UK SBS BLOJEU-CR16133BEIS - Scoping study into the use of UK Government-held carbon and climate data to support UK green finance initiatives

Tender description

This study will scope the current data, products, standards and methodologies that are currently available or in development around: 1. identifying and assessing carbon risk in investments; o There is an increasingly urgent need for investors to assess and minimise climate related risk in their activities. This need is being recognised by investors but also increasingly by financial institutions and international bodies, such as the Green Finance Study Group under the G20 and the Financial Stability Board. Engagement with these groups and others has highlighted a lack of data and consistent methodologies as a barrier to wider adoption of climate risk assessment techniques. 2. developing corporate climate transition plans in the financial sector; and, o Many financial institutions have set positive green investment targets or science-based 2ºC pathways, for example, Citi, JP Morgan & HSBC. This project seeks to understand how financial institutions define measuring and reporting the positive investments they are making. 3. classifying green finance products. o Data and information barriers have been highlighted as preventing the expansion of markets for green finance products, for example green bonds. This scoping will be combined with an assessment of the data and methodologies held by BEIS in this area and the extent to which these could be used to fill any gaps in the data, standards etc.