建立更好的指标来衡量转型融资

Legal disclaimer and positioningThe content and guidance set out within this paper do not constitute advice to Members of the Net-Zero Banking Alliance(the Alliance). Further, any views expressed in this paper do not necessarily represent the views of each individual member,including those in the relevant working group that assisted in the preparation of the paper. This paper is intended as a generalguide for ‘effective practices’ and is not prescriptive as to actions or decisions to be taken by Members. The Members of theAlliance set individual targets and make their own unilateral decisions in line with their own business goals (subject to, andconsistent with, all fiduciary and contractual duties, laws and regulations). The use of papers and guidance, including thescope of participation in the Alliance, is at the discretion of each individual Member.As such, the Alliance takes no liabilityfor actions or decisions taken by Members when applying the principles of this paper. Any references to external frameworksor organisations should not be considered an endorsement of that organisation or their work.Important Disclosures from Oliver WymanCopyright ©2023 Oliver WymanAll rights reserved. This report may not be reproduced or redistributed, in whole or in part, without the written permission ofOliver Wyman and Oliver Wyman accepts no liability whatsoever for the actions of third parties in this respect.The information and opinions in this report were prepared by Oliver Wyman. This report is not investment advice and should notbe relied on for such advice or as a substitute for consultation with professional accountants, tax, legal or financial advisors.Oliver Wyman has made every effort to use reliable, up-to-date and comprehensive information and analysis, but all informationis provided without warranty of any kind, express or implied. Oliver Wyman disclaims any responsibility to update the informationor conclusions in this report. Oliver Wyman accepts no liability for any loss arising from any action taken or refrained from as aresult of information contained in this report or any reports or sources of information referred to herein, or for any consequential,special or similar damages even if advised of the possibility of such damages. The report is not an offer to buy or sell securitiesor a solicitation of an offer to buy or sell securities. This report may not be sold without the written consent ofOliver Wyman.Important Notice Contents1. Executive summary2. The need for transition finance metrics3. Outline of a reporting framework for transition finance3.1. Input metrics — how much finance is provided to whom?3.2. Output metrics3.3. Additional supporting metrics4. Managing conflicts between transition financeand emissions reduction metrics5. Potential next stepsAppendixA. Examples of physical-based metrics per sector 31011131617212222 © Oliver Wyman1. Executive summaryFinancial institutions have a critical role to play in accelerating the transition to a net-zeroeconomy. Many banks have outlined their climate ambition, including through joining the Net-Zero Banking Alliance (NZBA), and have made commitments to financing ambitious climateaction to transition the real economy to net-zero greenhouse gas emissions by 2050. Bankshave been developing a set of metrics to report externally on their efforts towards meetingtheir ambition. Over time, this has led firstly to reporting of the volume of sustainable financeprovided, supported by a range of international taxonomies (e.g. the EU Taxonomy), and, morerecently, to measures of total financed emissions and sectoral decarbonisation targets thatrepresent the climate impact of a bank’s overall portfolio and how the bank plans to reduce it.Banks’ strategies for managing climate impact have also matured, with banks moving fromexclusionary policies and targeted sustainable finance to more wide-ranging engagementwith clients, especially large corporates. This engagement is helping to encourage companiesto set transition plans and to accelerate those plans which, in turn, will support banks’ net-zerostrategies (if banks have existing exposures to these clients).Financing provided to clients under such engagements is frequently described as“Transition Finance”.This paper discusses how banks may consider reporting their Transition Finance efforts.We see a need for additional specific metrics, as existing metrics may fail to provide a fullpicture of banks’ approaches to decarbonising their portfolios.1.Prevailing metrics, such as the volume of sustainable financing provided and sector-leveldecarbonisation targets, show the progress of banks’ clients in their decarbonisationjourneys, but do not explicitly capture the volume of financing provided to supportcompanies to transition their businesses, nor the direct impact of thisfinancing.2.This is especially important for banks, who play an active role in the financial systemthrough engaging with clients as part of financ