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  "documentTitle": "Sustainability Risk Under Solvency II",
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  "authorName": "Oliver Wyman",
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      "text": "Competent authorities should require undertakings to integrate climate change risks in their system of governance, risk-management system and ORSA, in line with Solvency II regulation, guidelines, and the Opinion of Sustainability within Solvency II.",
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      "text": "EIOPA acknowledges that undertakings may use qualitative scenarios as a first step to help management explore the potential range of climate change related risks implications. Where appropriate, especially if the risk exposure is material, this qualitative approach should be complemented with quantitative scenarios.",
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      "text": "Competent authorities should require undertakings to integrate climate change risks in their system of governance, risk-management system and ORSA, in line with Solvency II regulation, guidelines, and the Opinion of Sustainability within Solvency II. (EIOPA)",
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      "kind": "source-note",
      "text": "1. EIOPA. (2020). Consultation paper on the draft opinion on climate scenarios in ORSA (EIOPA-BoS-20/256).\n2. EIOPA. (2019). Opinion on Sustainability within Solvency II (EIOPA-BoS-19/241).",
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      "text": "EIOPA HAS MADE CLEAR THAT CLIMATE RISKS ARE TO BE ADDRESSED WITHIN THE SOLVENCY II FRAMEWORK",
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