Welcome to the 1in1000 Life Pacta 2.0 Project

Our Partners

The project is designed to support the implementation of the EU Sustainable Finance Action Plan and the Paris Agreement commitment related to Art. 2.1c ("aligning financial flows with climate goals").

Our main objectives are to:

  1. Support the implementation of the new ESA mandate

  2. Build capacity among financial policymakers

  3. Increase transparency around climate-related risk and ensure compliance by regulated entities

  4. Broaden stakeholder involvement

To achieve these objectives, we have developed the 1in1000 Stress Testing Model Suite, which is based on a state of the art methodology on capturing different climate related risks and codeveloped by THEIA Finance Labs (former 2DII Germany) and the Oxford Sustainable Finance Group.

Use the links below to explore our Work or read the Project’s Laymans Report and our report on the future of stress testing beyond this Project.

Project Work Packages

  • This implementation action focuses on developing the methodology and deploying software to assess transition, physical and legal risk arising from the transition to a low carbon economy and climate change on both the asset and the liability-side of EU insurers' portfolios. This will be applied with EU supervisors to inform on the sensitivities of EU regulated entities Solvency Capital Requirements (SCR) to long-term climate risks, and to provide early warning systems for supervisors.

    Packages include:

    C1.1 Quality Control

    C1.2 Development of physical risk model

    C1.3. Development of legal risk model

    C1.4 Development of the stress testing model

    C1.5. Deployment of assessment and training

  • This implementation action focuses on developing the methodology and deploying software to assess transition, physical and legal risk arising from the transition to a low carbon economy and climate change on EU regulated banks' lending portfolios. This will be applied with EU financial supervisors to inform on the sensitivities of regulated entities capital requirements to long-term climate risks, and to provide them with early warning systems.

    Packages include:

    C2.1. Modification of LIFE AFFEAP transition risk software to use AnaCredit reported data.

    C2.2. Modification of the physical risk, legal risk and stress testing model developed inImplementation Action C1

    C2.3 Deployment of the assessment software.

  • This implementation action focuses on the development of an interactive reporting template and deployment of an online results portal. The interactive reporting template will be used for all participating national and EU level supervisors. The online portal will be used by at least two supervisors/policy makers to disseminate the assessment results of Implementation actions C1 and C2. The main targeted user of the portal will be national level supervisors and policy makers, as well as regulated entities, but it will also act to inform other stakeholders and the general public

    Packages include:

    C.3.1. Develop results interface

    C.3.2. Communication of methodology

    C.3.3. Development of global chart interactivity and expanded content

    C.3.4. Inclusion of different benchmarks

    C.3.5. Develop PDF printing options

    C.3.6. Road testing and feedback

  • Supporting the implementation of financial supervisory actions on the basis of the results of the previous LIFE PACTA project and the C1 and C2 actions

    Packages include:

    C.4.1. Development of supervisory briefings

    C.4.2. Supporting a supervisory intervention

    C.4.3. Scaling the insights to national supervisory authorities

    C.4.4. Linkages to NGFS

    C.4.5..Development of supervisory toolbox

  • This work package involves the monitoring of the progress on the project and its impact.

    Packages include:

    D.1.1. Milestones

    D.1.2. Data collection on impact indicators / surveys

    D.1.3. Continuous review of progress

    D.1.4. Impact assessment

  • E.1.1. Project Website

    E.1.2. Media releases & digital media outreach

    E.1.3. Workshops & guest speaking

    E.1.4. Bilateral meetings & calls

    E.1.5. Webinars & online trainings

    E.1.6. Engagement with associations and initiatives

  • This work package involves all the tasks related to the management of the project.

    Packages include:

    F.1.1. Accounting & financial management of the project

    F.1.2. Recruitment, staffing and contracts

    F.1.3. Resource management and procurement

    F.1.4. Ensuring synergies

    F.1.5. Reporting

For any inquiries, feel free to contact us!