Breaking the Code

The report examines the evolving role of private financial institutions in the low-carbon transition, focusing on the alignment of portfolios with the Paris Agreement, the implementation of sustainable taxonomies, and the regulatory pressure to price climate risks effectively.

• Private financial institutions, including asset owners and lenders managing tens of trillions in assets, are transitioning from merely considering climate risks to aligning their portfolios with the Paris Agreement.
• Global policymakers and regulators are implementing tools to direct capital toward sustainable activities and ensure climate risks are priced into markets, while supervisors are increasing their scrutiny of insurers and banks.
• Financial institutions face a complex landscape where structural barriers and legal obligations can limit their capacity to influence the real economy's decarbonization.

APA

RMI (2020). Breaking the Code. https://rmi.org/resources/breaking-the-code/

Chicago

RMI. Breaking the Code. 2020. https://rmi.org/resources/breaking-the-code/.

Wikipedia

{{cite report |author=RMI |title=Breaking the Code |date=28 July 2020 |url=https://rmi.org/resources/breaking-the-code/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2020breaking, author = {{RMI}}, title = {{Breaking the Code}}, institution = {RMI}, year = {2020}, month = jul, url = {https://rmi.org/resources/breaking-the-code/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }