OECD Guidance on Transition Finance

OECD Guidance on Transition Finance

This guidance sets out elements of credible corporate climate transition plans, which aim to align with the temperature goal of the Paris Agreement. Such plans are needed to address the growing risk of greenwashing in transition finance and facilitate a global, whole-of-economy climate transition.

Detalles Bibliográficos
Autor principal: OECD (-)
Autor Corporativo: Organisation for Economic Co-operation and Development, author, issuing body (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Paris : Organization for Economic Cooperation & Development 2022.
Edición:1st ed
Colección:Green finance and investment.
Materias:
Finance and investment.
Energy.
Ecology.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704963206719
Tabla de Contenidos:
  • Intro
  • Foreword
  • Acknowledgements
  • Abbreviations and acronyms
  • Executive summary
  • 1 The case for transition finance in the 'decade for delivery'
  • 1.1. Context: Transition finance to meet global climate objectives
  • 1.1.1. Balancing environmental integrity and inclusiveness
  • 1.1.2. Growing evidence points to a mismatch between high-level emission reduction targets and actionable transition plans
  • 1.1.3. Credible corporate climate transition plans to prevent greenwashing in transition finance
  • 1.2. Purpose and aims of the Guidance
  • 1.3. Framing of the Guidance
  • 1.3.1. Working definition of transition finance and relationship with the broader sustainable finance ecosystem
  • 1.3.2. Mainstreaming versus labelling
  • 1.4. Scope of the Guidance
  • 1.4.1. Accounting for ongoing and future developments
  • 1.5. Who is the Guidance for?
  • 1.6. Reader's Guide
  • 1.7. Methodology
  • References
  • Notes
  • 2 What is transition finance?
  • 2.1. State-of-play: Existing approaches to transition finance
  • 2.2. Taking stock of transition-related financial instruments
  • 2.2.1. The growth of sustainability-linked instruments
  • 2.3. Ensuring credibility and comparability
  • 2.4. Credible corporate climate transition plans can enable the assessment of corporate climate strategies and goals
  • 2.4.1. What is a transition plan?
  • 2.4.2. Non-governmental and industry-led initiatives on transition plans
  • 2.4.3. Transition plans as part of public initiatives
  • European Union (EU)
  • Japan
  • Switzerland
  • United Kingdom
  • United States
  • 2.4.4. Transnational initiatives related to transition finance and transition plans
  • G20 Sustainable Finance Working Group (SFWG)
  • International Platform on Sustainable Finance (IPSF)
  • International Sustainability Standards Board (ISSB)
  • References
  • Notes
  • 3 Key challenges in transition finance.
  • 3.1. Ensuring inclusiveness across sectors and geographies
  • 3.2. Key challenges
  • 3.2.1. Lack of granular and comparable corporate disclosure and forward-looking data on climate and climate transition planning
  • 3.2.2. Variation in countries' net-zero commitments and NDCs
  • 3.2.3. Lack of national sectoral pathways
  • 3.2.4. Enabling conditions
  • Affordability
  • Policy and institutional framework
  • 3.2.5. Asset stranding and risk of carbon-intensive lock-in
  • Navigating economic feasibility
  • Preventing carbon-intensive lock-in
  • 3.3. Way forward: A whole-of-economy approach, in line with the Paris Agreement
  • References
  • Notes
  • 4 Elements of credible corporate climate transition plans
  • 4.1. Transition plans as part of the broader sustainable finance toolbox
  • 4.1.1. Sectoral pathways
  • 4.1.2. Technology roadmaps
  • 4.1.3. Sustainable, green and transition taxonomies
  • 4.1.4. Corporate sustainability reporting standards
  • 4.2. Ten elements to ensure credibility
  • 4.2.1. Element 1: Setting temperature goals, net-zero, and interim targets
  • 4.2.2. Element 2: Using sectoral pathways, technology roadmaps, and taxonomies
  • 4.2.3. Element 3: Measuring performance and progress through metrics and KPIs
  • 4.2.4. Element 4: Providing clarity on use of carbon credits and offsets
  • 4.2.5. Element 5: Setting out a strategy, actions, and implementation steps, including on preventing carbon-intensive lock-in
  • 4.2.6. Element 6: Addressing adverse impacts through the Do-No-Significant-Harm (DNSH) Principle and RBC due diligence
  • 4.2.7. Element 7: Supporting a just transition
  • 4.2.8. Element 8: Integration with financial plans and internal coherence
  • 4.2.9. Element 9: Ensuring sound governance and accountability
  • 4.2.10. Element 10: Transparency and verification, labelling and certification
  • References
  • Notes
  • Annexes.
  • Annex A. Overview of transition finance approaches
  • References
  • Annex B. Mapping of transition plan elements
  • References
  • Annex C. Methodology of the 2022 OECD Industry Survey on Transition Finance
  • Annex D. Case studies on sustainability-linked instruments of select companies in hard-to-abate industry sectors in EMDEs
  • References
  • Note
  • Annex E. Glossary
  • References.

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