Transition plans are increasingly becoming a key focus area for policymakers and regulators across jurisdictions. At the same time, an increasing number of banks have developed their own transition plans and are deploying multiple levers to operationalize these plans, including supporting client transitions, adapting portfolio composition and contributing to systemic change.
However, despite the various regulatory or voluntary initiatives related to transition plans, there is a lack of standardization regarding what these transition plans should entail in terms of the scope and structure of information as well as its breadth and depth.
Building on previous work of the UNEP FI and other organizations, this technical note provides examples of how banks are implementing the various components of their transition plans complementing the UNEP FI Guide to Transition Plans for Banks.
