The UK Centre for Greening Finance and Investment (CGFI) is a national centre established to accelerate the adoption and use of climate and environmental data and analytics by financial institutions internationally. It will unlock opportunities for the UK to lead in greening finance and financing green.
External link for UK Centre for Greening Finance and Investment (CGFI)
Smith School, University of Oxford, South Parks Road
Oxford, OX1 3QY, GB
UK Centre for Greening Finance and Investment (CGFI) reposted this
🚀The Transition Plan Taskforce (TPT) final report is now available! In "Progress Achieved and the Path Ahead", TPT outlines its achievements and the critical global next steps for #transitionplanning. As more companies align with net-zero goals, transition plans drive sustainable investments and shape financial and policy decisions. Download the full report here: https://lnkd.in/dTw42XRJ 📖 Explore the five key takeaways
UK Centre for Greening Finance and Investment (CGFI) reposted this
Very proud to have delivered four high-quality research outputs in the 2nd year of our Net Zero Transition Plans (https://lnkd.in/g9WsBRbr) project at the Oxford Sustainable Finance Group and the UK Centre for Greening Finance and Investment (CGFI). 1. External dependencies: A framework for classifying external dependencies in transition plans, plus metrics for measuring them. Full paper: https://lnkd.in/ghiMSrHy Executive summary: https://lnkd.in/gRSiRbRh 2. Asset-level data: A methodology for assessing credibility of transition plans using asset level data, and application to power and steel companies. Full paper: https://lnkd.in/gpebhF2Z Executive summary: https://lnkd.in/gmPCMpGP 3. Sustainability-Linked Bonds: A robust methodology for designing SLBs, including impact of transition plans, and application to case studies at firm and country levels. Full paper: https://lnkd.in/gXnpugPf Executive summary: https://lnkd.in/gGCqeNeS 4. Cost of debt: An empirical assessment of the impact of net zero transition disclosure on the cost of debt. Full paper: https://lnkd.in/gRBSA76e Executive summary: https://lnkd.in/gRRrG-Zd #netzero #transitionplans #dependencies #assetleveldata #slbs #costofcapital
The TPT's final report is out today. On behalf of CGFI, many thanks to all those who have contributed towards its success over the last two years.
🚀 The Transition Plan Taskforce has just published its Final Report. This report presents a comprehensive overview of TPT's achievements, challenges, and the future of global #transitionplanning. It delves into critical issues such as bolstering market capabilities, sharing best practices, and driving global consistency in transition planning standards. 📖 Dive into the report to discover the next steps for advancing global transition plans: https://lnkd.in/dTw42XRJ Kate Levick Ben Caldecott Jacques Morris Ira Poensgen Kate Ryan Nina Pimblett Ben Gilbey
Key takeaways below on asset location data sources for nature-related financial risk analysis, from our new Spatial Finance Initiative report ⬇️ 🌻 Location data of counterparties’ operations is critical for financial institutions to understand nature-related financial risks. Companies’ dependencies and impacts on nature are inherently location and context specific. 🖥️ Counterparty location data is available through company disclosures and websites, public data registers or commercial or non-profit providers – but availability and quality vary. 📡 Our inventory of 105 sectoral and regional databases found good location data for sectors such as #mining and #power, and significant gaps for agriculture, forestry and fishing. Data gaps are problematic for nature dependency analyses, as many industries with medium/high dependencies have poor location data coverage. 📉 Many asset location datasets are not created for financial #risk applications, falling short on data accessibility, formatting, ownership information, update frequency and coverage of natural assets. ⏩ Limitations could be addressed by #finance advocating for a principle of asset-level #disclosure; the public sector opening up (environmental) regulatory data; and researchers developing efficient methodologies for cleaning and standardising existing data. Read the full paper and download our rolling database of asset location data sources for nature-related #financialrisk analysis here: https://lnkd.in/e_fHjtMR Oxford Sustainable Finance Group Smith School of Enterprise and the Environment - University of Oxford #SpatialFinance ##geospatial #geodata #riskanalysis #riskmanagement
UK Centre for Greening Finance and Investment (CGFI) reposted this
🌍 We're excited to support the use of Legal Entity Identifiers (LEIs) in the groundbreaking work of the Spatial Finance Initiative, spearheaded by Oxford Sustainable Finance Group. Their open asset databases for industries with significant environmental impact, including petrochemicals, pulp & paper, steel, and more, are a major step toward increased transparency in sustainable finance. 🌱 By using LEIs, they connect the physical location of assets with ownership information, enabling financial institutions to better assess and manage sustainability-related risks, impacts, and opportunities. This initiative, spearheaded by CGFI, supports the integration of geospatial data with financial portfolios—helping research, financial institutions, and sustainability professionals link asset and company data in a transparent way. 🔗 Learn more about the project: https://lnkd.in/eBr4bsxN 🔗 The open databases are available here: https://lnkd.in/eDt5btwE #LEI #GeoAssetProject #SustainableFinance #Transparency #SpatialData #Finance #ESG #Sustainability
UK Centre for Greening Finance and Investment (CGFI) reposted this
What is the role of the data centre sector in facilitating or hindering pathways to net zero? Join the Centre for Climate Finance & Investment and Singapore Green Finance Centre as we explore the key development trends, challenges, and opportunities in stewarding a low-carbon transition of digital infrastructure. We'll discuss tropical data centres and insights transferable to the UK's business and energy infrastructure, finance and investment industries, and net-zero commitments. 📅 Date: 7 November 2024 (Thursday) 🕘 Time: 9:00-10:30 GMT (networking session included) 📍 Venue: Imperial College Business School, London 🔗 Register here: https://lnkd.in/eWMQUUxR Don’t miss this insightful event. #DataCentres #Infrastructure #GreenFinance #Sustainability #NetZero Felicia Liu | Winston Chow | Raffaele Della Croce | Karen Lai | Singapore Green Finance Centre
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🌳 On #COP16 Finance and Biodiversity Day, see our latest resources for nature-related financial risk analysis from the Spatial Finance Initiative: 1️⃣ A new inventory of 145 asset location databases for nature-related financial risk - download for free: https://lnkd.in/e_fHjtMR 2️⃣ An accompanying report with further insights on #assetleveldata for sectors exposed to nature-related risks: https://lnkd.in/ezGAiaJx 3️⃣ New open, global asset-level databases from our #GeoAsset project, with details on location, ownership and asset characteristics: 🌲 Global Pulp and Paper Mill Database: https://lnkd.in/ehVFvvQv 🛢️ Global Ethylene Production Database: https://lnkd.in/e8Xn72w9 Oxford Sustainable Finance Group #spatialfinance #naturerisk #naturefinance #geospatial #SpatialFinanceInitiative
UK Centre for Greening Finance and Investment (CGFI) reposted this
Happy to share a recent report at the CFA Institute, "Modeling Climate Transition Risk: A Network Approach," with Dr Raymond Pang, a UK Centre for Greening Finance and Investment (CGFI) fellow. Climate transition risks pose a significant threat to financial stability. This report recommends investors and policymakers understand and manage these risks using scenario-based approaches to predict potential asset losses and systemic impacts. Also, a novel feature, the report is accompanied by an interactive tool for interested stakeholders (esp., regulators, policymakers, and financial institutions): https://lnkd.in/gThZ4wsv #climaterisk #transitionrisk #scenarios #network #contagion #assetvalues #systemicimpacts #financialstability #centralbanks #regulators https://lnkd.in/gC98HT5T
We are thankful that the Department for Energy Security and Net Zero recognized TPT's efforts to ensure that financial institutions and large companies develop and disclose their transition plans during the launch of the #TransitionFinanceMarketReview. #ICYMI Last week, the #TransitionFinanceMarketReview officially published its recommendations, providing a framework to scale the market for transition finance in the UK and globally and marking a significant step in accelerating net zero financing. The Review emphasises the need for credible and consistent transition planning, urging the Government to implement mandatory disclosure requirements aligned with the Transition Plan Taskforce (TPT) framework for large listed, private, and financial institutions. It underlines the importance of developing credible and robust transition plans as essential drivers for facilitating economy-wide decarbonisation. To learn more about the Review’s key recommendations, please visit: https://lnkd.in/eaTRx6s8
Head of Innovation and Impact at Oxford Sustainable Finance Group / Centre for Greening Finance and Investment
It's been a while, but we have finally released some new global asset databases. All available open source, for both non-commercial and commercial use! • Global Pulp and Paper Mill Database: https://lnkd.in/eV6Fr39w • Global Ethylene Production Database: https://lnkd.in/enBhW2gP • Global Dumpsite Database: Coming soon A lot of effort goes into compiling these databases, which is timeconsuming and often tedious work, so all credits and lots of gratitude to my colleagues at Oxford Sustainable Finance Group and Smith School of Enterprise and the Environment - University of Oxford: Alex Jackman, David Kampmann, Neetu Kushwaha, Philippa Lockwood, Amani Maalouf, Hassan Aftab S. and Alok Singh! We created these databases by compiling publicly available information from a wide range of sources, which we share in a brief report, alongside an inventory of 145 readily available asset location databases: https://lnkd.in/eNdMgGqY There is no lack of location data, but availability varies between sectors and datasets are not always comprehensive or up to date. The main issue is that a lot of asset databases were never designed for financial applications. So yes it is a (massive) pain to collate, clean and connect asset data to ownership trees, for financial analyses. But it can be, and is being done all the time. Non-profits like Global Energy Monitor, World Resources Institute or TransitionZero as well as academics from around the world frequently publish open asset databases. And a growing number of commercial players offer asset data for financial risk applications or build internal asset location databases to underpin their own environmental analytics offerings. There is more that we can do for sure. Disclosure frameworks could ask for more comprehensive location disclosures, and not only for sites 'at material risk'. Public environmental regulators can open up and harmonise the wealth of data they collect. And us researchers should continue to connect the dots with open data and methodologies. But, as discussed so often with James d'Ath and others at Taskforce on Nature-related Financial Disclosures (TNFD), there is already a lot of data to start with. At the end of the day, asset location data itself is not very insightul, it's about the analysis that's built on top. More or less all sustainability risks, impacts and opportunities are context specific. Analysing these in a meaningful way can only be done spatially, from the bottom-up. We're looking forward to build on this work and continue our research with collaborators across Mistra FinBio, Capitals Coalition, UNEP-WCMC, PBL Planbureau voor de Leefomgeving, UK Centre for Greening Finance and Investment (CGFI) and many more.