FinanceMap scores this financial institution in the following areas. Please navigate to the relevant tab for in-depth analysis
FinanceMap assesses these portfolios for this financial institution. Please navigate to the relevant tab for in-depth analysis.
Fossil fuel production companies are defined as those with primary sector of operations in the up-, mid-, and/or downstream segments of fossil fuel production. Green companies are defined as companies having over 75% revenue deriving from Substantial Contribution to Mitigation activities under the EU Taxonomy.
Portion of AUM Assessed: $79.8B
Sector Paris Alignment scores for the sectors in which the asset manager has shareholdings. FinanceMap Paris Alignment analysis is limited to the automotive, upstream fossil fuel, and power sectors.
| Holding Name | Contribution to Sector Production |
|---|---|
| RWE AG | 16.0% |
| Enel SpA | 8.5% |
| Iberdrola SA | 7.7% |
| PGE Polska Grupa Energetyczna SA | 7.5% |
| SSE PLC | 6.7% |
| Enea SA | 5.6% |
| Tauron Polska Energia SA | 5.3% |
| Engie SA | 5.2% |
| EDP Energias de Portugal SA | 4.4% |
| Drax Group PLC | 3.4% |
| Holding Name | Contribution to Sector Production |
|---|---|
| Stellantis NV | 33.2% |
| Mercedes Benz Group AG | 13.3% |
| Bayerische Motoren Werke AG | 10.7% |
| Volkswagen AG | 10.5% |
| General Motors Co | 4.7% |
| Mazda Motor Corp | 3.7% |
| Guangzhou Automobile Group Co Ltd | 2.7% |
| Maruti Suzuki India Ltd | 2.7% |
| Hyundai Motor Co | 2.6% |
| Toyota Motor Corp | 2.6% |
| Holding Name | Contribution to Sector Production |
|---|---|
| Jastrzebska Spolka Weglowa SA | 44.6% |
| Glencore PLC | 22.0% |
| CONSOL Energy Inc | 10.2% |
| Warrior Met Coal Inc | 10.1% |
| Peabody Energy Corp | 5.3% |
| Arch Resources Inc | 4.1% |
| United Tractors Tbk PT | 1.7% |
| NACCO Industries Inc | 1.0% |
| Alpha Metallurgical Resources Inc | 0.7% |
| Whitehaven Coal Ltd | 0.2% |
| Holding Name | Contribution to Sector Production |
|---|---|
| Shell PLC | 12.3% |
| TotalEnergies SE | 11.3% |
| BP PLC | 10.5% |
| CNOOC Ltd | 6.8% |
| PetroChina Co Ltd | 6.4% |
| Eni SpA | 5.4% |
| Petroleo Brasileiro SA Petrobras | 4.7% |
| Repsol SA | 3.4% |
| NK Lukoil PAO | 3.3% |
| Chevron Corp | 3.0% |
All equity funds that FinanceMap has identified as being managed by this asset manager. Click through to a fund's profile page to view in-depth analysis.
Allianz GI appears to be a strong engager with companies around climate. The asset manager has a detailed framework for climate stewardship for oil and gas majors along with a Climate Engagement with Outcome (CEWO) strategy to understand and engage with high emitting companies. It appears to track engagement progress although does not outline specific milestones. The asset manager has outlined an escalation response based on engagement outcomes that includes voting against resolutions, collaborating with other investors, filing or co-filing resolutions, or divestment.
Allianz GI appears to be actively engaging companies to transition in line with the Paris Agreement. For example, it continues to follow its engagement program with oil and gas companies, and encourage one oil major to set more ambitious targets to limit warming to 1.5°C. The asset manager appears to monitor climate lobbying activities of its investee companies, and has engaged on the topic at both an oil major and a US petrochemical firm. Additionally, the asset manager collaboratively engaged around climate and is a member of investor initiatives like CA100+ and supported a collaborative letter with the group in 2021.
Allianz GI has described the role of its Sustainability Research and Stewardship teams in its governance structure as well as the review processes in place. It has only given anonymous case studies, but has provided a list of companies engaged with and topics in its 2021 Sustainability and Stewardship Report. The asset manager also discloses all proxy voting data including voting rationale, along with guidelines for how it votes on climate related proposals.
Allianz GI has stated willingness to use shareholder authority to engage on climate but has not provided recent examples in its reporting, although it has stated that from 2023 forward it will vote against European large-caps that do not include ESG KPIs in executive remuneration policies.
Insightia data suggests that Allianz is broadly supportive of AGM resolutions InfluenceMap categorizes as in line with the Paris Agreement, supporting 61.8% in 2019, 70% in 2020, 72.3% in 2021, and 71.7% in 2022.
FinanceMap's methodology to measure the engagement process on climate was developed in consultation with several of the world's leading asset managers and uses key aspects of the UK Financial Reporting Council's 2020 Stewardship Code . The Stewardship Code was chosen to benchmark engagement quality as it provides an ambitious framework and detailed definitions of what constitutes effective engagement. FinanceMap defines the term ‘engagement’ as referring to all investor actions undertaken to influence the management strategy of the companies they own including private communications with corporate management and appointed advisors; questions at AGMs/other company meetings; comments on the company in the media; escalation and the shareholder resolution process (filing, voting behavior). FinanceMap’s methodology breaks the engagement process down into a set of sub-activities and looks for evidence associated with these across publicly available data sources.
Climate-relevance categorization of shareholder resolutions is based on the IPCC’s Special Report on 1.5°C and its concluded need for “rapid and far-reaching transitions in land, energy, industry, buildings, transport, and cities.” FinanceMap scored voting on any resolution where the intent and likely outcome is consistent with this IPCC stated need. The voting data is drawn from asset managers' disclosures to the US Security Exchange Commission (SEC), asset manager websites (including third-party websites they link to), directly from the asset managers, and through specialist voting data provider Insightia. The full list of resolutions assessed is available here.
The following table outlines the key queries and data sources, which FinanceMap uses to assess financial institutions’ sustainable finance policy engagement. Every evidence piece is assessed on a five-point scale of -2,-1,0,1,2 or NA (not applicable)/NS (not scored). All queries, data sources, and evidence pieces are weighted against one another in a matrix system to arrive at a final top-level score. Clicking on specific cells will load the underlying evidence and information on how it has been assessed.
Allianz appears to be highly engaged on sustainable finance policy, with mostly supportive positions.
Both Allianz and subsidiary Allianz Global Investors have stated support for the Paris Agreement and the net-zero by 2050 goal. Allianz is a founding member of the Net-Zero Asset Owner Alliance and has also been part of a number of investor initiatives throughout 2020-21 advocating for net-zero by 2050 directed to, for instance, the German Federal Government, world leaders and governments. In a 2020 op-ed, Allianz stated support for fundamental reform to the financial sector to achieve climate goals. In 2020, Allianz stated broad support for many policies in the EU's Sustainable Finance Action Plan, including the taxonomy, green bond standards, ESG benchmarks and corporate ESG disclosure, in its 2020 group sustainability report. However, there are examples of Allianz and its subsidiaries taking more cautious positions on certain sustainable finance policies in regulatory consultations.
In 2020, Allianz supported an ambitious update to the Non-Financial Reporting Directive to include mandatory climate-related disclosure, including transition targets. In a 2021 letter to the SEC, Allianz strongly advocated for regulated corporate ESG disclosure, calling for the development of a mandatory, globally harmonized standard with a double materiality perspective. After the SEC published its proposed rule in 2022, Allianz stated further support, including for mandatory disclosure of Scope 3 emissions.
However, in response to the UK’s FCA consultation on climate-related disclosures for asset manager and insurers in September 2021, Allianz Global Investors suggested a delayed timeline of implementation and argued that available data poses an issue for product and portfolio-level disclosures. Allianz also took a more cautious position on the European Sustainability Reporting Standards (ESRS) in response to the European Commission in 2022, highlighting the need for international standardization and a phased approach to implementation.
In December 2022, Allianz signed a joint statement calling for mandatory disclosure of nature-related impacts and dependencies.
In feedback to the European Commission on the Renewed Sustainable Finance Strategy in 2020, Allianz stated support for a full taxonomy that would cover both green and environmentally harmful activities, as well as in-between transition activities. Also in 2020, Allianz strongly supported a taxonomy with rigorous, science-based criteria in response to the Commission’s consultation on the taxonomy’s delegated acts. In 2022, Allianz signed a joint statement in favour of the development of a sustainable finance taxonomy in Australia. In a website article in July 2022, Allianz's representative on the EU's Platform on Sustainable Finance reiterated support for an extended taxonomy, as well as opposing the weakening of the 'green' criteria to include gas and nuclear activities.
In response to the Commission in 2020, Allianz supported verification regulation of EU Green Bonds at the European level, however, it did oppose the need for minimum standard or labels for sustainably-denominated investment funds. It has also opposed the need for the EU to take action in creating an ESG benchmark. In 2022, Allianz Global Investors supported the UK’s proposed Sustainability Disclosure Requirements with minor exceptions, suggesting that the level of ambition for product levels should be determined by the client and not regulatory minimum requirements for asset allocation.
In response to the Commission in 2020, Allianz was not supportive of further regulation to integrate adverse ESG impacts into fiduciary duties and advocated for a slow implementation of regulation around sustainability preferences of retail investors. In their 2020 sustainability reports, both Allianz and Allianz Global Investors also appeared to support the EU’s efforts on the Sustainable Finance Disclosure Regulation (SFDR).
In its 2022 Sustainability Report, Allianz states broad support for the “inclusion of sustainability in prudential regulation”.
Allianz has some information on its engagement on public policy in its group sustainability report and on its website, as well as some information on sustainability-related industry associations memberships. Subsidiary Allianz Global Investors has stated that it engages with policymakers in line with the net-zero by 2050 goal, and has disclosed memberships to industry associations and activities and working groups it is part of, as well as board memberships.
InfluenceMap’s methodology for assessing lobbying on sustainable finance policy closely follows InfluenceMap’s established methodology on climate policy engagement, which is used extensively by investors, including via the Climate Action 100+ investor engagement process. Our full methodology can be found here.
Under our assessment of sustainable finance lobbying, InfluenceMap considers engagement on all financial policies which intersect with climate and/or other sustainability issues. The analysis takes into account both the engagement of the financial institution and the activities of industry associations they hold membership of.
InfluenceMap’s methodology covers seven publicly available data sources, searching for evidence of engagement and corporate positioning since 2017. To determine the policy issues within the scope of the analysis, InfluenceMap breaks down sustainable finance policy engagement into a series of subcategories, or 'queries'. These are designed to cover high-level issues relating to the importance of sustainable finance, as well as more specific areas of sustainable finance policymaking. InfluenceMap’s research process searches for evidence of an organization's engagement with each sustainable finance policy issue, across each of the data sources.
The following table outlines the key queries and data sources, which FinanceMap uses to assess asset managers' corporate engagement programs. Every evidence piece is assessed on a five-point scale of -2,-1,0,1,2 or NA (not applicable)/NS (not scored). All queries, data sources, and evidence pieces are weighted against one another in a matrix system to arrive at a final top-level score. Clicking on specific cells will load the underlying evidence and information on how it has been assessed.
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party.
In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Oliver Bäte (CEO, Allianz SE) is on the board of the IIF (last checked March 2023)
Oliver Bäte
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Oliver Bäte (CEO, Allianz SE) is on the board of the IIF (last checked March 2023)
Oliver Bäte
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz Global Investors and PIMCO are corporate members of EFAMA (last checked September 2023).
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Alexandra AUER is a member of the EFAMA board of directors. This does no longer seems to be the case (last checked July 2023)
Ms Alexandra AUER (Allianz Global Investors)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Thorsten Heymann is a member of the EFAMA board of directors. This no longer seems to be the case (last checked July 2023).
Thorsten Heymann (Allianz Global Investors)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz Global Investors and PIMCO are corporate members of EFAMA (last checked September 2023).
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Alexandra AUER is a member of the EFAMA board of directors. This does no longer seems to be the case (last checked July 2023)
Ms Alexandra AUER (Allianz Global Investors)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Thorsten Heymann is a member of the EFAMA board of directors. This no longer seems to be the case (last checked July 2023).
Thorsten Heymann (Allianz Global Investors)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Libby Cantrill is on the board of SIFMA
Libby Cantrill (PIMCO Managing Director & Head of Public Policy)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
PIMCO is a member of SIFMA
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Libby Cantrill is on the board of SIFMA
Libby Cantrill (PIMCO Managing Director & Head of Public Policy)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
PIMCO is a member of SIFMA
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Colm Holmes is a board member at the ABI (last checked September 2023)
Colm Holmes (Allianz UK CEO)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Colm Holmes is a board member at the ABI (last checked September 2023)
Colm Holmes (Allianz UK CEO)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jasmine Jirele is a board member of ACLI, serving through 2025.
Jasmine Jirele (President & CEO, Allianz Life)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jasmine Jirele is a board member of ACLI, serving through 2025.
Jasmine Jirele (President & CEO, Allianz Life)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
There are three Allianz representatives on Insurance Europe's committees and working groups
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz Insurance plc, Allianz plc, AWP P&C SA, British Reserve Insurance Co Ltd, Euler Hermes SA/NV, Euler Hermes SA/NV (all Allianz SE) are members of ABI which is a national association member of Insurance Europe
InfluenceMap Data Point on Corporate - Influencer Relationship
There are three Allianz representatives on Insurance Europe's committees and working groups
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz Insurance plc, Allianz plc, AWP P&C SA, British Reserve Insurance Co Ltd, Euler Hermes SA/NV, Euler Hermes SA/NV (all Allianz SE) are members of ABI which is a national association member of Insurance Europe
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Udo Riese is on the IIGCC board (last checked September 2023).
Udo Riese (Global Head of Risk and Monitoring, Allianz Investment Management SE)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Udo Riese is on the IIGCC board (last checked September 2023).
Udo Riese (Global Head of Risk and Monitoring, Allianz Investment Management SE)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
PIMCO Europe Limited is a member of AFME (last checked March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of May 2021, Allianz no longer appears to be a member of AFME
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz Global Investors is a member of AFME
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
PIMCO Europe Limited is a member of AFME (last checked March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of May 2021, Allianz no longer appears to be a member of AFME
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz Global Investors is a member of AFME
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz Global Investors and Allianz VIP Trust are members of ICI (last checked March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz Global Investors and Allianz VIP Trust are members of ICI (last checked March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz Global Investors and PIMCO are members of the Investment Association (last checked September 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz Global Investors and PIMCO are members of the Investment Association (last checked September 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz is a member of the French Banking Federation which is a national association member of EBF (last checked September 2023).
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Allianz is a member of the French Banking Federation which is a national association member of EBF (last checked September 2023).
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz is a member of PensioPlus and AFG, both of which are national member associations of PensionsEurope (last checked September 2023).
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz Global Investors Europe GmbH is a corporate member of PensionsEurope. As of January 2022, Allianz does no longer appear to be a corporate member of PensionsEurope.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz is a member of PensioPlus and AFG, both of which are national member associations of PensionsEurope (last checked September 2023).
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Allianz Global Investors Europe GmbH is a corporate member of PensionsEurope. As of January 2022, Allianz does no longer appear to be a corporate member of PensionsEurope.
not specified
Allianz's ESG Board has oversight of the Allianz Group Climate Change Strategy and the integration of climate change and ESG aspects into core lines of business. It is responsible for steering the corporate responsibility agenda, including climate-related topics. Management-level positions and committees are assigned clear climate-related responsibilities. There are clear processes in place to ensure the board is informed and monitors the progress of climate-related issues and initiatives.
It is transparent about climate-related risks and opportunities on its asset management and insurance business activities. Its asset management arm, Allianz GI has clearly defined the climate-related risks and opportunities it considers relevant to its business over different time horizons. Meanwhile, in its group sustainability report, Allianz SE outlines the asset and business value impact of various sectors under transition scenarios between 2020 and 2040 in 5 year intervals, but does not appear to disclose climate-related opportunities over different time horizons.
Allianz is transparent about the impact of climate-related risks and opportunities on its corporate strategy and financial planning in its TCFD report, 2018, 2019, and 2020 group sustainability reports and CDP responses.
The organization appears to have tested the resilience of its business strategy using a range of scenarios, including those consistent with a 2°C or lower warming climate-scenario. It outlines various examples of climate scenario analyses in its 2018, 2019, and 2020 group sustainability reports and plans to develop comprehensive quantitative scenario analysis covering investments and underwriting in 2021.
Allianz references some processes for identifying and assessing climate-related risks. For example, it uses tools such as the Allianz Risk Capital Model which assesses natural catastrophe events and conducts yearly Top Risk Assessments with the aim to identify and manage various risks. Meanwhile, Allianz GI conducts pilot tests on a range of selected portfolios to better understand the impacts of climate-related risks and opportunities on its portfolios. Additionally, the organization considers climate-related risks in its assessments of multiple risk categories.
The organization has processes for managing climate-related risks, for example, Allianz has various processes for natural catastrophes, climate and ESG-related risk governance, as well as an ESG Integration Framework that sets out standards and policies for various sectors within its insurance operations.
Allianz appears to have integrated climate-related risks into its overall risk management approach. For example, Allianz’s ESG approach integrates climate-related considerations across underwriting, investment, and asset management activities.
The organization highlights various metrics used to measure climate-related risks and opportunities in its sustainability reports and TCFD reporting. This includes metrics on environmental performance, investment exposure, and the carbon intensity of portfolios. Furthermore, Allianz incorporates the management of material climate-related risks into remuneration policies.
Allianz transparently discloses Scope 1, Scope 2, and relevant Scope 3 emissions data, including 'financed' emissions. For example, it discloses sector AUM, % equity AUM, absolute and relative emission data, and weighted average carbon intensity data for its listed equity portfolio and corporate bond portfolio. These metrics are also available broken down into 5 key climate sectors, and by region. Although this data is available at high granularity, listed equity only represents 5.3% of the groups AUM, and corporate bonds 30.2%.
Allianz is a leading member of the Net Zero Asset Owner Alliance and committed to drive portfolios to net zero emissions by 2050. It is also a founding member of the Net Zero Asset Managers initiative and the Net Zero Insurance Alliance. It has set some interim 2025 targets, and in its 2021 Sustainability Report, Allianz appears to have achieved elements of these ahead of schedule.
Allianz appears to be aligning its activities with IPCC guidance on the role for coal in the energy mix up to 2030. It has set project finance and insurance restrictions and is phasing out of coal-based business models, reducing its threshold to 15% by 2025 and eventually 0% by 2040. Allianz further strengthened its coal policy in May 2021, and it states that this policy has been independently verified as aligned with IPCC’s 1.5°C scenarios.
With regard to oil and gas, in April 2022, Allianz released a statement on Oil and Gas. It has committed, as of January 2023, to no longer support projects involving the exploration and development of new oil and new gas fields (upstream), the construction of new midstream infrastructure related to oil and the construction of new oil power plants. Referencing existing restrictions, it will also not support new and existing projects in the Arctic, Antarctic, coal-bed methane, extra heavy oil and oil sands, and ultra deep sea projects. Additionally, by January 2025, it expects all companies to have set 1.5 degree aligned science based targets and align disclosures with the CA100+ benchmark with specific reference to the alignment of capital expenditures and corporate lobbying the organization appears to provide financial services assuming the client meets screening and assessment criteria.
Allianz appears to support a future role of nuclear in the energy mix, and similarly requires the client to be screened and assessed on various criteria, including meeting international safety standards. Additionally, it has communicated support for a low-carbon economy and is acting through facilitating sustainable investment in renewables and by providing insurance for low-carbon technologies.
FinanceMap’s Climate Governance and Policies analysis assesses statements financial institutions (FIs) are making on how they are incorporating climate issues into their decision-making and operations using FinanceMap’s matrix methodology. This methodology is adapted from the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and guidelines, Net-Zero Banking Alliance (NZBA) or equivalent Glasgow Financial Alliance for Net-Zero (GFANZ) initiative reporting, and IPCC and IEA technology statements. The TCFD provide guidance on 11 recommendations across four areas which are reflected in our matrix: Governance, Strategy, Risk Management, and Metrics and Targets. Additional benchmarks have been introduced to strengthen the ambition of scoring criteria in the assessment of targets, which are supplemented by guidance from the NZBA or equivalent GFANZ initiatives.
Additionally, Science-Based Policy (SBP) benchmarks are used to measure alignment of an FIs technology positions with the science of climate change. These benchmarks are applied to an FIs internal policies on technologies including coal, oil, gas, nuclear, and renewables and also assesses its engagement with broader climate and energy policy issues such as advocacy on the role and importance of different strategy types in the future energy mix.
For each TCFD recommendation and technology, FIs statements are applied to a five point scoring scale ranging from +2 to -2, measuring alignment with the relevant benchmarks. The detailed scores for this FI are displayed below within each matrix cell.
The following table outlines the key queries and data sources, which FinanceMap uses to assess financial institutions climate governance, targets and policies. Every evidence piece is assessed on a five-point scale of -2,-1,0,1,2 or NA (not applicable)/NS (not scored). All queries, data sources, and evidence pieces are weighted against one another in a matrix system to arrive at a final top-level score. Clicking on specific cells will load the underlying evidence and information on how it has been assessed.
Open PDF file of Data Source