Many financial institutions are currently working on their climate transition plans. Ahead of the Transition Plan Taskforce’s finalised guidance being released next week, Anthea Bowater and Vanessa Jakovich shared their thoughts with the International Compliance Association on some of the key risks and challenges for firms in developing transition plans.

In particular, they explain what transition plans typically cover, the difficult area of Scope 3 emissions, the challenges of financial planning, and provide some practical tips for navigating areas of risk.

This article was first published in Issue 67 of Incompliance in September 2023.