Carbon Delta wins major UN contract

“Following the ratification of the Paris Agreement, financial regulators in most major world economies are now evaluating policies and measures to align the financial sector’s activities with long term climate stabilization targets,” said Eric Usher, Head of the UN Finance Initiative (UNEP FI), in a press release from Carbon Delta. The UNEP FI has launched a pilot project to work together with 13 institutional investors on developing guidelines towards a first set of climate-related investor disclosures. 

This calls for an online tool, which the startup Carbon Delta has been tasked with providing by investors and the UNEP FI. In Climate Value-at-Risk, the Zurich-based fintech is already able to offer a data analysis tool that enables investors to calculate the risks and opportunities climate change poses for their portfolios.

David Lunsford, Carbon Delta co-founder and Project Manager: “We look forward to contributing to the development of TCFD guidance as well as an online reporting tool for direct access to climate scenario analysis.”

Eric Usher points out that reporting on the potential impact of climate change for investment is currently still based on voluntary disclosures, but that “the investor community has shown a strong interest in aligning their disclosures with the TCFD recommendations.”