In a changing climate, the financial sector will more than ever need precise data, predictions and projections to assess investment risks and identify opportunities. Having reliable information at hand will help to accelerate the switch to a climate-resilient global economy.
Recent years have seen the financial sector under pressure to help deliver climate adaptation and mitigation actions and make greener investment decisions. Now, with the world contemplating a post-pandemic green recovery, expectations are mounting for banks and investors to drive that greening in more transparent ways.
Keeping dangerous warming below 1.5 °C and achieving net-zero emissions by 2050 comes at a long-term price. According to the UN, globally, we need to invest between $5 and $7 trillion per year to achieve the Sustainable Development Goals (SDGs) to combat global challenges such as climate change – far from the estimated $3 trillion per year currently discussed. However, financial institutions �