Financial Institutions Net-Zero Transition Plans: Fundamentals, Recommendations, and Guidance

This voluntary framework outlines recommendations and guidance for ambitious and credible net-zero transition plans for financial institutions as presented by the Glasgow Financial Alliance for Net Zero (GFANZ). It sets out a framework that can be used as a resource globally across all types of financial institutions. The framework aims to promote greater comparability between transition plans and to provide a better understanding of common elements of a net-zero transition plan. This report presents a voluntary framework for financial institutions to apply when developing and implementing net-zero transition plans. Financial institutions are encouraged to use these recommendations wherever possible, but not superseding other requirements or constraints where such requirements or constraints exist.