Making transition plans work – Research and practice perspectives on transition plans and transition risks assessment
WPSF-Workshop
Date: 24.09.2024, 09:00 – 16:00 Uhr
Location: DIW Berlin
Expectations are high that transition plans will drive the decarbonization of the economy. However, companies often lack clarity on how their transition plans are utilized. Strengthening the alignment between transition plans of financial institutions and businesses is crucial to ensure consistent climate action across sectors. Additionally, there is a gap between the ESG and/or transition metrics reported by corporates and financial metrics used by financial institutions. Bridging this gap requires deeper collaboration and dialogue between the financial sector and corporates.
In our joint workshop organized with the London School of Economics (CETEx at Grantham Research Institute), I4CE, Oxford University (Smith School of Enterprise and the Environment), University of Giessen and Frankfurt School of Finance & Management we discussed with representatives from academia, banks and corporates three use cases of transition plans and how these perspectives can be better aligned in the future.