Beginning with the Financial Services Climate Change Questionnaire 2020, CDP asks for disclosures from financial institutions on the impacts they finance in the wider economy. The disclosures allow for a baseline assessment of climate-related risks, opportunities and impacts in financing portfolios; and of how banks, asset owners, asset managers and insurance companies are preparing for the net-zero carbon transition. 

The Time to Green Finance, released today, shows that almost all climate-related impacts and risks of global financial institutions come from financing the wider economy.