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  "documentTitle": "Sustainability Risk Under Solvency II",
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      "text": "The equity valuation step relies on classical basic equity valuation data available from typical data providers. Further ESG data that is incorporated within the valuation step is also available from the same sources.\nFor scenario data, we are looking to employ published IAM results from academic working groups. A typical reference is the LIMITS database. The NGFS has also published a set of relevant climate transition risk scenarios, which are based on the same IAMs as LIMITS.\nFor calibration of a baseline scenario which is to be shocked, there are two possibilities:\n- employ public databases such as the World Bank or OWID in order to construct accurate scenario data for the status quo\n- take an available scenario from the IAMs either from the predefined baseline scenarios, or by expert judgement.\nThe EU Taxonomy on Sustainable Finance is expected to enter into force in 2021. Integration of newly available data from the taxonomy is expected to significantly improve the possible granularity of the suggested valuation framework.",
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      "text": "Our approach relies on data that is directly available either from sources present within typical insurance companies or subject of published academic research:",
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      "text": "1. https://tntcat.iiasa.ac.at/LIMITSDB/\n2. NGFS, NGFS Climate Scenarios for central banks and supervisors (June 2020)\n3. https://carbonpricingdashboard.worldbank.org/\n4. https://ourworldindata.org/\n5. EU Technical Expert Group on Sustainable Finance, Taxonomy Report and Technical Annex, (June 2019/March 2020)",
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      "kind": "title",
      "text": "DATA AVAILABILITY IS GENERALLY AN ISSUE WHEN IT COMES TO THE ASSESSMENT OF CLIMATE CHANGE RELATED RISKS",
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      "text": "Practical considerations on data availability",
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