Financial flows of five leading banks in Sweden since the Paris Agreement

With at least two times the number of participants in the 2017 assessment, the participation of 179 actors covered approximately 80% of the actors in the market, across climate-relevant financial sectors and asset classes comprising insurance companies, commercial banks, pension funds and asset managers. [...] Additionally, the study revealed continued investment by the Swiss financial market in the expansion of oil production and coal mining, congruent with the Liechtenstein case, that exposes these institutions to significant risks now and in the future. [...] The scenario analysis is expected to give a snapshot of the banks’ exposure to climate-related sectors and risks, with the view to understanding the compatibility of these portfolio exposures to and financing for the Paris Agreement’s Article 2.1c. [...] The pool of institutions, therefore, is not a full representation of the Swedish financial industry, but the results should give a fair indication of the current alignment to the Paris Agreement principles. [...] This exercise gives insights into the composition of the customers and the magnitude of available financing for projects, which informs the interpretation of the results from our core analyses based on actual deals.