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Tools and guidance

Financial Institution Net-zero Transition Plans

This report introduces GFANZ’s proposed recommendations and guidance to deliver a global framework for net-zero transition plans for financial institutions across the financial sector.

Key points

GFANZ believes that a credible net-zero transition plan is one that is actionable, focused on nearterm action, and aligned with a carbon budget for limiting warming to 1.5 degrees C with low or no overshoot, according to the latest findings of the Intergovernmental Panel on Climate Change (IPCC).
GFANZ recommends a financial institution’s netzero transition plan address ten core components, grouped into five themes (see Figure 1). This report provides recommendations, guidance, and illustrative examples for each component.