In parallel to climate litigation against companies and governments, the number of climate cases against financial institutions is also rising. For example, cases are brought claiming that financial actors are failing to appropriately disclose and manage climate-related risks. This can cover statements made in annual reports but also in advertisements. Due to regulatory developments, financial institutions may in the future increasingly face claims relating to disclosures under various taxonomies for green financial products and potentially also breach-of-contract claims relating to such products. Another category are cases alleging breaches of fiduciary duties, for instance if a bank’s directors continue to decide to finance highly greenhouse gas emitting projects. It is also conceivable that financiers may be sued as “indirect polluters” for financing such polluting projects. In all these cases, financial institutions may then no longer be only indirectly exposed to the risks associated with climate litigation through the asset side of their balance sheet but may bear a potential direct liability.