Principles for Paris-aligned financial institutions

The statement criticizes current financial institution commitments to the Paris Agreement as lacking concrete action and proposes two primary principles for alignment: adopting a commitment by COP26 that all supported projects and companies align with 1.5°C, and implementing processes to measure, disclose, and phase out financed emissions based on science-based targets.

• The author asserts that current commitments from financial institutions to align with the Paris Agreement are ineffective because they lack concrete actions and sector-specific policies necessary to meet 2050 objectives.
• To ensure true alignment with the Paris Agreement, financial institutions are urged to adopt two main requirements by COP26: ensuring all supported projects and companies align with the 1.5°C limit, and establishing a process to measure and disclose climate impact while committing to a science-based plan to phase out financed emissions.
• According to the Coal Policy Tool, only 16 financial actors currently have a coal policy that aligns with the Paris Agreement.

APA

admin (2020). Principles for Paris-aligned financial institutions. Reclaim Finance. https://reclaimfinance.org/site/en/2020/09/16/statement-principles-for-paris-aligned-financial-institutions/

Chicago

admin. Principles for Paris-aligned financial institutions. Reclaim Finance, 2020. https://reclaimfinance.org/site/en/2020/09/16/statement-principles-for-paris-aligned-financial-institutions/.

Wikipedia

{{cite press release |last1=admin |title=Principles for Paris-aligned financial institutions |publisher=Reclaim Finance |date=16 September 2020 |url=https://reclaimfinance.org/site/en/2020/09/16/statement-principles-for-paris-aligned-financial-institutions/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020principles, author = {admin}, title = {{Principles for Paris-aligned financial institutions}}, publisher = {Reclaim Finance}, year = {2020}, month = sep, url = {https://reclaimfinance.org/site/en/2020/09/16/statement-principles-for-paris-aligned-financial-institutions/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }