As more financial institutions make net-zero commitments, there is a growing need for tools and frameworks to measure and manage an institution’s environmental footprint and evaluate progress against climate goals.
This ‘Climate AIR toolbox’ helps financial institutions identify and access the different types of tools, frameworks, and platforms available to measure and report their climate-related Alignment, Impact, and/or Risk.
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Alignment refers to the extent to which financial portfolios and the activities financed are consistent with the transition required to achieve defined climate goals.
Impact refers to the influence that financial institutions have on real-economy decarbonization.
Risk refers to the potential negative impacts of climate change on financial institutions and the activities financed by financial institutions. Climate-related risk can manifest in portfolios via physical and transition risk.