Transition plans for financial institutions are increasingly being discussed in regulatory contexts and pushed up the agenda in the investment community through ‘Say on Climate’ votes. Yet there is no established methodology for assessing banks’ transition plans. We have developed a framework to fill this gap.

Our Say on Climate framework draws on our biennial banking survey, which ranks the largest European banks on their climate performance, among other sustainability-related themes. We focus on the most material, action oriented and measurable climate related items from our climate questionnaire to produce concise assessments and voting recommendations that are consistent across the banking sector.