Service Description

TPT for Financial Institutions INTERNATIONAL. ESG The TPT launched its Disdosure Framework for the banking sector, which sets out good practice recommendations for transition plan disclosures. Who reports? The TPTs Terms of Reference gave the TPT a mandate to produce guidance for a small number of finance and real-economy sub sectors The TFT confirmed these sectors as: Asset Owners Asset Managers: Banks Food & Beverage, Electric Utilities & Power Generators; Metals & Miring, and Oil & Gasc What is reported? The Asset Owners Guidance suggests, in addition to recommendations on engagement, metrics, and targets, that an entity should contemplate revealing the following: 1. Its goals and priorities for reducing financed emissions linked to investment activities, encompassing any commitments made and the reasoning behind those commitments 2. Its goals and priorities for handling climate-related risks and secing opportunities related to climate through investment activities. 3. Whether and how its interpretation of fiduciary duty aligns with the Strategic Ambition outlined in its transitionplan. 4. Information about the short, medium, and long-term actions undertaken or planned within its investment process to realize the Strategic Ambition of its transition plan, whether applied to all or a portion of its investment activities. 5. Whether and how it incorporates the transition plans of its investee companies into its investment process detailing its approach to assessing the quality and credibility of those plans 6. When disclosing actions or plans, the entity may consider providing information at the asset dass, sector, and/or geographic levels 7 The extent to which to nature. it provides or plans to provide climate- -or sustainability-linked products, including those linked Benefits Balanong the reduction of portfolio emissions through divestment and capital reallocation against engaging with new and or evesting clients and customers to aid in emissions reduction and bolster dimate resilience Providing financial assistance to high-GHGemitting entities to transform their business models and reduce long-term emissions versus financing short-term ermissions reductions Reducing portfolio emissions by engaging with entities to prevent deforestation, with the added benefits of preserving natural habitats Supporting the expansion of renewable energy through financial means, resulting in co-benefits such as akill enhancement for worke