💨 Abstract

The G20's Financial Stability Board (FSB) has called for a broader and standardized adoption of climate transition plans by firms to improve understanding of financial risks. The FSB revealed varying views among countries on the use of transition plans for risk monitoring, with some requiring firms to prepare and disclose plans, while others do not. The FSB urges more standardization and broader adoption of transition plans for financial stability.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖