• Our news

    Click on the icons to access more information or the full article.

    August 1st, 2016 - Watch Stan Dupré participate in the TCFD panel discussion on scenario analysis. Watch the full panel discussion by clicking here.

    July 11, 2016 New York - 2°ii CEO Stan Dupre is participating in a panel at the FSB Task Force on Climate-related Financial Disclosures event at S&P Global’s offices. Register for the event here.

    June 15, 2016 - Our studies have been highlighted on the website of the Swiss Ministry Federal Office for the Environment on Climate under climate and financial markets. Click the icon or here to see.

    April 19-20, 2016 - 2°ii, members of the Green-Win consortium, contribute to the First Green-Win Global Dialogue Workshop to develop a common vision for a green economy. Read about it here.

    March 31, 2016 - 2°ii, Carbon Tracker, The CO-Firm, I4CE, Kepler Cheuvreux, McGraw Hill Financial, and the University of Oxford launched the Energy Transition Risk (ET RISK) project. Press release.

    March 24, 2016 - Hugues Chenet and Stan Dupré were recently interviewed by the Asahi Shimbun in Japan about the climate disclosure environment in Europe. Read the interview here (Japanese).

    March 23, 2016 - Stan Dupré participates in round table panel discussion on Article 173 implementation at the French National Assembly. Watch the full video here (FR) or by clicking on the icon.

    February 22, 2016 - FSB’s new climate disclosure task force urged to pool data to cut costs. 2° Investing Initiative queries climate change as a "systematic risk" to investors. Read the full RI article here

    February 18, 2016 - 10 core questions for the UK Financial Stability Board’s (FSB) industry led Task Force on Climate-related Financial Disclosures. Read the full 2° Investing Initiative study here.

    February 4, 2016 - 2 Degrees Investing Initiative has launched a call for tender to develop a forward-looking carbon footprint. Click on the icon or here to download the full call for tender document.

    January 14, 2016 Paris/Frankfurt/London. Allianz Climate Solutions and Allianz Global Investors have become members of the 2° Investing Initiative. Press releases here in ENG, FR, GER.

    January, 2016 - Corinne Lepage is appointed President of 2° Investing Initiative - “I am very honoured to accept the role of President." Read the full statement by clicking here.

    Dec 31, 2015, French Energy Transition Law - Our selected key points from the final decree on the implementation of "Article 173-VI": Climate and ESG disclosure from institutional investors.

    December 10, 2015, Paris - The video of our November 30 event is available ! Watch highlights and interviews of the Governor of the Banque de France, EU Commissioner P. Moscovici, etc.

    December 9, 2015, New York - 2°ii and Generation Foundation launch "The Long-Term Risk Signal - Exploring the Tragedy of the Horizon" project. Click the image for the press release and here for the leaflet.

    December 8, 2015 - "Mobilising the financial sector against climate change", a training for CliMates, organised by 2°ii with J. Blanc (Ministry of the Environment).

    December 8, 2015 - "What next for Bloomberg’s FSB task force on climate disclosure ?", an article by J. Thomae in Responsible Investor

    December 7, 2015 - "Accept the Climate Bet", an article by J. Thomae and M. Hayne showing the misalignment of mainstream equity indices with 2°C goals, in ESG Magazine.

    December 4, 2015 - As the Financial Stability Board announces a Climate Task Force under the chairmanship of Michael R. Bloomberg, 2°ii presents the key takeaways from its research.

    December 2, 2015 - Development banks need criteria for investment to be more targeted to limit global warming, according a study by The NewClimate Institute, Germanwatch and 2°ii.

    November 30, 2015, Paris - At the event organised by 2°ii with France Stratégie and the Oxford Martin School, the Governor of Banque de France endorses aligning finance with 2°C. Full speech here.

    November 30 to December 12, 2015, Paris & Le Bourget - 2°ii is participating in numerous events at the 21st Conference of Parties in Paris, France. We hope to see you at our events!

    November 27, 2015, Paris - ET Risk : A new €2M EU project led by 2°ii, with S&P, Oxford, Kepler-Cheuvreux, Carbon Tracker, CO-Firm and I4CE. More information under "Studies / Projects".

    November 27, 2015, Paris - French government launches the public consultation on the draft guidelines on mandatory investor disclosure on climate .

    November 27, 2015 - A new study published by 2°ii and Grizzly RI shows that carbon intensity is not a good proxy for carbon risk exposure : genuine risk metrics are now needed.

    October 28, 2015, Paris - S. Dupré joins ministers, CEOs and influential NGOs at the OECD high-level round table on ”Divestment and Assets Stranding in a Low-carbon Transition”

    October 28, 2015, Paris - S. Dupré speaks at the MSCI workshop on "Managing carbon risk : From principles to practice" in Paris at 8:30-11:00am. Click on the icon to register.

    October 26, 2015 - 2ii cited in the Financial Times today on the implicit 4°-5°C bet of mainstream indices for its 2D portfolio publication : "Indexers must warm to low carbon investing".

    October 26, 2015 - Hugues Chenet writes "Du risque carbone aux « stress-tests » carbone" for the special report on private sector mobilization for financing the low-carbon transition in Revue-Banque.

    October 19, 2015 - Publication of : "Assessing the Alignment of Portfolios with Climate Goals". Click on the icon for the report, here for the short version, here for the presentation.

    October 19, 2015 - CERES, together with Energy Transition Advisors, Carbon Tracker Initiative and The 2° Investing Initiative publish a common report "Carbon Asset Risk : From Rhetoric to Action".

    October 16, 2015 - Fabien Hassan, Hugues Chenet, and Pierre Chastroux on carbon risk and climate performance in "Private Sector & Development", Proparco’s magazine.

    October 7, 2015 - Chris Weber and Stan Dupré (2°ii) present our briefing note on the French Energy Transition law to 40 financial actors . Click on the icon to open the slides.

    October 6, 2015, Berlin - Presentation by J. Thomae (2ii) on disclosure by institutional investors in the French energy transition law, at the WWF and CDP event on climate reporting.

    September 28, 2015, Paris - SRI Week. Hugues Chenet (2°ii) at the "Making Finance Serve Climate" conference at the National Assembly to discuss art. 173 of the French energy transition law.

    September 24-25, 2015, Oxford - 1st Stranded Assets Conference. Jakob Thomae, Hugues Chenet and Didier Janci (2°ii) on : "Are carbon risks mispriced ? Insights from the market failure literature"

    September 24, New York - S. Dupré at "Funding the Low Carbon Transition : the Role of the Financial System", organised by France Stratégie. Click here to watch his intervention at 56:00.

    September 15, 2015 - S. Dupré at the Eurosif Green Bond Policy Seminar : “Which role could policy-makers and public actors play to further unlock the growth of the EU green bonds market ?”

    26-28 August, 2015 - 2°ii staff contributed and Chris Weber was primary author on the "Carbon Asset Risk" report (WRI & UNEP-Fi), launched in webinars (see "Events" and the slides here).

    July 27, 2015 - In partnership with UNEP Inquiry and CDC Climate Research, 2°ii publishes a study entitled Financial Risk and the Transition to a Low Carbon Economy.

    July 27, 2015, NYC - Moody’s office - In partnership with WRI, UNEP-FI, MOODY’s and MERCER 2°II organizes a seminar on " Carbon Risk Assessment Strategies for Financial Institutions".

    July 9, 2015, Paris, French National Assembly - 2° Investing Initiative organises with Mercer a conference entitled " What does it mean to invest in a time of climate change? ".

    July 2, 2015, Paris - 2° Investing Initiative organises with MSCI a seminar about the French law on the energy transition.
    Material of the presentation: http://prezi.com/s6ch2-jwowjm/?utm_campaign=share&utm_medium=copy&rc=ex0share

    June 9, 2015 - 2° Investing Initiative, GermanWatch and New Climate Institute submit a report for the G7 on Developing Criteria to Align Investments with 2°C Compatible Pathways.

    May 19, 2015, Paris Climate Week Seminar - 2°ii and CDC convene a 1-day conference on "Finance and climate change: metrics". Morning: climate performance. Afternoon: carbon risk.

    April 23, 2015, Tokyo - Presentation of the 2°ii to a panel of Japanese organisations (Ministry of Environment, banks, asset managers, insurances, researchers) at Sophia Univ.

    April 21-22, 2015, Tokyo - Hugues Chenet moderates the "Institutional Investors and the low carbon economy" panel discussion at the Responsible Investor Asia 2015 conference.

    April 16, 2015, Brussels - The final report on "Shifting Private Finance towards Climate-Friendly Investments" cowritten by the 2 Degrees Initiative, is published by the European Commission.

    March 26, 2015, Zurich - Workshop: ’Energy: Tools for the New Financial Crisis, How to Reduce Carbon Risk & Transition to Renewables’

    March 25, 2015, Geneva - Workshop: ’Energy: Tools for the New Financial Crisis, How to Manage Risk & Transition to Renewable Energy’

    March 23, 2015 - After Paris and New York City, the 2° Investing Initiative inaugurates its its London office today on 40 Bermondsey St.

    February 25, 2015 - Thierry Philipponnat (executive director, Europe) to speak on “Collaboration between financial regulators and NGOs: objectives and conditions” in Zurich

    March 18, 2015, National Assembly, Paris - Hugues Chenet (Scientific Director) speaks at ’#COP 21 Finance and Climate’: a debate on how to finance the path to a low carbon economy.

    February 17, 2015 - Thierry Philipponnat (2°ii Executive Director, Europe) speaks on ’Aligning financial regulation with a low-carbon economy’ at OECD Paris conference.

    February 13, 2015 - Fabien Hassan and Hugues Chenet on divestment for the Foundation for Political Ecology (Foundation de L’écologie Politique)

    February 13, 2015 - 2°ii co-authors new report on the Chinese Carbon Market with research partner ’Environomist’ (Follow link for download)

    February 13, 2015 - Hugues Chenet (Scientific Director at 2°ii) discusses ’the "carbon bubble", fossil fuels and climate, systemic risks to finance’ as part of Global Divestment Day.

    February 2, 2015, Press release - 2° Investing Initiative appoints new Executive Director and opens a New York office with recent EU grant.

    October 7, 2014 - Jean-Pierre Sicard, president of 2°ii cosigns an op-ed published in Le Monde, putting forward concrete propositions on how to make finance work for climate [in French].

    November 19-20, 2014, Frankfurt - 2°ii will participate in the UNEP-Fi/VfU event on "License to Operate - Sustainability in Finance : Between Opportunity and Responsibility Requirement".

    September 24, 2014 - The French economic daily newspaper "Les Echos" quotes Stan Dupré, Director of 2°ii, in its article "Institutional Investors ask for a price to be set on Carbon [Link in French]

    September 22-28, 2014, New York - 2°ii attends the Climate Week, to support the UN Climate Summit organized by Ban Ki Moon.

    September 22, 2014, Montreal - Jakob Thomä presents our work on "Carbon bias : implications of benchmark investing for low-carbon finance" at the PRI Academic Network.

    September 18, 2014 - Jakob Thomä, Project Manager at 2°ii, receives a research grant for his PhD project, awarded by the FIR-PRI Prize for European research on finance and sustainable development.

    March-September, 2014 - 2°ii contributes to the redaction of the GHG Protocol / UNEP-FI Financial Sector Guidance on GHG Accounting and GHG Risk Management.

    September 2, 2014 - Methodological guidelines for quantifying GHG emissions of the financial sector, coordinated by ADEME : consultation phase is now open until September 26.

    August 25, 2014 - Stan Dupré and Jakob Thomä author an article in the journal of the Heinrich Böll Fondation, entitled " Using private capital to achieve climate goals".

    September 1, 2014 - 2°ii submits several papers to the Interdisciplinary Seminar on "Research on Carbon Footprinting". The call for papers is open until the September 26. [Link in French]

    July 8-9, 2014 - 2°ii joins the CIRED and IASS Potsdam workshop "Innovative solutions for climate finance, the energy transition and a EU narrative".

    July 2014 - "Transition to a LC society and sustainable economic recovery, A monetary-based financial device" (Hourcade, Aglietta & Perissin-Fabert) with 2°ii, CDC Climat & CIRED

    June 30, 2014 - The 40th issue of "Stratégie & études" (ADEME) on shifting capital to a low-carbon economy is based on 2° Investing Initiative’s work and studies [French]

    June 24, 2014, Brussels - Diane Strauss will participate in the panel discussions organised by the Scotland House on the role of private finance in the "2030 climate and energy policy"

    June 19, 2014, Paris - HSBC and 2°ii organize a conference on "Financing energy demands by 2035 in the context of climate change", following-up the release of the IEA’s World Energy Investment Outlook.

    June 3, 2014 - The International Energy Agency publishes its World Energy Investment Outlook, which results are partly based on 2°ii research.

    May 5, 2014, Berlin - 2°ii Director Stanislas Dupré will lead a workshop in the Expert Symposium “Financing the Green Transformation”, hosted by Heinrich-Böll Foundation, DGB and GEF.

    April 4, 2014 - "By joining the association 2° Investing Initiative, AXA and HSBC support its work on the role of the financial sector in the fight against climate change". [Press release (in French)]

    April, 2014 - The work of 2°ii is referenced in the article "Investors take charge of climate policy" published in the scientific journal Nature Climate Change.

    March 20, 2014 - Chinese Research Center for Climate and Energy Finance joins 2°ii as a new member!

    March 15, 2014 - 2°ii Program Manager Jakob Thomä article in China Dialogue on "Greening Financial Regulation in China"

    March 11-12, 2014, Zurich - WWF & UNEP-FI workshop "Moving Towards Climate Resilient Investments", in partnership with 2°ii, Climate KIC and South Pole Carbon. [click icon]

    February 25, 2014, New-York - 2°ii and MSCI ESG Research in partnership with UNEP FI, CDP and GHG Protocol host a one-day conference on "Carbon Metrics for Investors". [click icon]

    February 25, 2014, New-York - 2°ii and MSCI ESG Research joint workshop on "The Use of Benchmark Indexes as Investment Guidelines". [click icon]

    February 24, 2014, Zurich - Hugues Chenet presents 2°ii research in a WWF conference to discuss the financial risks associated to the carbon bubble [Link in French].

    January 28, 2014 - 2°ii is partnering Kepler Cheuvreux’s 4th Sustainable Bond Conference [click logo to register]

    January 2014 - AXA joins the 2° Investing Initiative as a Member. Welcome, and thank you for your support!

    January 2014 - HSBC France joins the 2° Investing Initiative as a Member for 3 years. Welcome, and thank you for your support!

    January 3, 2014 - 2ii Director, Stan Dupre is interviewed by Novethic on "Carbon Risk". Click icon [in French]

    December 11, 2013, Frankfurt - Hugues Chenet joined the EurObserv’ER 2013-2016 Project Ad Hoc Committee Meeting on investment indicators, at Frankfurt School of Finance and Management

    November 29, 2013 - Hugues Chenet presented on the 2°ii at a round-table organised by the student Sciences Po Energy Association (SPEA).

    November 14, 2013, Beijing - 2°ii - MSCI workshop on ’’Measuring the carbon impact of financial sector: From financed emissions methodologies to long-term investing metrics’’.

    November 12, 2013, Beijing - 2°ii participates at the ’’Beijing Green Drinks’’ network event where Stan Dupré and Jakob Thomäe give a presentation about 2° Investing Initiative.

    November 11, 2013, Beijing - 2°ii takes part at the BSR - UNEP FI seminar "Managing Social and Environmental Risks for Financial Success" [click logo to see program]

    October 18, 2013 - 2°ii takes part in the discussions at the EEB Annual Conference “Economic crisis, Environmental opportunity: The path to a Greener Europe”.

    October 9-10, 2013 - 2°ii takes part in the first meeting of the advisory commitee of GHG financial guidance for "Financed Emissions". [click logo for press release]

    October 2, 2013, European Parliament - 2°ii talked at the GLOBE-EU/EPE/Eurosif High-level Conference on EU 2020 and long term investments, with Commissioner Barnier. [click logo to register]

    July 19, 2013, Paris - Hugues Chenet presents the 2°ii research at Pierre and Marie Curie University, for a "Finance and Public Policies" training session of the Climate KIC Summer School.

    July 4, 2013 - 2°ii organized a conference hosted by Oddo&Cie for the launch of its new report ’From financed emissions to long-term investing metrics’. [Click logo for details]

    June 18, 2013 - 2° ii took part in the HEC EDD conference on "SRI, the climate and energy transition: How to move forward?" [Click logo for details, in French]

    May 30, 2013, Brussels - The 2°ii took part in the Carbon Tracker Initiative - ECF conference on "Unburnable carbon 2013: Wasted capital and stranded assets". [Click logo for details]

    May 14-15, 2013, Brussels - RESPONDER workshop on ’Changing the Finance System to enable the transition to a Sustainable Economy’. [Click logo for details]

    April 16, 2013 - Members of the 2° Investing Initiative have elected the Board of Administrators.

    April 25, 2013 - 2°ii organized a conference at the French National Assembly on the carbon bubble. [Click logo for conference summary, in French]

    April 23, 2013, Brussels - Stan Dupré represented the 2° Investing Initiative at the Finance Watch Conference round-table on long-term finance.

    April 15, 2013, Paris - The 2° Investing Initiative held its first General Assembly.

    Fil twitter

    In the press

    27 May, 2016 - 2°ii launches the first ‘Award on Investor Climate-Related Disclosures’ with the French Government. Read the article in RI here.

    May 18, 2016 - 2°ii and Oxford Smith School report suggests new reporting model needed for climate disclosure - Read the article in Responsible Investor about our new report.

    14-20 January, 2016. Allianz Climate Solutions and Allianz Global Investors have become members of the 2° Investing Initiative. Read about in Responsible Investor, Next Finance (FR) and Altii (GER).

    December 8, 2015 - "What next for Bloomberg’s FSB task force on climate disclosure ?", an article by J. Thomae in Responsible Investor

    December 7, 2015 - "Accept the Climate Bet", an article by J. Thomae and M. Hayne showing the misalignment of mainstream equity indices with 2°C goals, in ESG Magazine.

    October 26, 2015 - 2ii cited in the Financial Times today on the implicit 4°-5°C bet of mainstream indices for its 2D portfolio publication : "Indexers must warm to low carbon investing".

    October 16, 2015 - Fabien Hassan, Hugues Chenet, and Pierre Chastroux on carbon risk and climate performance in "Private Sector & Development", Proparco’s magazine.

    May 28, 2015 - Hugues Chenet in L’AGEFI about the SEI Metrics project in an article on "How climate themes lead to revamping portfolio models".

    13 February, 2015 - Fabien Hassan and Hugues Chenet on divestment for the Foundation for Political Ecology (Foundation de L’écologie Politique)

    June 30th, 2014 - The 40th issue of "Stratégie & études" (ADEME) on shifting capital to a low-carbon economy is based on 2° Investing Initiative’s work and studies [French]

    February 4th, 2014 - 2°ii Program Manager Jakob Thomä article in China Dialogue on "Greening Financial Regulation in China"

    January 3rd 2014, 2ii Director - Stan Dupre interviewed by Novethic on "Carbon Risk". Click icon [in French]

    October 8th 2013, First ADEME symposium on GHG accounting. First release of 2°ii report on Finance Emissions. Click icon [in French].

    July 29th 2013, 2°ii Presentation of ’’Long Investment Metrics’’ report supported by ADEME, Caisse des Dépôts, AFD and UNEP. Clcik icon [in French].

    July 4th 2013, Les Echos article on ’’Long Investment Metrics’’ report released by 2°ii. Click icon [in Fench]

    July 4th 2013, BFMTV ’’2°ii has unveiled a study on the extent of the contribution of financial intermediaries, and an overview of the assessment methods of financed emissions" 2°ii at the center of the energy transition debate. Click icon [in French].

    December 11th 2012, 2 degrees Investing Initiative is born. The idea, the program and objectives of 2°ii. Click icon [in French].

    Highlights

    Highlights of events, news and projects. Click on the icon to access more information or download the full article.

    Dec 31, 2015, French Energy Transition Law - Our selected key points from the final decree on the implementation of "Article 173-VI": Climate and ESG disclosure from institutional investors.

    COP21, Paris – "Climate Change: The Finance Sector and Pathways to 2°C". Watch the video of our event at COP21 by clicking on the icon. Read the speech by Banque de France’s Governor here.

    May 19, 2015, Paris Climate Week Seminar - "Finance and climate change: metrics".
    Click on the icon to access the speaker list and presentation videos.

  • Core Concept

    Connecting the dots between climate goals, investment frameworks, and financial policies

    The financial sector (institutional investors, banks, and financial service providers) plays a key role in the reallocation of capital in line with 2°C climate goals. We call this mobilization and the related changes in investment frameworks ‘2° investing’. The role of the financial sector in this mobilization can be mapped as follows :

    • Supplying investment capital to make the 2° transition happen : Financial institutions and policy makers influence the supply of capital for both ‘green’ and ‘brown’ activities through their decisions framework.
    • Anticipating changes in the demand of capital : The introduction of more stringent carbon policies, new technologies, and the potential development of climate litigation will change the risk-adjusted returns of different financial assets, creating financial risk and opportunity.

    What we do

    Mission and activities : Research & engagement

    Research activities include multi-year research programs, thematic studies, and policy papers. Visit "Studies / Projects" for more information and free access to all our publications.

    Engagement activities include workshops, seminars, etc. to support research ; collaborative projects to build multi-stakeholder consortiums and raise funds ; provision of free technical support to policy makers and NGOs, and dissemination of findings at conferences, seminars, bilateral briefings, etc. Visit "Events" for more information on our past and upcoming events.

    Identified barriers and related work streams

    Public and private financial sector stakeholders face key barriers in response to these objectives. These barriers are grouped within three categories, tackled by 2°ii work streams : metrics, processes, and policies.

    2D investing metrics address the ability of the financial sector to measure their contribution to and/or alignment with financing the transition to a low-carbon economy, and the associated financial risks and opportunites.

    2D investing processes focus on the role of mainstream practices, financial products, and institutions and the extent to which they create barriers and / or opportunities for 2° investing.

    2D investing policies address the financial sector-specific regulatory and policy framework influencing the incentives around financing the transition to a low-carbon economy.

    How we work

    The 2° Investing Initiative approach is based on inclusiveness (involvement of all stakeholder groups in workshops and review panels, inclusion of all critical views in the publications), non-duplication (collaboration is systematically proposed to peers and organizations working on the same topics) and independence of research (the research team doesn’t serve the interest of a stakeholder group).

    INCLUSIVENESS

    We seek genuine inclusion of all stakeholder groups in research projects, engagement activities, and governance of affiliated entities, including members and board members. By implementing this approach, we aim to ‘bridge the gap’ between groups that don’t traditionally work together and secure multilateral support as facilitators for soft or hard policy making (e.g. standard development, disclosure requirements).

    At a governance level, these principles apply both to research activities and engagement activities that are core elements of all actions undertaken by existing 2° Investing entities. The principle is embedded in the bylaws : the board of the association is obliged to provide a public, detailed justifications if it declines a membership application. The board of the 2° Investing Initiative includes a diverse range of stakeholders that do not typically work together, including BankTrack (probably the most activist environmental group in the financial sector), Caisse des Depôts, a government representative, and an asset manager.

    At project a level, the participation of target stakeholder groups ensures buy-in for ideas and recommendations, and increases impact. For example, 2°ii created a panel of French economists and practitioners to get critical feedbacks on its project related to the inclusion of climate-related criteria in tax incentives on savings. To our knowledge we are the only organization in this industry with this governance model worldwide.

    2°ii-Paris provides the services of a free technical back office for certain member organizations and partners, such as the French and German ministries of environment, environmental advocacy NGOs (Greenpeace, Climate Action Network, WWF France), standard-setting organizations (GHG Protocol), and international organizations (UNEP-Fi, UNEP Inquiry).

    NON-DUPLICATION

    Project development starts with a review of existing and upcoming work streams that might overlap with our work. 2° Investing Initiative then systematically engages with relevant stakeholders, regardless of their background (cf. inclusiveness principle) with the objective of avoiding duplication and creating economies of scale, opportunities for cross-fertilization, and trust between stakeholder groups.

    This approach gives 2° Investing Initiative a research and activity focus on topics that are both gaps in the overall ecosystem research pipeline and connectors between different topics and disciplines. For example, the SEI metrics project that develops investor-oriented climate metrics bridges gaps between organizations specialised in climate modelling, policy-making and financial data analysis.

    RESEARCH INDEPENDENCE

    2° Investing Initiative’s research is unbiased and pursued independently from any of its stakeholders and financial contributors. All research projects are developed in line with 2° Investing Initiative’s mission. This status of independence is crucial to the development of objective approaches, acceptable to all stakeholders.

  • Who we are

    The 2° Investing Initiative [2°ii - pronounced "Two Degrees Investing Initiative"] is a multi-stakeholder think tank working to align the financial sector with 2°C climate goals. Our research and engagement activities seek to:

    • Align investment processes of financial institutions with 2°C climate scenarios;
    • Develop the metrics and tools to measure the climate performance of financial institutions;
    • Mobilize regulatory and policy incentives to shift capital to energy transition financing.

    The association was founded in 2012 in Paris. In 2015 it counts two legal entities based in New-York and Paris and one office in London. 2°ii carries projects in Europe, China and the United States. Our work is global, both in terms of geography and engaging key actors. We bring together financial institutions, issuers, policy makers, research institutes, experts, and NGOs to achieve our mission. Representatives from all of the key stakeholder groups are also sponsors of our research (see members and partnerships below).

    More information on the core concept, what we do and how we work under the page "the 2D Concept".

    Our team


    Stanislas Dupré
    Founder & Global Director

    Jakob Thomä
    Deputy Director

    Laura Segafredo
    US Director

    Hugues Chenet
    Scientific Director

    Mark Fulton
    Senior Advisor

    Didier Janci
    Senior Advisor

    Valéry Lucas-Leclin (Grizzly RI)
    Senior Advisor

    Christopher Weber
    Senior Analyst

    Anuschka Hilke
    Senior Analyst

    Mona Naqvi
    Program Manager

    Michael Hayne
    Analyst

    Matthew Alison
    Analyst

    Svenja Hector
    Analyst

    Brendan Burke
    Junior Analyst

    Nikolaus (Klaus) Hagedorn
    Analyst

    Laura Ramirez
    Junior Analyst

    Teodora Simionel
    Research Intern

    Héloïse Lammens
    Research intern

    Members

    Our association consists of more than 30 member organizations and 60 individual members, most of whom are serving in financial institutions (banks, asset management, private equity, brokerage, etc..). Some other members are experts from different fields (consulting, accounting, extra-financial analysis, etc.), either researchers (economy, climate economics), or public servants. Two of our members are Members of the European Parliament (former Ministers of Environment in their respective countries).

    Allianz Climate Solutions

    Association Bilan Carbone

    AXA

    Banktrack

    Beyond Financials

    BIO Intelligence Service

    Caisse de Dépots

    Carbon Tracker Initative

    Carbone 4

    CIRED

    Chinese Research Center for Climate and Energy Finance

    France’s General Commissariat for Sustainable Development (CGDD)

    Compta Durable

    EcoAct

    Ethical Investors Services

    EUROSIF

    Forum pour l’investissement Responsable

    HSBC

    Inrate

    Lipton Fit

    Pair Conseil

    Profundo

    Rain-forest action network

    Reseau Action Climat

    Smith School of Enterprise and the Environment - University of Oxford

    South Pole Carbon’s Climate Neutral Investments

    Sustain

    Trucost

    Wildlife Works

    Board - France

    The 2° Investing Initiative is directed by a Board of administrators, represented by a Bureau. Members are affiliated in 6 colleges (investors, issues, nonprofit organizations, public or government organizations and natural persons) each of which is represented by an administrator to the Board.

    In France, the composition of the Board is the following (as of July 2015):


    Corinne Lepage
    President

    Stéphane Voisin
    Treasurer

    CDC (Thomas Sanchez)

    CIRED (Jean-Charles Hourcade)

    BANK TRACK (Yann Louvel)

    CGDD / MEDDE (Robin Edme)

    Board - US

    2 Degrees America is directed by a Board of administrators, represented by a Bureau. Members are affiliated in 6 colleges (investors, issues, nonprofit organizations, public or government organizations and natural persons) each of which is represented by an administrator to the Board.

    In the United States, the composition of the Board is the following (as of July 2015). The structure has been created in 2015. Board members are still provisional and will evolve soon.


    Clara Vondrich

    Gabriel Thoumi

    Danielle Spiegel-Feld

    Stephen Freedman

    Stanislas Dupré

    Jakob Thomae

    Daniela Saltzman

    Board - US

    2 Degrees America is directed by a Board of administrators, represented by a Bureau. Members are affiliated in 6 colleges (investors, issues, nonprofit organizations, public or government organizations and natural persons) each of which is represented by an administrator to the Board.

    In the United States, the composition of the Board is the following (as of July 2015). The structure has been created in 2015. Board members are still provisional and will evolve soon.

    Partnerships


    ADEME

    Agence Français de Développement

    Allianz

    AXA

    Carbon Tracker Initiative

    Caisse des Dépôts

    Carbon War Room

    CDP

    CERES

    Climate Bonds Initiative

    CIRED

    France’s General Commissariat for Sustainable Development (CGDD)

    European Investment Bank (EIB)

    Energy Transition Advisors

    Finance Watch

    France Stratégie

    Frankfurt School of Finance & Management

    Generation

    Germanwatch

    GHG Protocol

    HSBC

    I4CE

    IEA

    Institutional Investors Group on Climate Change (IIGCC)

    Kepler Cheuvreux

    McGraw Hill Financial (MHFI)

    Mercer

    Retrait additionnelle de la fonction publique (RAFP)

    The CO-Firm

    UNEP FI

    Smith School of Enterprise and the Environment (SSEE) at the University of Oxford

    VKRF

    Wallace Global Fund

    World Resources Institute

    WWF

    Universität Zürich

    Annual Report

    Click on the pictures to download our annual reports.


    Annual Report for 2014

    Annual Report for 2013

    Annual Report for 2015

    Annual Report

    Click on the pictures to download our annual reports.

  • Studies

    Click on the icons to download our studies.

    The financial sector as a bridge to reach the 2°C climate goal: Perspectives for the German and the international financial market (September 2016)

    Climate Disclosure: How to Make it Fly by 2°ii and Oxford Smith School for Enterprise and the Environment (May 2016)

    Investor Climate Disclosure: Stitching Together Best Practices by 2°ii (May 2016)

    Measuring Progress on Greening Financial Markets: A briefing note for policy makers by 2°ii with support of Swiss Confederation (April 2016)

    Building a Sustainable Financial System in the European Union by 2°ii and UNEP Inquiry: Design of a Sustainable Financial System (March 2016)

    Reviewing the Evidence: 10 Questions for the FSB Climate Disclosure Task Force (February 2016)

    Carbon Intensity ≠ Carbon Risk Exposure - A discussion paper by 2°ii and Grizzly RI (November 2015)

    Climate Strategies and Metrics: Exploring Options for Institutional Investors, a report co-authored by 2° Investing Initiative, World Resources Institute, and UNEP-FI (November 2015)

    Developing 2°C Compatible Investment Criteria - Co-authored by German Watch, New Climate Institute and 2° Investing Initiative (November 2015)

    Carbon Compass: Investor guide to carbon footprinting, a report by Kepler Cheuvreux in partnership with 2°ii, IIGCC, and Deloitte (November 2015).

    Short version - Assessing the Alignment of Portfolios with Climate Goals : Climate Scenarios translated into a 2°C Benchmark (October 2015). Click here for the presentation.

    Full report - Assessing the Alignment of Portfolios with Climate Goals : Climate Scenarios translated into a 2°C Benchmark (October 2015). Click here for the presentation.

    Carbon Asset Risk : From Rhetoric to Action, a report by CERES, Energy Transition Advisors, Carbon Tracker and 2°ii (October 2015)

    Decree Implementing Article 173-VI of the French Law for the Energy Transition. Challenges and first Recommendations (October 2015)

    Carbon Asset Risk (WRI & UNEP-Fi), with C. Weber as main author and a contribution by 2°ii - see the slides here (August 2015)

    "Public policies for the financial sector and the energy transition", with the support of ADEME and CGDD, in French only (July 2015)

    Financial Risk and the Transition to a Low Carbon Economy, in partnership with UNEP Inquiry and CDC Climate Research (July 2015)

    Developing criteria to align investments with 2°C compatible pathways. The study was produced for the G7 Summit in partnership with GermanWatch and New Climate Institute (May 2015)

    Green SMEs and Access to Finance: The Role of Banking Diversity - 2°ii in partnership with UNEP Inquiry: Design of a Sustainable Financial System (May 2015)

    Climate Strategies and Metrics. Exploring Options for Institutional Investors - Working Paper (May 2015)

    "Establishing China’s Green Financial System" led by UNEP Inquiry and the People’s Bank of China, with a contribution of 2°ii (April 2015).

    Shifting Private Finance towards Climate-Friendly Investments - Final Report (April 2015)

    Greening China’s financial system (March 2015)

    China Carbon Market Research Report (Feb 2015)

    Energy Transition and Optimal Diversification: The role of equity benchmarks (Nov 2014)

    Carbon Risk for Financial Institutions (Oct 2014). This note served as a concept note for the "Financial Risk and the Transition to a Low Carbon Economy" study published in July 2015 - see above.

    The Tortoise Becomes the Hare - Artificial Short Termism in the Finance Sector (Oct 2014). This note serves as a concept note for our project on long-term finance - see "Projects" for more information.

    "Transition to a low-carbon society and sustainable economic recovery, A monetary-based financial device" (Hourcade, Aglietta & Perissin-Fabert) with 2°ii, CDC Climat & CIRED (July 2014)

    "World Energy Investment Outlook - Special Report" by the International Energy Agency, with a contribution from 2°ii (June 2014)

    "Carbon Boomerang: The landscape of climate litigation risks for companies and investors" — Concept note written by 2°ii in partnership with Kepler-Cheuvreux (Dec. 2013)

    Our first taxonomy of climate risks for investors and banks - "Landscaping Carbon Risk for Financial Intermediaries" - Working Paper (November 2013)

    "Shifting Private Capital towards Climate-Friendly Investments : the Role of Financial Regulatory Regimes" (November 2013)

    From financed emissions to long-term investing metrics. State-of-the-art review of GHG emissions accounting for the financial sector (Sep 2013)

    Our very first study: "Connecting the dots between climate goals, portfolio allocation, and financial regulation" (Dec 2012)

    Projects

    Click on the icons to be informed of our research projects. If you are interested in contributing or participating in one of our projects, please don’t hesitate to get in touch with us: contact@2degrees-investing.org

    Call for Tender - 2 Degrees Investing Initiative has launched a call for tender to develop a forward-looking carbon footprint. Click on the icon or here to download the full call for tender document.

    "The Long-Term Risk Signal - Exploring the Tragedy of the Horizon", in partnership with the Generation Foundation. Click on the icon to download the project leaflet.

    ET Risk - Developing an Energy Transition (ET) Assessment Framework for Equities and Bonds. Financed by the EC Horizon 2020 Programme. See the slides here.

    SEI Metrics (Sustainable Energy Investment) - Developing new climate metrics for financial assets and portfolios based on the alignement with 2°C scenarios. See the slides here.

    2°ii is a partner of the GREEN-WIN project, coordinated by the Global Climate Forum. GREEN-WIN aims to develop and disseminate win-win strategies for sustainability and climate action.

    Taxation on savings and investment allocation: What are the effects on long-term financing and the transition to a low-carbon economy? (Publication expected in Q2 2016)

  • ABOUT THE AWARD

    International Award on Investor Climate-related Disclosures



    The French Ministry of Environment in collaboration with 2°Investing Initiative is organizing the first edition of the International Award on Investor Climate-related Disclosures (2°Invest Award).

    The award aims to highlight best practices in investor climate change reporting, in line with Article 173-VI, and consequently also provide food for thought for existing international initiatives on climate-related disclosures for investors.

    In its first edition, the award will focus on four main reporting aspects:
    1. Assessment of climate-related risk exposure;
    2. Contribution to the international climate objectives;
    3. Integration of climate-related criteria in the investment and engagement policies; and
    4. Communication to clients and beneficiaries.

    An independent jury consisting of four constituencies -French authorities, international authorities, groups of investors engaged on environmental and climate issues, and environmental NGOs- is in charge of selecting the best reporters and the award categories.

    Any entity managing an investment portfolio, subject or not to law, is invited to apply. Investors interested to participate in the process are strongly encouraged to approach to 2° Investing Initiative .

    JURY MEMBERS

    The Jury is composed of 4 constituent groups: Public Administration, Members of the Parliament, Investor Groups and Advocacy NGO’s. The president of the jury is Mrs. Ségolène Royal, Minister of Environment, Energy and the Sea and President of the COP21.


    Romain Poivet
    ADEME - Public Administration

    Xavier Bonnet
    CGDD - Public Administration

    Jean Boissinot
    French Treasury - Public Administration

    Roman Doubrava
    DG CLIMA - Public Administration (Observer)

    Martin Koch
    DG FISMA - Public Administration (Observer)

    Silvia Ruprecht-Martignoli
    FOEN, Switzerland - Public Administration (Observer)

    Nilgün Parker
    BMUB, Germany - Public Administration (Observer)

    Maria Krassuski
    BMUB, Germany - Public Administration (Observer)

    Arnaud Leroy
    French MP - Members of the Parliament

    Sirpa Pietikainen
    MEP - Members of the Parliament

    Reinhard Bütikofer
    MEP - Members of the Parliament (Observer)

    Emma Herd
    IGCC - Investor Groups

    Nathan Fabian
    PRI - Investor Groups

    Shanna Cleveland
    Ceres - Investor Groups

    Stephanie Pfeifer
    IIGCC - Investor Groups

    Julian Poulter
    AODP - Advocacy NGOs

    Guillaume Prache
    Better Finance - Advocacy NGOs

    Meike Fink
    CAN FR - Advocacy NGOs

    Yann Louvel
    BankTrack - Advocacy NGOs

    Alexandre Naulot
    Oxfam FR - Advocacy NGOs

    Curtis Ravenel
    Liason to the TCFD (Observer)

    Romain Poivet

    Romain is Climate Program Officer at the French Environmental and Energy Management Agency (ADEME). He specializes in climate mitigation strategies for organisations. Since 2009, he has coordinated and supported about fifteen sectoral methodologies included the financial sector, retail, chemical, food and construction. He is also involved in technical aspects of the French GHG reporting mandatory programs. Romain is the co-author of the ADEME’s methodology for quantifying the GHG impacts of mitigation actions. Since the launch of the Environmental Footprint pilot phase led by European Commission, he has represented France in the technical secretariat of Organisation Environmental Footprint Sector Rules for the retail sector. Before joining ADEME, Romain worked as consultant specialized in industrial and environmental risk management and corporate carbon footprint. Romain holds an Engineering Degree in industrial and environmental risk management.

    Xavier Bonnet

    Xavier is Head of the Service of Economy, Evaluation and Integration of Sustainable Development at the French Ministry of Environment, Energy and Sea, one of the four entities within the Office of the Commissioner General for Sustainable Development. With a high level team of nearly one hundred economists, engineers and lawyers, he investigates new fields of public instruments in order to advocate the transition towards a greener economy. Greening finance ranks high in this agenda.

    Xavier is an economist from the Paris Graduate School of Economics, Statistics and Finance (ENSAE) and engineer from Ecole Polytechnique by training. Before being a manager, he devoted most of his capacities in economic modelling, both macro and micro, with publications in academic reviews.

    Jean Boissinot

    Jean is Head of Banking and Financial Sector Analysis Division at the General Directorate of the Treasury within the French Ministry of Finance since October 2011. He leads a team of economists in charge of advising on domestic finance issues. Jean also serves as secretary general to the French macroprudential authority. Within the General Directorate of the Treasury, Jean has previously held various positions. From 2010 to 2011, Jean headed the division in charge of European financial institutions at the European Affairs department.

    Jean was as well an alternate director at the European Investment Bank. From 2008 to 2010, he worked within the International and Finance directorate at HM Treasury, as a senior policy advisor in the Financial Stability team where he was involved in crisis interventions as well as on the financial reforms agenda.

    Jean is an associate professor at the national statistics and economics engineering school (ENSAE, in French) and has previous teaching experience at the National School of Administration (ENA, in French), the Paris Institute of Political Studies and the Pantheon-Sorbonne University. He is a member of the editorial board of the Revue d’économie financière, a French scientific journal that covers financial aspects on the economy, and a board member of the Institut Louis Bachelier, an organization that promotes funding, dissemination and enhancement of research excellence in economics and finance.

    He graduated from École Polytechnique and from ENSAE. He also has a postgraduate degree in economics (Paris School of Economics).

    Roman Doubrava

    Roman graduated from University of Economics in Bratislava and followed his studies on economics and politics of renewable energy at Technical University of Salzburg. He worked for 10 years as a consultant and director of the Energy Centre Bratislava, active in the field of sustainable energy, and managed a number of local energy projects in Central and Eastern Europe and Western Balkans. Roman was also actively involved both in Slovak and EU energy policy as member of advisory committees. In 2008, he joined the European Commission, where he worked at DG Energy in the fields of energy efficiency policy and finance. In September 2016, Roman became a Deputy Head of Unit in DG CLIMA responsible for low-carbon finance for innovation.

    Martin Koch

    Martin Koch joined the European Commission in 2006 and is currently Policy Officer in DG FISMA, Unit C1 ’Capital Markets Union’. Before joining DG FISMA on 1 May 2015, Martin worked for 9 years with DG Research & Innovation in the field of SMEs, Financial Instruments and State Aid.
    DG FISMA C1 is leading Commission work on the development and implementation of an effective Capital Markets Union (CMU), with the aim to create a single, integrated capital market in the EU by 2019. Martin’s particular focus in this context is on long-term finance, infrastructure and sustainable investments as well as venture capital. Before joining the European Commission, Martin worked for over a decade with several financial institutions on financing innovative SMEs and risk capital.
    Born in 1964, Martin Koch studied Political Science and Economics. He holds a Master degree in Political Science (Public Finance) from the University of Münster, Germany.

    Silvia Ruprecht-Martignoli

    Silvia has been working with FOEN for more than 10 years. Currently, she leads the work on climate and financial markets within FOEN, the Swiss federal environmental authority. The climate division is in charge of developing climate policy strategies and reduction targets for Switzerland as well as elaborating and submitting CO2-legislation to the government and parliament. The first Swiss study on ‘Carbon Risks for the Swiss Financial Centre’ was released in October 2015, more technical work will be published by the end of the year. Silvia also manages the Confederation’s Technology Fund, which offers loan guarantees to Swiss companies innovating in climate friendly technologies. She represents Switzerland as Vice-Chair in the Working Party on Climate, Investment and Development at the OECD. Silvia is a graduate in economics, ecology and business administration.

    Nilgün Parker

    Nilgün is head of the Economy, Innovation, Employment; Sustainable Corporate Governance Division at the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB). She is currently participating in activities related to national, European and international issues regarding green economy and green finance, environmental aspects on trade policy and the promotion of green technologies and sustainable infrastructure solutions. Prior to joining BMUB, Nilgün worked at the Federal Ministry of Transport, Building and Urban Development (BMVBS) as personal advisor for the State Secretary and as desk officer in various positions. Nilgün holds a Master’s degree in Political Science, International Law and Sociology from the Rheinische Friedrich-Wilhelms-Universität Bonn.

    Maria Krassuski

    Maria is a desk officer for the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) in the Division “Strategic Aspects of Climate Policy, Climate Plan". She is currently working on the German National Climate Action Plan 2050, which will lay down interim targets for the post-2020 period in order to achieve the long-term climate goal. Maria is exposed to topics such as climate reporting, stranded assets and the transition to a low-carbon economy. Prior to joining BMUB, Maria has been employed as a research associate at Project Management Jülich, where she was in charge of the supervision and coordination of research projects and worked in an advisory capacity for the Federal Ministry for the Environment. Maria holds a Master’s degree in Public and Private Environmental Management from the Freie Universität Berlin.

    Arnaud Leroy

    Arnaud Leroy began his career at the European Commission within the Department for Maritime Affairs after studying Maritime Law and International Law of the Sea at the Faculty of Nantes, France. Subsequently, he was parliamentary assistant of Gérard Onesta, vice president of the European Parliament. In 2004, he joined the European Maritime Safety Agency (EMSA), where he was responsible for the protection of the marine environment and issues related to climate change.

    Deputy of the French citizens living outside of France since 2012, Arnaud Leroy is a member of the Commission for Sustainable Development and Spatial Planning of the National Assembly and President of the study group on climate change. He is also full member of the National Observatory guidance council on the effects of global warming in France and in the departments and territories oversees. He is the author of a bill regarding the blue economy filed in July 2015 and promulgated on 21 June 2016.

    Sirpa Pietikainen

    Sirpa is a Finnish Member of the European People’s Party (EPP) in the European Parliament since 2008. She has been Finland’s Minister of Environment from 1991 to 1995. At the European Parliament, Sirpa is Member of the Economic and Monetary Affairs Committee and substitute member of the Environment, Public Health and Food Safety Committee as well as of the Women’s Right and Gender Equality Committee.
    In the ECON-committee she has been responsible for legislatives reports on the transparency directive and the non-financial reporting directive. She is especially keen on combining her passion for environmental questions with her knowledge and work on financial services and other economic matters, and has hosted several conferences in the European Parliament relating to, amongst others, sustainable financing, ESG reporting and climate financing. Sirpa hold a M.Sc. in Business from Helsinki School of Economics, where she teaches university courses on negotiations theory and practices.

    Reinhard Bütikofer

    Reinhard is a Member of the European Parliament representing the Greens-European Free Alliance (EFA) and the Co‐Chair of the European Green Party (EGP). He sits on the Committee of Industry, Research and Energy (ITRE) and is a substitute member of the Committee on Foreign Affairs (AFET) as well as the Sub‐Committee on Human Rights (DROI). He is a Member of the Board of Directors of the European Endowment for Democracy (EED) and delegated Chair of the AFET Working Group on External Financing Instruments (WG EFI). Reinhard is Vice‐Chair of the European Parliament’s Delegation for Relations with the People’s Republic of China and a Member of the Delegation to the United States.
    Before getting elected to the European Parliament in 2009, Reinhard was the co‐chair of the German Green Party Bündnis90 / Die Grünen. He was the party’s Secretary General from 1998 until 2002. He served as the Chair of the Greens in the Federal State of Baden‐Württemberg and from 1988 until 1996 he served as a Member of the Baden‐Württemberg State Parliament.

    Besides his positions in the party and parliament Reinhard is a member of the advisory board of the American Jewish Committee’s Ramer Center in Berlin, the Europe/Transatlantic Advisory Board and the General Assembly of the Heinrich Böll Foundation, the NABU Club, the Green European Foundation, the German‐Israeli Society and the German‐Chinese Dialogue Forum.

    Emma Herd

    Emma is Chief Executive Officer at the Investor Group on Climate Change (IGCC). IGCC is an association of institutional investors managing $1tr in assets that works to improve government policy and investment practice on climate change and participates in the Global Investor Coalition on Climate Change. Prior to IGCC, Emma spent 15 years at Westpac Banking Corporation where she had a range of roles across carbon finance and emissions trading, ESG Risk assessment, public policy and sustainability strategy development.
    Emma has participated in a number of key public forums, government and industry bodies relating to climate change and the environment. Emma is a Non-Executive Director of the Carbon Market Institute and a member of the Cornerstone Capital Global Advisory Council. She holds a Bachelor of Asian Studies (Thai) Hons.

    Nathan Fabian

    Nathan is the Director of Policy and Research at the UK-based Principles for Responsible Investment. He is responsible for developing and implementing the PRI’s policy work stream, supporting signatories to identify and overcome barriers that currently prevent financial markets from functioning sustainably. Nathan previously led the Investor Group on Climate Change (IGCC) for six years.
    Previous to this role, Mr Fabian was head of ESG research at Regnan, a leading provider of environmental, social and corporate governance (ESG) research and engagement in Australia. He has also worked as a senior consultant for Arthur Andersen, as a market analyst at Krone, a German-based telecommunications company and as a corporate governance policy advisor to Senator Penny Wong of Australia.

    Shanna Cleveland

    Shanna is a Senior Manager at Ceres where she leads the work on the Carbon Asset Risk (CAR) Initiative. The CAR Initiative, launched in 2013 in collaboration with the Carbon Tracker Initiative and with the support of the Global Investor Coalition on Climate Change, aims to prevent shareholder capital from being wasted on developing high-carbon, high-cost fossil fuel resources that cannot be burned if the world is to avoid catastrophic climate change and aims to drive fossil fuel companies to acknowledge and plan for the escalating physical impacts of climate change such as sea level rise, stronger storms and more severe droughts. Prior to joining Ceres, Shanna worked at the Conservation Law Foundation as Senior Attorney and as Program Director of the Clean Energy Climate Change Program. She developed campaigns and litigation, conducted policy analysis and advocacy, and educated the public and policymakers about climate change and energy policy. Shanna holds an LL.M. in Environmental Law from Vermont Law School and a J.D. from the University of Virginia’s School of Law.

    Stephanie Pfeifer

    Stephanie is the Chief Executive of the Institutional Investors Group on Climate Change (IIGCC), the collaborative platform for European investors to encourage public policies, investment practices and corporate behaviour that address long-term risks and opportunities associated with climate change. The IIGCC now has 120 member organizations, including some of the largest pension funds and asset managers in Europe, with assets of around €13 trillion. Previously, Stephanie worked in investment banking for over 7 years, including as senior economist at Morgan Grenfell and Deutsche Bank in London. She holds an MSc in Environmental Management and a BA in Philosophy, Politics and Economics from Oxford University and an MA in Economics from Exeter University.

    Julian Poulter

    Julian is CEO of the Asset Owners Disclosure Project (AODP), an independent non-profit organisation that is the world leader on reporting Asset Owner performance over their management of climate change risks.
    Before entering the non-profit sector in 2007, Julian had a long career in business and finance. He has been CEO of four companies in consulting, media and software and has held many senior executive in large organisations. He has managed large projects and operations in many diverse industries including finance, oil and gas, manufacturing, distribution, retail and information Technology.
    Julian left the commercial sector in 2007 having realised the potential of the world’s asset owners to take a uniquely long term view of climate change risks and help drive solutions where politics was clearly failing. He has been widely published on finance, investment and general sustainability issues.

    Guillaume Prache

    Guillaume is the Managing Director of BETTERFINANCE, the European Federation of Investors and Financial Services Users. He is also one of the experts representing financial services users before the European Commission as member and vice chair of the Financial Services User Group – FSUG, before the European Securities & Markets Authority (ESMA) as former chair of its Stakeholder Group), before the European Banking Authority and the European Insurance and Occupational Pensions Authority as member of their stakeholder groups and before the French financial regulator AMF as a member of the Savers commission.
    Guillaume started as a magistrate at the French Court of Auditors, and has an extended international experience in financial matters, most recently as Chief Financial Officer of Rhône-Poulenc Rorer, Inc., a “Fortune 500” publicly-listed pharmaceutical company (today Sanofi) from 1997 to 2000, and then as Managing Director of the European subsidiary of the Vanguard Group, Inc., a global leader in asset management, from 2000 to 2006.

    Meike Fink

    Meike joined in 2009 the Climate Action Network-France (CAN) team to coordinate a European project dealing with issues related to energy scenarios, emissions related to consumption and energy efficiency. Since late 2015, she has been working on social justice in the energy and ecological transition in France. Meike also tracks the subject related to carbon reporting and business climate commitments. Prior to joining CAN, she worked as an Info-Energy Advisor. Meike holds a degree in political science, environmental sciences and business economics.

    Yann Louvel

    Yann is the climate and energy campaign coordinator for BankTrack since September 2010. Before that he worked as private finance campaigner for Friends of the Earth France for 3 years, targeting the French bank involved in dodgy deals. He also worked as the Quebec regional coordinator for the sustainable campuses project for the Sierra Youth Coalition, the youth arm of the Sierra Club of Canada. He holds a M.Sc. in Environmental Sciences from the Université du Québec à Montreal.

    Alexandre Naulot

    Alexandre is a Policy Advisor at Oxfam France, leading on financial sector policy since 2011. Graduate of the University Paris I Panthéon-Sorbonne, he coordinates the Fair Finance France initiative which evaluates and monitor major banks policies, practices and investments and mobilize banks clients and decisions makers for a fairest and sustainable financial sector. Alexandre works especially on the Financial Transaction tax and is author and co-author of several reports, including on the financing of the fossil fuel and renewable energy industries by the largest banks in the world.

    Curtis Ravenel

    RELATED DOCUMENTS

    Award evaluation criteria

    Application form

    • Summary of the feedback from the public consultation

    • Best practices on climate change reporting: [“Investor climate disclosure: stitching together best practices”]

    Press release of Ministry of Environment, Energy and the Oceans (in French)

    Award bylaws

    Website of the Ministry of Environment, Energy and the Oceans

    Article 173 of the Energy Transition for Green growth law

    Implementation guidelines of Article 173

    CONTACT

    For more information, please contact our team at 2dinvestaward@2degrees-investing.org

    or prix-reporting-investisseurs@developpement-durable.gouv.fr

  • Upcoming Events

    Nov. 8th 2016 - Zurich - Deputy Director Jakob Thomae will be on a panel at the Impact Forum in Zurich discussing Climate Compatible Investing. Click here for further details.

    Past Events

    Sept. 21, 2016 Climate Week New York - The launch event to mark the publication of two reports as part of the 2dii-Generation Foundation Tragedy of the Horizon Project. Click here for details.

    Sept. 21, 2016 - Stockholm - 2dii Deputy Director Jakob Thomae will be speaking at the TBLI Conference in Sweden on measuring the climate financing footprint in fixed income. Click the icon or here to register.

    Sept. 21, 2016 - New York - Hosted by S&P, panel discussion on how to monitor 2°C portfolio alignment and associated risk in equity and bond portfolios. E-mail Laura@2degrees-investing.org for details.

    Sept. 19 2016 - New York - Stan Dupré discusses how the development of green bonds issuance fits in the broader picture of investor climate target setting and 2°C portfolio alignment. Register here.

    September 15, 2016 Paris - 2°ii convenes a conference at the French National Assembly: "Climate change and long term risks: The tragedy of the horizon”. Register here.

    September 8, 2016 Berlin - We launch our first German report on climate and financial regulation in co-operation with Konrad Adenauer Stiftung. See their website for details.

    Sep.6, 2016, Paris - Hugues Chenet @Le Club Développement Durable de Neoma Alumni : "Finance & Climate Change : The integration of environmental impacts in investments". Click here

    August 31, 2016 Paris - Security analyst research workshop - Stress-testing time horizons in financial analysis - Click on the icon or this link for further details.

    August 24, 2016 London - Security analyst research workshop - Stress-testing time horizons in financial analysis - Click on the icon or this link for further details.

    August 18, 2016 New York - Security analyst research workshop - Stress-testing time horizons in financial analysis - Click on the icon or this link for further details.

    August 1st, 2016 - Watch Stan Dupré participate in the TCFD panel discussion on scenario analysis. Watch the full panel discussion by clicking here.

    July 11, 2016 New York - 2°ii CEO Stan Dupre is participating in a panel at the FSB Task Force on Climate-related Financial Disclosures event at S&P Global’s offices. Register for the event here.

    July 7, 2016, Brussels - Hugues Chenet @ European Economic and Social Committee, "Next steps for a sustainable European future - Reforming Europe, implementing SDGs". Here.

    4 July, 2016 - 2dii, CDP and ECF are co-hosting a brainstorming session focused on providing inputs to the Financial Stability Board on carbon disclosure.

    June 7, 2016, Toronto - 2°ii participated in a panel at the RIA conference about metrics and tools for investors for assessing climate-related financial risk and contribution to climate goals.

    Feb. 26, 2016, Tokyo - The French Embassy invites 2°ii for a special event on Green Finance post-COP21: "From the French Energy Transition Law to the FSB Climate Disclosure Task Force.

    February 25, 2016, Tokyo - The Japanese Ministry of Environment invites 2°ii to contribute to a discussion seminar on its new platform for environmental information disclosure aiming at investors.

    February 23-24, 2016, Tokyo - 2°ii presents its work and joins a panel discussion on Low Carbon Economy and Investments at the Responsible Investor ASIA 2016 conference.

    December 8, 2015 - "Mobilising the financial sector against climate change", a training for CliMates, organised by 2°ii with J. Blanc (Ministry of the Environment).

    December 7, 2015, Le Bourget (COP21) - "The role of the financial system in the transition to a low-carbon economy, 3 organisations – 3 approaches" by 2°ii, Carbon Tracker, and UNEP Inquiry.

    December 4, Le Bourget (COP21) - The SEI Metrics research consortium will host "From climate goals to portfolio allocation: A 2° Assessment tool for portfolios and financial markets".

    December 1, Le Bourget (COP21) - 2°ii in a panel on national case studies, including France, and global trends in "Towards a sustainable financial system", hosted by I4CE and UNEP Inquiry.

    December 1, Le Bourget (COP21) - German Environment Ministry, New Climate Institute, Germanwatch, and 2°ii host "The Future of Financial Markets in Line with 2°C".

    November 30, Paris - "Climate Change: The Finance Sector and Pathways to 2°C" at the French Parliament. Full speech by Banque de France’s Governor here. More material available soon.

    November 28, 2015, Villepinte - "Mobilising the financial sector in the fight against climate change", a workshop by 2°ii and I4CE at the 11th Conference of the Youth (COY).

    November 27, Paris - Oekom Research and the South Pole Group invite 2°ii to discuss climate risk at their conference "How can the investment community engage for positive climate impact?"

    November 19, 2015, Zurich - 2°ii participates in the workshop "Addressing Carbon Risks at the Portfolio Level: Low carbon investment opportunities" at the TBLI Conference.

    November 19th, Paris - 2°ii participates in a panel on the French energy transition law, organized by La Banque Postale AM, to discuss the impact of climate risk disclosure on institutional investors.

    November 12, 2015, Stockholm - The Nordic SIF Meeting will host presentations by Nordic SIFs, UNEP-FI, PRI, 2° Investing Initiative. Norsif, Dansif, Finsif and Swesif members only.

    November 10th, Paris - Proparco invites 2° Investing Initiative to share our perspective on climate risk alongside Total, Moody’s and Schneider Electric at a roundtable discussion.

    November 9th, NYC - 2°ii introduces a methodology for benchmarking portfolios to decarbonization scenarios at the Mandatory Investor Climate Disclosure event. Slides and Prezi here.

    November 6th, NYC - 2°ii sits on a panel on Transforming the Energy System Towards a Low Carbon Future at the Columbia University Energy Forum.

    November 5th, Paris - Finance Watch and ESCP Europe hosts 2° Investing Initiative on a panel of climate and finance experts at the conference "Finance and Climate: How to shift the model?"

    November 4th, Helsinki - 2°ii will participate in workshop on investor decarbonization strategies at Sustainable Stock Exchanges’ "Regional Dialogue 2015: Nordic Countries"

    October 30, 2015, Berne - Jakob Thomä moderates a panel in the second part of a forum on "Carbon risks for the Swiss Financial Center" hosted by the Swiss Federal Office of the Environment.

    October 28, Paris - Stanislas Dupré speaks at the MSCI workshop on "Managing carbon risk : From principles to practice".

    October 28, 2015, Paris - S. Dupré joins ministers, CEOs and influential NGOs at the OECD high-level round table on ”Divestment and Assets Stranding in a Low-carbon Transition”

    October 7, 2015 - Chris Weber and Stan Dupré (2°ii) present our briefing note on the French Energy Transition law to 40 financial actors . Click on the icon to open the slides.

    October 6, 2015, Berlin - Presentation by J. Thomae (2ii) on disclosure by institutional investors in the French energy transition law, at the WWF and CDP event on climate reporting.

    September 28, 2015, Paris - SRI Week. Hugues Chenet (2°ii) at the "Making Finance Serve Climate" conference at the National Assembly to discuss art. 173 of the French energy transition law.

    September 24-25, 2015, Oxford - 1st Stranded Assets Conference. Jakob Thomae, Hugues Chenet and Didier Janci (2°ii) on : "Are carbon risks mispriced ? Insights from the market failure literature"

    September 24, New York - S. Dupré at "Funding the Low Carbon Transition : the Role of the Financial System", organised by France Stratégie. Click here to watch his intervention at 56:00.

    September 23-24, Sao Paulo, Climate Change Policy in Latin America - 2ii in Brazil ! J. Thomae speaks of "Climate Change and the Financial Sector". Click on the icon to access the report of the event.

    September 15, 2015 - S. Dupré at the Eurosif Green Bond Policy Seminar : “Which role could policy-makers and public actors play to further unlock the growth of the EU green bonds market ?”

    August 26-28, 2015 - Launch webinars for the "Carbon Asset Risk" report (WRI & UNEP-Fi) - available in Studies & Projects. Click on the icon to download the slides.

    July 27, 2015 - 2°ii
    co-organizes the New York City event on " Carbon Risk Assessment Strategies for Financial Institutions" with WRI, UNEP-FI, Moody’s and Mercer.

    9 July 2015, Paris at the National Assembly. 2° Investing Initiative organises with Mercer a conference entitled " What does it mean to invest in a time of climate change? ".

    2 July 2015, Paris - 2° Investing Initiative organises with MSCI a seminar about the French law on the energy transition.
    Click on the icon for the material of the presentation.

    June 23, 2015, UNPRI Meeting in Edinburgh - Stan Dupré presents the new climate disclosure requirements introduced in the French Energy Transition Law in 2015.

    May 19, 2015, Paris Climate Week Seminar - "Finance and climate change : metrics".
    Click on the icon to access all the material (presentations, videos, etc.)

    March 26, 2015 - Workshop: ’Energy: Tools for the New Financial Crisis, How to Reduce Carbon Risk & Transition to Renewables’ (Zurich).

    December 8, 2014, New York - 2°ii organizes, in partnership with MSCI and Carbon Tracker, a conference on "Climate-related investment products : options for investors".

    November 19-20, 2014, Frankfurt - 2°ii participates in the UNEP-Fi/VfU event on "License to Operate - Sustainability in Finance : Between Opportunity and Responsibility Requirement".

    November 28, 2014, Frankfurt - Save the date : Report launch “Quantifying the exposure of equity indices to the energy transition".

    November 18-20, 2014 - 2°ii co-chair a seminar in partnership with UNEP Inquiry.

    March 11-12 2014, Zurich - WWF & UNEP-FI workshop "Moving Towards Climate Resilient Investments", in partnership with 2°ii, Climate KIC and South Pole Carbon. [click icon]

    February 25, 2014, New-York - Workshop 2°ii and MSCI ESG Research on the subject "The Use of Benchmark Indexes as Investment Guidelines”.

    February 25, 2014, New York : Conference 2°ii & MSCI ESG Research.

    February 25, 2014 - New York - Conference 2°ii & MSCI ESG Research. Documents in printable versions. The animated version is available above.

    January 28, 2014, Paris - Kepler Cheuvreux organises the 4th Sustainable Bond Conference in partnership with 2°ii.

    July 4, 2013 - 2°ii Conference: ’From financed emissions to long-term investing metrics’.

    May 29, 2013, Brussels - How 2° investing links with carbon risks. Presentation at the European Climate Foundation.

    April 25, 2013 - Paris - Conference at Assemblée Nationale on the Carbon Tracker report.

    April 25, 2013 - 2°ii Conference ’’Carbon Bubble and Financing the Energy Transition’’ at the French National Assembly, with Carbon Tracker, IEA, OECD, HSBC, MP A.Leroy, D.Dron.

    April 25, 2013 - Presentations of speakers [PDF Version]. The animated version is available and discussed above.

    April 2 2013, Paris - Speaking to the working group about financing energy transition (GT4).

    March 2013, Paris - Presentation of the 2° Investing Initiative at UNEP (United Nations Environment Programme)

    Mars 6, 2013, Paris - Presentation of 2° investment concept’s and regulations proposed by the association.

    February 26, 2013, NYC - Stan Dupre at the GHG Protocol Workshop on Financed Emissions Measurement.

    December 2012 - Launch Conference of 2°ii first report, with CDC, CAS, Natixis AM and CGDD.

    June 2012 - Seminar "Financed Emissions" in partnership with CA-Cheuvreux (now Kepler-Chevreux) organised for ESG analysts of the financial sector.

    February 2012, Paris - Creation of the 2° Investing Initiative : introducing the concepts of 2° investing and integration of climate goals into financial regulation.

    November 2011 - Conference "Changing finance to save the climate?". Partners: Carbon Tracker Initiative, Compta-Durable and the French association of chartered accountants.

  • Contact us!

    We look forward to starting a conversation with you and hearing your thoughts, ideas and comments! You can find all the ways to contact us below:

    Email: contact@2degrees-investing.org
    Landline: +33 1 42 81 19 97
    Twitter: @2degreesinvest
    Linkedin group: 2° Investing Initiative

    New York Office
    205 E 42nd street, New York, NY 10017
    Tel: +1 516 418 3156

    London Office
    40 Bermondsey St, London SE1, United Kingdom
    Tel: +44 748 103 7629

    Paris Office
    97 rue LaFayette, 75010 Paris, France
    Tel: +33 1 42 81 19 97

    Berlin Office
    Am Kupfergraben 6a, 10117 Berlin, Germany
    Tel: +49 176 64 255 964

    How to get to our offices

    How to get to the New York office


    HowToGetToTheNewYorkOffice

    How to get to the London office


    How to get to the Paris office


    How to get to the Berlin office


    Internship in Paris

    We are currently looking for an intern for a six month-period (applications for shorter periods will be considered):

    Content of the internship:

    • Research: Participation in the drafting and publishing of a study (conducting interviews, document analysis, data, workshops, writing, distribution).
    • Communication: Managing the website, newsletter and translation works. Outreach and dialogue with members and partners, participation in conferences and seminars.
    • Organisational: Support in the organisation of our events and in the production of communication material.

    Intern profile:

    • Students at the end of their studies or professionals in further education ;
    • Bac+5 (or international equivalent), studies related to economics, finance, political sciences or related fields;
    • The ability to write and work fluently in English;
    • Minimum knowledge of financial concepts and vocabulary in the financial business sector;
    • Bonus: Previous experience in research regarding a 2° investment topic, established network in financial sector.

    Opportunities for the intern:

    • Insights into 2° investment issues, access to our document database and network. Research on the current issues related to financial regulation and climate change;
    • Collaboration and exchange with leading institutions on the subject;
    • Integration into a small team. Very high degree of autonomy and opportunity to apply your ideas and input to the work.

    Practical aspects:

    • Good remuneration
    • Location: 47 rue de la Victoire, 75009 Paris
    • If you are interested in working with us, please send a CV and a letter of motivation outlining your availability and your interest in 2° ii to contact@2degrees-investing.org

    Download the full offer on this link.

    Internship in New York City

    When? Summer 2016
    Where? New York City (Midtown East)
    Salary? Competitive and commensurate with experience and skills

    Our needs

    We are seeking a full-time summer intern for 12-16 weeks to primarily focus on our ‘Tragedy of the Horizon’ project: documenting how long-term risks and opportunities get lost in a risk signal valley of death due to short-term time horizons, resulting in the suboptimal and unsustainable allocation of capital for the long-term. See the full project briefing here.

    Responsibilities and tasks

    • Produce analytical research on investment time horizons and long-term risks, including in relation to both climate and non-climate related events.
    • Develop analytical case studies on sectors exposed to environmental and other types of long-term risk.
    • Conduct in-depth literature reviews, extract key themes, identify strategic implications and draw analytical conclusions in summary reports and internal briefings.
    • Assist in the collection of data for the project by building surveys, developing agendas for technical workshops, and drafting questionnaires for in-person interviews with technical partners.
    • Undertake quantitative analysis of large datasets pertaining to equity research and credit risk models, produce tables and charts and present data for external publication in reports.
    • Organize events such as technical workshops, seminars, and conferences with key stakeholders and thought leaders on this topic.
    • Assist team members with the preparation of reports, briefings and presentations for a range of policy, financial and technical audiences.
    • Provide operational and administrative support to team members on an ad-hoc basis.

    Your profile

    • You are a highly motivated self-starter with a strong interest in building your knowledge of the economic and financial challenges around transitioning to a more sustainable economy;
    • You have a good high-level understanding of the finance sector, including the various different stages of the investment allocation chain;
    • You possess strong quantitative, numerical and analytical skills;
    • You have good written communication skills and can summarize key points in a clear and concise manner;
    • You are highly organized and able to stay on top of multiple tasks;
    • You must have the legal right to work in the U.S.

    Download the full offer and further details on responsibilities and tasks on this link.

    Fall Internship NYC

    When? Fall 2016
    Where? New York City (Midtown East)
    Salary? Competitive and commensurate with experience and skills

    Our needs

    We are seeking a fall intern for 12-16 weeks to primarily focus on the ‘Tragedy of the Horizon’ project, relating to the final work stream: Documenting how long-term risks and opportunities get lost in a risk signal valley of death due to short-term time horizons, resulting in the suboptimal and unsustainable allocation of capital for the long-term. See the full project briefing here.

    Responsibilities and tasks

    • Produce analytical research on investment time horizons and long-term risks, including in relation to both climate and non-climate risks.
    • Develop analytical case studies on sectors exposed to environmental and other types of long-term risks.
    • Conduct in-depth literature reviews, extract key themes, identify strategic implications and draw analytical conclusions in summary reports and internal briefings.
    • Assist in the collection of data for the project by building surveys, developing agendas for technical workshops, and drafting questionnaires for in-person interviews with technical partners.
    • Analyze large datasets including company annual reports, produce tables and charts and present data for external publication in reports.
    • Organize events such as technical workshops, seminars, and conferences with key stakeholders and thought leaders on this topic.
    • Assist team members with the preparation of reports, briefings and presentations for a range of policy, financial and technical audiences.
    • Provide operational and administrative support to team members on an ad-hoc basis.

    Your profile

    • You are a highly motivated self-starter with a strong interest in building your knowledge of the economic and financial challenges around transitioning to a more sustainable economy;
    • You have a good high-level understanding of the finance sector;
    • You possess strong quantitative and analytical skills;
    • You have strong written communication skills and can summarize key points in a clear and concise manner;
    • You are highly organized and able to stay on top of multiple tasks;
    • You must have the legal right to work as an intern in the U.S.

    Terms of the position

    This internship position is for 3-4 months with a view to moving to a permanent role (dates are flexible based on availability). This position will be based in 2°ii’s NYC office.

    2°ii pays a competitive salary for interns commensurate with relevant skills and experience.

    Interested applicants should submit a current resume (including two references) and a cover letter explaining their interest and relevant skills to Mona Naqvi at mona@2degrees-investing.org.

    Download the full offer and further details on responsibilities and tasks on this link.

    PhD Thesis Programme

    Call For Applicants – Thesis Projects
    Financing the transition to a low-carbon economy

    The topics focus around the 5 following themes:

    1. Development and adaptation of 2° investment scenarios for financial institutions
    2. Measuring the climate performance of companies
    3. Measuring the climate performance of financial institutions
    4. Materiality of climate risks for the financial sector
    5. Financial performance of “2° Investment”

    Become a member!

    The association welcomes new members, both institutions and individuals, to take part in our work.Becoming a member of the 2° Investing Initiative will make you a part of a motivated community of financial institutions, companies, NGOs, and individuals promoting the integration of climate constraints and long-term needs in financial institutions’ investment strategies and the related regulatory frameworks.

    The membership allows you to participate in the election of the Board of Directors. It also enables you to join in our work (working groups, studies, conferences, responses to consultations, etc.) as a volunteer or partner. The member list of corporation is public. The individual participation may be made public or not, at the convenience of the member.

    The membership fee depends on the type of structure and its financial capabilities. It starts at 120 € for small organizations and 60 € for individuals.

    Download the Statutes
    Download the Rules of Procedure

    If you are interested in membership, please send us an email and we will get back to you!

    Become a volunteer!

    Become a volunteer!

    The 2° Investing Initiative is always looking for contributors to support the goals of the association. We welcome a range of voluntary contributions:

    • Ad-hoc technical contributor: Contribution can be on an ad-hoc basis or on the basis of a specific type of contribution (proofreading of documents, participation in a meeting, answer a technical question, etc.). Alternatively, we are looking for volunteers to help us expand our network of contacts (contacts, organization of meetings, presentation of the association, etc.).
    • Regular technical contributor: This type of collaboration is aimed at volunteers with significant time (at least one day per week) over a long period (at least a few months). This type of collaboration fits particularly well for students and researchers wishing to complete their academic work with field experience and professionals in the financial sector looking to expand or move into a more interdisciplinary field or hoping to develop associational activity parallel to their business.
    • Association contributor: The association welcomes the support of volunteers who do not have financial skills, but are willing to help us with the layout of documents, the logistical organization of symposia, translation, etc. For the volunteers involved, this may be the opportunity to build upon their graphic design skills and learn to work with a range of design tools. It also provides a chance to profit from our wide network. This type of collaboration can be long-term or on an ad hoc basis.

    If you are interested, please send us an email to contact@2degrees-investing.org outlining your background and the way you would like to contribute to the association. We will get in touch with you once we hear from you to explore opportunities.