Implementing the recommendations means you will need to explain your governance, risk management and strategy on climate related issues. And you will need to explain which metrics and targets you use to prepare yourself on these issues. And all of this of course means you need to have a strategy, risk management and governance system on this issue.
Business and industry, and individuals, in making their own financial plans, will hopefully do so on the basis that inflation will be kept in that range over time; and on the basis that, if, as at present, inflation moves outside that range, the policy stance will be adjusted promptly to bring it back within range - as indeed was done last year.