EIOPA conducted a public consultation on the paper “Application guidance on running climate change materiality assessment and using climate change scenarios in the ORSA”, which ran from 10 December 2021 until 10 February 2022. (Final guidance here)
EIOPA received 22 stakeholder responses to the public consultation and members will find below a high-level overview of the main changes made by EIOPA. EIOPA published a feedback statement (here) and in addition the secretariat of Insurance Europe assessed the main changes:
Main changes included in EIOPA’s application guidance on how to reflect climate change in ORSA.pdf