OSFI B-15 climate reporting made easy
Automate and confidently report your emissions and climate data to OSFI
OSFI B-15 Climate Risk Management: Building Capacity to Meet New Regulations While Managing Costs
Download the white paper co-authored by EY and Carbonhound to better understand the B-15 Guideline and an optimized approach to meeting regulations.
Companies trust Carbonhound to manage and report on their climate data, including financed emissions.
"Collecting and organizing the right data for our greenhouse gas emissions reporting is a tedious process that takes valuable time away from the important sustainability work at hand. With Carbonhound, we are able to automate the data management and feel confident in our reports."
Steve Baker, Director of Facilities
We support YNCU through our partnership with Sustainable Waterloo Region
Set yourself up to report against OSFI’s B-15 guidance
The data produced by Carbonhound is the foundation of most of the B-15 guidance. We’ll help you start with estimates and move towards real data to improve your PCAF Data Quality Score in the future.
- Requires data provided by Carbonhound
- Covered by our network of partners or the FRFI
Metrics and Targets
- Disclose the metrics used by the FRFI to assess climate-related risks and opportunities in line with its strategy and risk management process.
- Disclose the FRFI's Scope 1 and Scope 2 greenhouse gas (GHG) emissions (absolute basis) for the period.
- Disclose the reporting standard used by the FRFI to calculate and disclose the GHG emissions.
- Disclose the FRFI's Scope 3 greenhouse gas (GHG) emissions for the period (absolute basis), and the related risks.
- Disclose the reporting standard used by the FRFI to calculate and disclose the GHG emissions.
- Describe the targets used by the FRFI to manage climate-related risks and opportunities and the FRFI's performance against these targets.
- Disclose any public climate-related commitment(s), if the FRFI has made one or more, whether through an industry-led Net-Zero alliance (e.g., Net-Zero Banking Alliance, Net-Zero Insurance Alliance, other) or otherwise
Carbonhound also covers financed emissions, which are aligned to PCAF Standards
Governance
- Describe the board-level and management-level oversight of climate-related risks & opportunities.
- Describe management’s role in assessing and managing climate-related risks and opportunities.
Strategy
- Describe the climate-related risks and opportunities the FRFI has identified over the short, medium, and long term.
- Describe the impact of climate-related risks and opportunities on the FRFI's businesses, strategy, and financial planning.
- Describe the FRFI's climate transition plan.
- Describe the resilience of the FRFI's strategy, taking into consideration different climate-related scenarios, including a scenario which limits warming to the level aligned with the latest international agreement on climate change, or lower.
Risk Management
- Describe the FRFI's processes for identifying and assessing climate-related risks.
- Describe the FRFI's processes for managing climate-related risks.
- Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the FRFI's overall risk management.
Your climate data, aligned to ISSB and PCAF standards
Our methodology is validated by a third-party against ISO-14064 and GHG Protocol
- Supports Scope 3 including financed emissions
- Automated data connections to your sources
- Expert advice for a fraction of the price
- Improve your PCAF score with real data
ISO certified verifications
Approved by the CLA
As seen in
What are the OSFI B-15 Guidelines?
OSFI B-15 sets the expectation for how regulated financial institutions should measure and manage climate-related risks.
Depending on the size of the institution, the reporting timelines require submissions to OSFI at fiscal year-end 2024 or 2025. This transition period provides them the time needed to prepare and ensure compliance.
The guideline outlines how to address physical and transition risks both qualitatively (strategies, governance, etc.) and quantitatively (monitoring and reporting, including greenhouse gas emissions).
Office of the Superintendent of Financial Institutions (OSFI) regulates and supervises more than 400 federally regulated financial institutions (FRFIs). The B-15 guideline applies to FRFIs except foreign bank branches.
The time it takes to prepare for B-15 varies greatly depending on what data you are already measuring and reporting. Full submissions can take up to 5-9 months normally, but with Carbonhound we can reduce this by over 50% by automating your climate data ingestion and management.
Carbonhound helps automate the time-intensive carbon emission elements of the B-15 guideline. Our partners also support and automate the qualitative elements of the guideline, making us a one-stop-shop for B-15 compliance.
How Carbonhound increases
the capacity of your team
PCAF Alignment
Use our PCAF-aligned models & data, and don’t worry: we update the models for you as
PCAF guidance evolves
Value for Money
Our platform does all the heavy lifting so it is 50% less expensive than manual consultant led alternatives or hiring someone internally.
Financed Emissions
Work with our climate experts to calculate financed emissions and upgrade your data quality score.
Want to learn how we can help with B-15?
Leave us a note and we’ll get in touch ASAP!
