PACTA 2020

PACTA 2020 Initiative - Coordinated Climate Alignment Assessment

Registration and portfolio upload

Schweiz / Suisse / Switzerland

Liechtenstein

Updates

  • The registration period for Switzerland and Liechtenstein has now ended. We expect to release individual reports as well as a meta-report for each country in late October / early November.
  • The registration period for Austria is open until August 14th. Banks who wish to participate in the loanbook evaluation, please contact us via this email: pacta2020@2degrees-investing.org.

 

Upcoming Events

Webinar: Understanding the PACTA results

10 September 2020, 15-16:30h

The webinar is primarily aimed at consulting firms and NGOs in Switzerland interested in understanding the open-source PACTA model and the interpretation of test results in order to offer possible consulting services based on the test results and/or other services based on the PACTA modules.

Briefing for investors

For more information about the initiative, please refer to the briefing document available below in English, French, and German.

PACTA 2020 Initiative - Participation for banks

Initially, the scope of the PACTA 2020 assessments focused on investment portfolios. Later, 2DII and several European banks collaborated to develop a framework to evaluate banks' loan books using the PACTA methodology.

As a result, banks have also been invited to join the PACTA 2020 initiative.

For more information about how banks can participate in the initiative, please contact pacta2020@2degrees-investing.org.

PACTA Knowledge Hub

For more information about the PACTA methodology, FAQs, as well as the 2020 Climate Alignment Assessment and procedures for participating, please refer to this newly established Wiki page.

 

More about the PACTA 2020 Initative

Ahead of the UN Climate Action Summit 2019, the governments of Switzerland and the Netherlands presented a new initiative to measure and align financial flows with the Paris Agreement’s 1.5°C goal.

Under the terms of the pledge, participating governments and financial institutions will use the PACTA methodology devised by 2° Investing Initiative to compare their investments and financing with climate benchmarks.

The first assessments started in early 2020 and involve the governments of Austria, Denmark, Italy, Luxembourg, Norway, Portugal, Spain, and Sweden, in addition to Switzerland and the Netherlands. Private financial institutions, their industry representatives, public financial institutions, and supervisory authorities can also voluntarily participate. The expanded model will later be made available for asset managers and banks, in addition to Swiss pension funds and insurance companies.

Background: 2DII’s 2017 collaboration with the Swiss Federal Office for the Environment

This initiative is based on a successful pilot project that 2DII ran in partnership with the Swiss government. In 2017, the Federal Office for the Environment and the State Secretariat for International Finance invited pension funds and insurance companies to use the PACTA methodology to test the climate compatibility of their investments. 79 pension funds and insurance companies, representing about two-thirds of the total market as measured by assets under management, used the PACTA methodology to test their portfolios for climate compatibility. Following the exercise, 40% of participants said that the analysis triggered climate-related actions.

Thanks to the success of this engagement, Switzerland and the Netherlands joined forces to launch the 2020 PACTA initiative to measure and align financial flows with the Paris Agreement’s 1.5°C goal.

For more information on the 2017 assessment, see our report: “Out of the fog: Quantifying the alignment of Swiss pension funds and insurances with the Paris agreement.”

Past Events

Webinar: Enhancing Transparency & Aligning Private Financial Flows with the Paris Agreement

11 November 2019

This technical webinar focused on ways to use the PACTA model to measure the alignment of equity/corporate bond portfolios and global bank loans with the Paris Agreement. It also addressed operational questions about how to participate in the PACTA 2020 coordinated assessments. Speakers included:

  • Jakob Thomä, Managing Director at 2° Investing Initiative
  • Silvia Ruprecht, Senior climate policy advisor in the Swiss Federal Office for the Environment FOEN

A recording of the webinar is available here.