Financial Institutions transition plans

The document argues that financial institutions shape the future economy and must use robust climate transition plans to avoid maintaining the current climate-wrecking status quo. It outlines essential criteria for these plans, including decarbonization targets, strategies, engagement, reporting, governance, biodiversity, and the just transition, while identifying 'red lines' that signify major gaps in existing plans.

• Financial institutions influence the future economy through lending, voting, and insurance; if they model the future on the present, they help maintain a "climate-wrecking status quo".
• Climate transition plans are increasingly used as a primary metric to evaluate whether financial companies are effectively addressing climate change within their strategies.
• Robust financial transition plans should incorporate specific criteria including emission and non-emission-based targets, sectoral policies, escalation strategies, governance, biodiversity, and the just transition.

APA

Martin, L. (2024). Financial Institutions transition plans. Reclaim Finance. https://reclaimfinance.org/site/en/2024/12/16/financial-institutions-transition-plans/

Chicago

Martin, Léo. Financial Institutions transition plans. Reclaim Finance, 2024. https://reclaimfinance.org/site/en/2024/12/16/financial-institutions-transition-plans/.

Wikipedia

{{cite report |last1=Martin |first1=Léo |title=Financial Institutions transition plans |publisher=Reclaim Finance |date=16 December 2024 |url=https://reclaimfinance.org/site/en/2024/12/16/financial-institutions-transition-plans/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{martin2024financial, author = {Martin, Léo}, title = {{Financial Institutions transition plans}}, institution = {Reclaim Finance}, year = {2024}, month = dec, url = {https://reclaimfinance.org/site/en/2024/12/16/financial-institutions-transition-plans/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }