Application guidance on running climate change materiality assessment and using climate change scenarios in the ORSA

On 10 December 2021 the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the application guidance on running climate change materiality assessments and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA). This consultation is a follow-up from EIOPA’s Opinion published in April 2021 and aims to provide guidance on the use of climate change scenarios in the ORSA.