Skip to main content
Thermometer with bright sun and blue sky

In this project, Climate-KIC convened a group of representatives from science and the finance sector to develop guidelines for disclosure under the Task Force on Climate-related Financial Disclosures (TCFD) recommendations on physical risk for the Australian finance sector. ISF was commissioned by Climate-KIC to provide survey design and delivery and additional input to the process and outputs.

The Climate Measurement Standards Initiative (CMSI) developed guidance for asset owners, banks, insurers and traders of private and residential property in Australia, and for institutions whose role it is to oversee financial and community stability. The aim is that the guidelines will support consistent and comparable financial disclosure under TCFD recommendations.

CMSI appointed a finance committee, a science committee and an application committee which together engaged more than 120 industry experts. The science committee advised on relevant scientific methods, data and uncertainties for climate scenario analysis, the finance committee developed the financial disclosure guidelines and the applications committee provided feedback on the practicality of the scientific and financial disclosure guidelines.

The outputs from the project include:

  • A guide for Australian banks, general insurers and asset owners, titled ‘Scenario analysis of climate-related physical risk for buildings and infrastructure: Financial disclosure guidelines’.
  • A report that describes the scientific basis for producing climate projections and scenarios, titled ‘Scenario analysis of climate-related physical risk for buildings and infrastructure: climate science guidance.’

RESEARCH OUTPUTS

 

Climate Measurement Standards Initiative (Website)

Researchers

Year

  • 2020

Client

  • Climate-KIC Australia

SDGs  

Icon for SDG 8 Decent work and economic growth

This project is working towards UN Sustainable Development Goal 8. 

Read about ISF's SDG work

 

Contact us

t: +61 2 9514 4950
e: isf@uts.edu.au

Level 10, UTS Building 10
235 Jones Street
Ultimo NSW 2007, Australia
Directions

Contact us for media requests and other enquiries

Subscribe to our newsletter