Bank Transition Disclosure

In the role of originators, issuers, and lenders of credit and other financial products, banks have a pivotal role to play in the net-zero transition. To facilitate this, banks are encouraged to develop, publish, and implement transition plans that articulate how they will reach net zero.

This paper aims to provide banks with best practice guidance for preparation and disclosure of their transition plans, focussing on enhancing transparency, consistency, and scope. While the guidance incorporates current practices and disclosures, it transcends them in many cases in order to encourage and support banks to plan ahead for future rounds of transition planning and disclosure. Thus stretching them to expand their transition planning and implementation to enable the rapid transition called for.