And who reviews it and judges its appropriateness? 2/3  BIS - Central bankers' speeches  We could provide regulatory or market-based incentives for companies to follow through. One could hope for the market to do that, trusting financial institutions to only finance those companies that are on a path that is in line with their stated climate goals.
Or one could imagine a world in which regulatory and supervisory pressure aims to ensure that a transition plan is followed by action. The outcome will probably be somewhere in the middle. Whatever the outcome may be, the NGFS is leading ground-breaking work on this issue and we will make an important contribution to finding that landing zone.