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WBCSD releases new guidance for power utilities on evaluating climate-related financial impacts | |
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2021-11-12 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 国际 |
领域 | 资源环境 |
正文(英文) |
Published: 12 Nov 2021
Type: News
WBCSD today released “Evaluating Climate-Related Financial Impacts on Power Utilities”, new guidance presenting approaches and insights for quantifying energy transition-related financial risk and opportunity in the power electric utilities sector. Developed with WBCSD power sector members in response to recommendations by the Task Force on Climate Related Financial Disclosures (TCFD), the guidance shows power utility businesses how to develop an effective framework for analysis of climate-related risk and opportunity, as well as how to evaluate this. The project was supported by the sustainability consultancy ERM, which provided a secondee to lead the project and write the guidance. The analysis and disclosure of climate-related financial impacts are important to achieving a sustainable and timely transition towards a net-zero, nature positive and equitable future for 9+ billion people to live, within planetary boundaries, by 2050. They provide strategic insights to individual companies and their investors, enabling more effective risk management and investment decision making, and ensuring the allocation of capital to activities consistent with a low carbon future. The Financial Stability Board’s TCFD has developed recommendations to assist public companies and other organizations in disclosing climate-related risks and opportunities through their existing reporting processes, including using scenario analysis to assess and report on strategic resilience. Power utilities – particularly in Europe – have been early adopters of scenario analysis as an important tool to develop strategic responses to energy transition. The new guidance will help build capacity in the power sector globally by sharing insights from WBCSD’s power sector members, many of whom have been developing detailed responses to TCFD for years. “The launch of the TCFD Recommendations was a flagship moment for disclosure of climate-related financial impacts to the financial community,” Claire O’Neill, Senior Advisor, Climate & Energy, at WBCSD commented. “However, it has proved difficult for power utilities to align with the expectations of stakeholders as this is a technically complex area without consistently adopted approaches. This new guidance will help to address this issue through presenting proven approaches from leading organizations. In turn, this is expected to improve the resilience and strategic decision making of companies in the power sector, aligned with a low carbon future.” Key insights presented in the new guidance. Developing an effective framework for analysis of climate-related financial risk and opportunity – including the choice of scenarios and timeframes. In particular:
Evaluating climate-related financial risk and opportunity:
Looking forward, WBCSD will continue to work with its members to drive the transition to a net zero future. To find out more please see the WBCSD website: www.wbcsd.org. |
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来源平台 | World Business Council for Sustainable Development |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/340405 |
专题 | 资源环境科学 |
推荐引用方式 GB/T 7714 | admin. WBCSD releases new guidance for power utilities on evaluating climate-related financial impacts. 2021. |
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