Climate Safe Lending Resources
Strategies for Change
Resources developed from CSLN collaborations and convenings regarding principles and practices for climate safe transitions.
Accelerating Clean Energy Banking for Consumers: A global assessment of leading financial products and services
Integrate to Zero, CSLN, Seawolf Sustainability Consulting (December 2023)
This report is a first of its kind, analysing the extent and nature of clean energy finance provided banks to consumers. The report provides global and regional snapshots of insights based on desk research covering over 144 banks, across 6 regions and 53 nations..
Banking on Climate Justice
CSLN Collaborative (January 2024)
The Banking on Climate Justice initiative is a collaborative engagement launched in April 2023 with members of the Climate Safe Lending Network. Participants from a variety of geographies and sectors have come together in hopes of raising the ambition of the banking sector to address justice whilst transforming itself in the face of the climate crisis.
The Carbon Bankroll: the Climate Impact and Untapped Power of Corporate Cash
CSLN, The Outdoor Policy Outfit, BankFWD (May 2022)
As companies increasingly focus on combating climate change, this report reveals that for many of the world’s largest companies, the carbon footprint generated by their investments and cash held in big banks are a significant source, and sometimes their largest source, of emissions. The report also provides a groundbreaking analysis of the hidden climate impact of corporate finances, making it possible to understand the scale of emissions generated by a company’s cash, investments, and financial practices.
Taking the Carbon out of Credit
CSLN (July 2020)
Taking the Carbon Out of Credit is a report published by the Climate Safe Lending Network in June 2020 that sets out an integrated mechanism, along with practical tools, for banking institutions that commit to demonstrating leadership in addressing climate change.
The Good Transition Plan: Climate Action Strategy Guidance for Banks and Lending Institutions
CSLN, Green America Center for Sustainable Solutions (October 2021)
The Good Transition Plan is a practical, actionable guide for banks to create effective climate transition plans. The guide gathers the best thinking, emerging best practices, and stakeholder expectations from over 100 climate-finance experts and professionals from around the world. It presents a structured approach to net-zero planning, with practical insights from sustainable finance leaders, including bankers, investors, policymakers, civil society organizations, and academics.
Additional GTP resources:
The Good Transition Plan Strategy Toolkit (November 2022)
The Good Transition Plan 2022 Addendum (November 2022)
Climate Risk Assessments
The Problems with Climate Risk Scenarios - and how to fix them
Green Central Banking, CSLN (November 2023)
Video recording, written summary and reading list from panel discussion in partnership with Green Central Banking. Moderator: Madison Condon, Associate Professor, Boston University School of Law. Panelists: Sanjay Joshi, Responsible Investment Consultant, Hymans Robertson; Ann Pettifor, Political Economist; Sahil Shaw, Co-founder, Tipping Frontier; Steve Keen, Distinguished Research Fellow, University College London
Net Zero Planning
Redirecting the Flow of Finance: an examination of bank strategy
CSLN, Dankse Bank (April 2023)
A special closed-session meeting under Chatham House Rules with Dankse Bank discussing their recent and first-of-its kind announcement to limit investment in and lending to fossil-heavy sectors.How to evaluate a bank’s net zero plan
CSLN (March 2022)Net Zero a Practical Guide for Finance Teams
A4S and partners (July 2021)
Other
Response to 2022 Banking on Climate Report
CSLN (March 2022)Ensuring Planetary Stability: Banks as Unlikely Allies
David Barmes & Marya Skotte for CSLN (September 2021)
Leadership Development
Resources developed from the Climate Safe Learning Lab and the Climate Safe Lending Fellowship programmes.
Shifting the financial system: accelerating sustainable finance at banks
Finance Innovation Lab, Seawolf Sustainability Consulting, CSLN (September 2023)
Drawing from invaluable insights from banking professionals - including from the 2023 Climate Safe Lending Fellowship programme and the wider banking community - this report explores overcoming barriers and harnessing opportunities in order to raise bank ambition and accelerate meaningful climate action across the banking sector. Amidst an increasingly complex global context, the report aims to help banking professionals navigate the path towards sustainable change.
Catalysing Bank Climate Action: Lessons from the Inside
Finance Innovation Lab, CSLN (June 2022)
There are passionate and committed individuals working inside banks who recognise that their institutions and sector require transformation and are working tirelessly to enable this from the inside out. We call them ‘climate intrapreneurs’. This report is the first time the unique perspectives and insights of these climate intrapreneurs have been published. They are drawn from the first ever cohort of the truly pioneering Climate Safe Lending Fellowship which saw 23 Fellows from 20 banks develop the capability to lead change from within their institutions.
Policy Engagement
Resources developed regarding progressive policy advancement to enable climate-safe transitions.
Fat Tails Tipping Points and Asymmetric Time Horizons
Greg Ford, Finance Watch; Katie Kedward and Josh-Ryan-Collins, UCL; Lukasz Krebel and Frank van Lerven, NEF; James Vaccaro, CSLN (October 2022)
Climate-related financial risks (CRFR) pose unique challenges for capital requirements regulation. The existing capital requirements regime needs stronger precautionary and macroprudential focus, paying particular attention to the prevention of environmental tipping points to avoid systemic and catastrophic impacts on the financial system and macroeconomy.
Financial Stability in a Planetary Emergency
CSLN, EIT Climate-KIC, UNEP-FI (April 2021)
Financial Stability in a Planetary Emergency highlights the need for a bold approach to financial regulation. The report outlines practical policies a regulator could adopt if given the responsibility of regulating the financial system in line with a climate-safe future, based on a review of existing literature on climate risks and financial policymaking, together with interviews with leading thinkers on sustainable finance and policy.
Consultations and Response Letters
Open Letter to Basel Committee on Banking Supervision
(March 2024)Response to European Banking Authority: The Role of Environmental Risks in the Prudential Framework
(July 2022)UK Transition Plan Taskforce Response Letter
(July 2022)Basel Committee Consultation Response Letter
(February 2022)The Climate Safe Lending Network’s Response to TCFD’s call for public consultation
(July 2021) An urgent clarification on the scope of TCFD
Policy Ideas and Discussion
Closing the financial disclosure loophole to prevent ’emissions laundering’
(March 2024) Written by James Vaccaro, Green Central Banking | Basel Committee on Banking SupervisionClimate Safe Capital Rules for the Global Banking Sector - Discussion Summary
(September 2022)It’s Time for a Taskforce on Finance-related Climate Impacts
(July 2021) James Vaccaro, Responsible InvestorJames Vaccaro on a 1250% capital rule for fossil fuels
(July 2021) Interview with James Vaccaro, Executive Director, Climate Safe Lending Network, by Green Central BankingSeeds of Change: Strategies, policy options and scalable interventions from the Financial Innovations Roundtable
(November 2020) Sarah Boege, University of New Hampshire; CSLN