Why? It can provide the substantial political and technical support that is needed for the development, implementation and update of an institution’s climate strategy.
How? Many institutions have created a crosscutting climate support unit or team to facilitate the uptake of the climate issue, trigger coordination and dialogue, provide technical capacity and support, and to channel any concessional funding coming from international climate funds. Its form and institutional position often depends on the individual financial institution, but they often report to high-level management and integrated into existing transversal operational support functions.