— The Implied Temperature Rise is a forward-looking metric
used to try and measure the alignment of a portfolio or an
asset class with the Paris agreement, i.e to limit global warming
to below 2°C by 2100 compared to preindustrial levels. The
data lacks robustness and is still being adjusted with models
and methodologies that are improving regularly. Rather than
the absolute level of portfolio temperature, SCOR prefers to
consider the trend. As in the past, SCOR has selected
Carbon 4(1) for this assessment. According to the 2020 model
changes implemented by Carbon 4(2), the measurement is
stable year on year at 2.8°C (would have been stable at 3.1°C
before changes in methodologies). 