Job Opening

Posting Title: UNEP Finance Initiative (UNEP FI ) Consultant - Lead Author on Financial Stability Board’s (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) – Investors Pilot Group
Department/Office: United Nations Environment Programme
Duty Station: GENEVA
Posting Period: 20 December 2018 - 07 January 2019
Job Opening Number: 18-United Nations Environment Programme-109124-Consultant
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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Result of Service

A UNEPFI report, published in QTR 2 of 2019, that:

• starting from the Carbon Delta method as well as from the experiences made by the investors in the pilot group, is able to document the ‘lay of the land’ when it comes to the technicalities and methodological approaches related to TCFD adoption by investors, and as such,

• is able to stimulate and ease TCFD adoption by the wider investment industry

Work Location

Working Remotely.

Expected duration

The duration of the contract will be from 15 January 2018 to 15 June 2019.

Duties and Responsibilities

The United Nations Environment Programme Finance Initiative (UNEP FI) is a strategic public-private partnership between UNEP and the global financial sector. UNEP FI works with approximately 200 financial institutions, which are signatories to the UNEP FI Statements of Environmental Commitment, and a range of partners and organisations, to develop and promote linkages between the environment, sustainability and financial performance.
In the domain of environmental and climate-related disclosures in the finance sector UNEP FI, together with twenty of the world’s leading investors, is working on developing guidelines towards a first set of climate-related investor disclosures in alignment with the recommendations of the Financial Stability Board’s (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).
This pilot project will use and bring together scenarios, models and metrics to enable scenario-based, forward-looking assessment and disclosure of climate-related risks and opportunities, as envisioned by Pillars 2 and 4 in the TCFD framework. The outputs and conclusions of this group are meant to stimulate and ease TCFD adoption by the wider industry.
The only publicly-available deliverable of this work will be a UNEP FI report, due in 2nd QTR of 2019 that will:
1 Recapitulate on the novelty and innovation brought on by the TCFD framework, and its relevance for investors – asset owners and managers – both as consumers but also as issuers of climate-related disclosures
2 Recapitulate on the mandate and objectives – but also, potentially, the limitations - of the TCFD framework, especially as they pertain to financial stability outcomes on the one hand, and, climate change mitigation and adaptation outcomes on the other.
3 Present a logical framework / sequencing for scenario-based risk & opportunity assessments by investors that includes ‘steps’ and ‘measures’ like: choosing the right scenarios; estimating scenario impacts at company level; estimating scenario impacts at country or sector level; estimating scenario impacts at portfolio level; etc.
4 Based on the logical framework presented above, present the methodological and modeling approach developed by Carbon Delta (and relied on by the investors in the pilot group to date), highlighting any assumptions made, putting it into context of any methodological alternatives, and, to the extent possible, elaborating on strengths and weaknesses of each alternative
5 Present the experiences made by the investors in the group in the form of case studies, avoiding repetition, and, presenting and interpreting - to the extent possible – any modelling results to date as well as summarizing the lessons learned for the next generation of users
6 Offer an analysis of the meaningfulness of the results at hand, of the challenges that investors still face when it comes to scenario-based analysis, highlighting future avenues for action, and drawing conclusions that are relevant to global action on climate change

UNEP FI needs a consultant to:

1 Accept and edit text from Carbon Delta on all matters related to the Carbon Delta methodology, modelling, and underlying corporate and scenario data. All edits to Carbon Delta’s inputs would have to be shown to Carbon Delta.
2 Accept and edit case studies from the investors to ensure that a majority of them can be included in the report without creating repetition.
3 Conduct interviews with Carbon Delta, the investors, TCFD members, investors not in pilot group but who are considering TCFD implementation and any third parties as required; and carry out desktop research to be able to present the Carbon Delta approach in context, and relative to alternative methodological steps, and alternative assumptions.
4 Integrate all pieces at hand by drafting a final report that includes all items mentioned above.

Outputs of services:
1 Draft and agreed-on tables of contents (TOCs) for the report (electronic submission)
2 Report development plan and schedule (electronic submission)
3 Interviews with the UNEP FI Secretariat, Carbon Delta, investors from the pilot group, and any additional third parties as required (virtually or in-person)
4 First draft of report (electronic submission)
5 Second draft of report (electronic submission)
6 First draft of Executive Summary (electronic submission)
7 Second draft of Executive Summary (electronic submission)

Specific tasks and responsibilities

The consultant will:
1 Accept, edit, and if required re-draft, text from Carbon Delta on all matters related to the Carbon Delta methodology, modelling, and underlying corporate and scenario data. All edits to Carbon Delta’s inputs would have to be shown to Carbon Delta.
2 Accept, edit, and if required re-draft, case studies from the investors to ensure that a majority of them can be included in the report without creating repetition.
3 Conduct interviews with Carbon Delta, the investors, and any third parties as required; and carry out desktop research to be able to present the Carbon Delta approach in context, and relative to alternative methodological steps, and alternative assumptions.
4 Integrate all input by drafting a final report that includes all items mentioned above and reflected in the agreed-on Table of Contents.

Qualifications/special skills

Skills: The consultant(s) should have extensive knowledge of, and a proven track record in climate change, and how this relates to financial sector operations. In particular, the consultant should have an understanding of scenario-based approaches for the assessment of financial risks and opportunities.

Academic Qualifications: A Master’s University degree in economics, finance, environmental studies, international relations, business administration or related fields.

Experience: At least 5 years of experience in international organisations, the financial services sector, private sector or NGOs examining the intersection between sustainable development - particularly climate change - and commercial risk & opportunity, especially from the perspective of financial institutions.

Language: English is the working language of UNEP FI. English is mandatory for this consultancy. Knowledge of other United Nations languages is an asset.

No Fee

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.

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