The transition to low-carbon, climate-resilient economies is not only a technical challenge – it is a social one. Transition pathways that fail to address the needs of workers, communities, and vulnerable populations face growing political and operational risk, while those designed with equity and inclusion at their core are more credible, durable, and effective. Financial institutions play an important role in enabling and financing these pathways. 

This report draws on a yearlong initiative that convened over a dozen banks and insurers for peer exchange and expert input to document how just transition considerations are being integrated across banking and insurance and highlight emerging practices. The report concludes with ten recommendations for financial institutions. 

The main focus is a set of case studies, listed below, which illustrate how participating institutions are embedding just transition in their strategies, processes, products, and partnerships. These institutions are at different stages of engagement, from early strategic positioning to operational integration, and in contexts shaped by different regulatory environments, sectoral exposures, and development priorities. The diversity of the group is a deliberate feature of this programme and the evidence base it has produced.  

Case studies