Strengthening the Climate Information Architecture

Year Published

2021

Contributing Organizations

International Monetary Fund (IMF)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Disclosure Standards

Topic 2

Climate Finance Ecosystem

Topic 3

Core Climate Capabilities

Target Audience

All

Relevant Geography

Global

Resource Description

This note outlines how to strengthen global climate information architecture to improve transparency, comparability, and confidence in sustainable finance. It provides a framework for data, disclosure, and classification systems.

Why This Matters

Robust and consistent climate information is key to price risks, safeguard financial stability, and mobilize sustainable investment at the scale needed to meet climate goals.

Key Insights

Identifies three building blocks: (1) high-quality, reliable, and comparable data, (2) globally harmonized climate disclosure standards, and (3) principles for climate finance taxonomies
Highlights major data gaps, especially in forward-looking and Scope 3 emissions data, with SMEs facing high reporting burdens
Stresses the urgency of harmonized disclosure standards, building on IFRS and TCFD, to avoid fragmentation
Calls for globally consistent taxonomy principles to reduce greenwashing, improve comparability, and guide transition investments

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