Why? It ensures that all teams and functions within the organization have the necessary background, knowledge, expertise, and resources to perform the functions demanded of them to implement the institution’s climate strategy.
How? Needs for capacity building will vary from one institution to another and between the different departments of institutions. Capacity building activities may be developed to raise awareness on the basics of climate change and the institution’s climate strategy within all functions of the institution. Financial institutions also develop tailored trainings for the departments that will need to use specific tools, develop new expertise etc. These programs may be developed by climate/sustainability teams or by external partners.