News: Granary of Solutions platform launches to boost global sustainable initiatives. Read it here.
Parts of this site were translated using AI. Accuracy may vary.
News: Granary of Solutions platform launches to boost global sustainable initiatives. Read it here.
Parts of this site were translated using AI. Accuracy may vary.
20. Climate and sustainable finance, mainstreaming climate in investments and insurance
A transition plan is a component of a financial institution’s overall strategy that sets out targets, actions, and resources for transitioning to a lower-carbon economy. This includes measures such as reducing greenhouse gas emissions.
How this solution relates to the action agenda
Axis: Unleashing Enablers and Accelerators including on Financing, Technology and Capacity-Building
Key Objective: 20. Climate and sustainable finance, mainstreaming climate in investments and insurance
A transition plan can serve as a key strategic tool for a financial institution, helping to embed a long-term strategy for transition, risk management, and transition-related opportunities.
Sources:
Glasgow Financial Alliance for Net Zero (2024). GFANZ 2024 Progress Report. https://assets.bbhub.io/company/sites/63/2024/11/GFANZ-Progress-Report-2024.pdf
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