Finance

Climate reporting provides an important basis for decision-making and increases trust in sustainability.

Climate reporting from businesses should involve:

Reporting on greenhouse gas emissions (scope 1-3)
Verifiable goals set for emission reductions
Climate risk reporting in line with TCFD

The members of Skift commit to reporting in line with this from 2021 and onwards, and presented this along with our second aggregated emissions report for the Norwegian prime minister, Erna Solberg, in October 2020. Skift also stresses the importance of starting to align activities with the EU taxonomy for sustainable activities.

In addition to demanding good reporting, the finance industry must increasingly support green business development and the use of instruments targeted at triggering investments in the business sectors Norway wishes to strengthen. Skift wants to participate in the public debate to make this visible and to contribute to interdisciplinary and cross-sector working groups to prepare strategies that can accelerate green business development.

We want to challenge the authorities to choose which industries we particularly want to focus on and stimulate investment in these through the active use of electrification, floating offshore wind, and hydrogen.

Read the Skift-note on climate reporting and credible customer communication here. (August 2020, the note is in Norwegian)

Read the Skift-note on the financial industry's role in green business development here. (August 2020, the note is in Norwegian)