Anuschka HILKE
Finance Programme director – Financial regulation, Development financeAnuschka works on the integration of climate related aspects into finance and investment. She manages projects related to the analysis of climate risks and the alignment of financial portfolios with international climate goals. Her research covers the methodologies used, the integration of the results of such an analysis in investment strategies as well as the role of the regulatory framework.
Before joining I4CE, Anuschka has worked for 4 years at 2° Investing Initiative as a senior analyst and managed research projects related to methodology development (today named PACTA), climate reporting of financial institutions and the question of how non-financial investment objectives of retail clients are taken into account by financial advisers. Further work experiences includes work in the sustainable development team at the French Caisse de Dépôts et Consignations, as well as with the British Delegation to the OECD and the International Energy Agency. Anuschka started her carrier at the German development agency GIZ as a counsellor to the German Development Ministry on issues such as sustainable development, green growth and green fiscal reforms.
Anuschka holds a Masters degree in political science from University Potsdam (Germany) and a post-graduate certificate in Applied Environmental Economics from London University (SOAS).
Last contributions
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14/02/2024
Climate Report
Connecting the dots between climate risk management and transition finance
A report to clarify linkages between these two approaches to climate action for the financial sector. The mobilization of the sector is necessary to help to finance the low-carbon transition. Some stakeholders thus advocate the explicit mobilization of the sector in favor of financing the transition. This rationale for action is known as the “transition finance approach”. The sector is also exposed to the financial risks arising from climate change and the necessary transition. This observation motivates a rationale for action known as te “risk approach”, aimed at managing the exposure of financial institutions to such risks. -
05/12/2023
Climate Report
For an articulated approach to economic policy and financial regulation to deal with climate challenges
The net-zero transition, i.e. the transformation towards a carbon-neutral and resilient economy, is a major and urgent challenge for reducing the effects of climate change. This transformation requires the transition and adaptation of all activities and all economic agents. It is first and foremost a matter for the real economy and must be based on an operational roadmap of actions to be taken. This must be defined by an ambitious economic policy (budgetary, fiscal, monetary, regulation of products and sectors, etc.). -
01/12/2023
Special issues
Climate change and residential real estate: what are the risks for the banking sector?
Residential real estate in France is a key target for transition policies, and a the sector is highly exposed to climate risks. With While housing home loans accounting for almost 85% of outstanding household loans in France, it is legitimate to ask how climate risks are passed on from the real estate sector to banks. This article, written with the Banque de France, explores investigates the exposure of residential real estate to present and future climate risks - present and future - and as well as their transmission to bank the lending activities of the banking sector. -
31/03/2023
Foreword of the week
Sustainable Finance: the EU enters the final stretch
Elections of the European Parliament are coming up in June 2024 and will be followed by the renewal of the Commission. Hence, there are only a few months left to finalize the implementation of the renewed sustainable finance strategy adopted in 2021. This strategy aims, among other things, to increase the contribution of the financial sector to sustainability. It seems too early to already draw conclusions on how the Commission delivered on its objectives as some key legislative and supervisory processes are still under way. This newsletter focusses on some of these ongoing processes that receive quite some attention in the public debate
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17/03/2023
Foreword of the week
Net Zero Industry Act: Europe in the race for cleantech
The European Union still has a lot of work to do. Yesterday the European Commission published its Net Zero Industry Act, a piece of its response to the American Inflation Reduction Act, a necessary but still insufficient building block to keep the European Union in global cleantech race. It will also have to complete a number of directives and regulations to deliver its Green Deal. The EU election in 2024 is fast approaching, time is of the essence. -
17/02/2023
Foreword of the week
Climate transition plans for banks: European legislators on a razor’s edge
The proposal for mandatory climate transition plans for banks is slowly making its way through the regulatory debate. Proposed by the European Commission and confirmed by the EU Council, this proposal has now also been taken up by the European Parliament. This obligation could be a game-changer for financial risk management and the alignment of financial flows with the transition to a low-carbon economy. It could lead banks to limit their activities in climate-damaging activities, adjust their business models, review their strategies as well as their governance and risk management procedures. -
16/02/2023
Op-ed
Climate transition plans for banks: European legislators on a razor’s edge
The legislators in Europe are discussing the introduction of mandatory climate transition plans for banks. After the European Commission and the Council, the European parliament has adopted its position. Now trilogue negotiations between the three will begin. While all three seem to agree on the idea itself, differences remain in how these plans are defined. Anuschka Hilke, Director of the Finance program from the Institute for Climate Economics (I4CE), explains in this blog which parameters will be decisive for framing the ambition of this legislative proposal. -
08/06/2022
Climate Report
Scenario analysis of transition risk in finance – Towards strategic integration of deep uncertainty
The restructuring of the economy towards a low-carbon system will lead to develop activities that are aligned with the needs of a net zero economy, to restructure others in order to make them compatible with these needs and to stop harmful activities. The financial sector needs to anticipate these dynamics to address strategic risks and […] -
30/10/2021
Blog post
Finance at COP 26: Watch out for the unsexy
Expectations ahead of COP 26 in Glasgow regarding the contributions of the finance sector are high. Anuschka Hilke from [i4ce] explains that our expectations, however, may not currently be high enough. An impactful contribution to achieving climate goals will require the financial community to go beyond reducing their exposure to climate-related risks. -
16/07/2021
Climate Report
Climate stress tests: The integration of transition risk drivers at a sectoral level
Since 2018, and under the initiative of the NGFS, the network of central banks and supervisors for greening the financial system, several central banks and supervisors have begun to conduct their first climate stress test exercises to determine the vulnerability of financial institutions to climate-related risks. In order to help central banks to carry out this type of exercise, the NGFS published in 2020, its first guide to climate scenarios analysis that can be used in climate stress tests. -
20/05/2021
Climate Report
Taking climate-related disclosure to the next level – minimum requirements for financial institutions
In 2015, France pioneered requirements for climate-related disclosure from financial institutions, asking them to explain their strategy for integrating climate-related risks and for contributing to the achievement of the Paris Agreement objectives and the French national low-carbon strategy. Three years of implementation yielded mixed results and requirements are in the course of being updated in […]