risks and opportunities to companies from measures taken to mitigate climate change. This study analyses the degree to which […]
Transition risks in the automotive sector
Right Direction, Wrong Equipment: Why Transition Risks do not Fit into Regulatory Stress Tests This report seeks to explore options around integrating transition risk into mainstream stress-test scenarios used by financial supervisory authorities. It analyses options for integration into macroeconomic, asset-class and sector risk factors. It focuses in particular around […]
Right Direction, Wrong Equipment
Asset-level data and the Energy Transition: Findings from ET Risk Work Package 2 Detailed and complete data on corporate assets are required in order to adequately assess risk in companies and the diffusion of that risk through the financial system. At present, data on corporate assets may only be released […]
Asset-level data and the Energy Transition: Findings from ET Risk ...
Mind the Gap This report looks at the oil, gas and thermal coal industry with a focus on the upstream end of the value chain, comparing potential supply to a selection of different demand scenarios that result in varying global warming outcomes. The three scenarios used are drawn from those […]
Mind the Gap
Changing Colors: Adaptive Capacity of Companies in the Context of the Transition to a Low Carbon Economy This paper seeks to explore the question of adaptive capacity of companies to financial risks that may arise in the context of the transition to a low-carbon economy. While financial analyst models provide […]
Changing Colors: Adaptive Capacity of Companies in the Context of ...
Investor Primer to Transition Risk Analysis Since the Financial Stability Board Task Force on Climate-related Financial Disclosures (FSB TCFD) released its recommendations, there has been a greater emphasis on scenario analysis in the financial community to assess the opportunities and risks related to efforts to limit temperature change. Given the […]