Principles for Responsible Banking Guidance on Climate Adaptation Target Setting

Year Published

2023

Contributing Organizations

United Nations Environment Programme Finance Initiative (UNEP-FI)

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic

Transition Plans

Topic 2

Target Setting

Target Audience

Banks

Relevant Geography

Middle East and North Africa

Resource Description

This guidance supports banks in setting climate adaptation targets under the Principles for Responsible Banking (PRB). It explains key concepts, provides a step-by-step process, and outlines reporting expectations.

Why This Matters

Setting adaptation targets helps integrate climate risk into strategy and demonstrate commitment to sustainable finance

Key Insights

Defines adaptation finance and how banks can assess exposure to climate risks
Outlines a five-step process: understand exposure, set objectives, select metrics, define targets, and report progress
Includes examples of adaptation activities and relevant indicators
Emphasizes alignment with UNEP FI’s PRB and broader climate goals

Secondary File Resources

Secondary Resource Link(s)

Climate Adaptation Target Setting Guide

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