Landmark global framework for net zero transition planning launches

8 June 20268 June 2026By admin

A landmark international framework designed to help financial institutions carry out credible, transparent and high‑integrity net zero transition planning has been published by BSI to encourage banks and financial institutions to close the gap between climate ambition and action. Net Zero Transition Planning for Financial Institutions (ISO 32212) specifies requirements and provides recommendations for strategic net zero transition planning by financial institutions.

It provides practical guidance for banks, insurers, asset managers, asset owners and other financial institutions on how to establish robust governance, policies, systems and controls for effective transition planning to drive their financing decisions – that is, their loan books, investment portfolios, or underwriting activities. It is intended to strengthen trust, consistency and accountability across the global financial system.

The standard brings together content from a wealth of resources, from the likes of the Transition Plan Taskforce, the Glasgow Financial Alliance for Net Zero and the Institutional Investors Group on Climate Change, into a single recognisable and certifiable standard. It was developed with input from a broad coalition of organisations, including representatives of finance sector organisations and experts from the 170+ government-recognized national standards bodies from around the world.

Extensive feedback was also provided through global roundtables and wider industry engagement, involving finance sector practitioners, central banks, regulators and international organizations including Principles for Responsible Investment, International Monetary Fund and Network for Greening the Financial System.

It recognises the important enabling role of finance in the climate transition and the critical role financial institutions can play in mobilizing capital to support clients and investees in their transition to a net zero, climate-resilient global economy. This reflects a wider demand from businesses for practical support, with BSI’s recent research finding that 91% of businesses want assistance to accelerate their transition, with a particular focus on financial incentives and practical, skills-based guidance.

net zero, transition, transition plan

May 17, 202617 May 2026

Mubadala invests in UK offshore wind farm alongside consortium

Abi Dhabi's Mubadala Investment Company has made a $325m investment in Ørsted’s Hornsea 3, which, once completed, will be the world’s single largest offshore wind farm, located off the Norfolk coast in the UK. Mubadala is investing alongside a consortium led by Apollo-managed funds, which includes USS and La Caisse. The investment follows Apollo Funds’ acquisition of a 50% stake in the joint venture holding Hornsea 3, with Ørsted retaining the remaining 50% ownership and continuing to lead the development, construction and operation of the project.

April 29, 202629 April 2026

War spending could help close the climate funding gap

Military spending has been increasing for more than a decade, reaching $2.7tr in 2024 and $2.88tr in 2025. Meanwhile, there is a $4tr dollar shortfall in funding needed to achieve the world’s Sustainable Development Goals and, of that, a $2tr funding gap for climate and energy transition action.

April 26, 202626 April 2026

Climate progress: from net-zero ambitions to the Paris Agreement goal

Climate targets require strong commitments from countries to be achieved. Using a multi-model analysis, new research shows that current net-zero pledges bring the world closer to a well-below 2 °C pathway, but an emission gap remains. Increasing ambition will be crucial: expanding the global coverage of net-zero pledges and speeding up action increases consistency with the Paris Agreement (1.5–2.0 °C range in model mean).