Supporting climate risk analysis in Japan
Following our successful application for the Japan Financial Services Agency (JFSA) special research fellowship, we are proud to announce a new partnership to conduct an impact evaluation of climate-related risks to Japan’s financial stability. The project will be led by Jakob Thomae, managing director at 2° Investing Initiative, and Hugues Chenet, co-founder and board member at 2°ii France.
This partnership represents an important expansion of our flagship climate scenario methodology, following our work with supervisors including the Bank of England, the California Insurance Commissioner, and the European Insurance and Occupational Pension Authority (EIOPA), as well as with 17 international banks (representing $3 trillion in loans analyzed). Additionally, prior to the launch of our partnership with JFSA, 13 Japanese asset owners have already applied the PACTA tool to their portfolios.
We look forward to sharing more about this exciting new partnership in the coming months.