Full Title: Planning for Net Zero: Best Practices for Indian Banks and NBFCs: A Discussion on Lessons Learned from Global Banks
Author(s): Akshima Ghate, Lila Holzman, Weiting Li, James Mitchell, Riya Saxena, and Kaustav Sood
Publisher(s): Rocky Mountain Institute
Publication Date: November 7, 2024
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Description (excerpt):
Indian banks and Non-Banking Financial Companies (NBFCs) can help bridge the climate finance gap and ensure financial stability in a changing environment. Regulators have implemented several initiatives to both support and nudge the sector to take action. Though banks are beginning to do so, the sector is still early in its efforts and faces structural bottlenecks. Banks and NBFCs can leverage integrated transition planning approaches to address barriers and meet evolving regulatory and stakeholder expectations. This report highlights 10 lessons from global banks’ experience with transition planning and their potential application for Indian banks and NBFCs.