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ACCELERATING TRANSITION

ACCELERATING TRANSITIONTASK FORCE ON CLIMATE-RELATED financial DISCLOSURES REPORT 2021I. INTRODUCTION PAGE 02A Letter from our CEODAVID SOLOMON CHAIRMAN AND CHIEF EXECUTIVE OFFICERAs a financial institution, we believe we can achieve the greatest impact in advancing the climate TRANSITION by partnering with our clients across our business. Whether it s by developing new sustainability-linked financing solutions, offering world-class strategic advice, or co-investing alongside our clients in cutting-edge clean energy companies, we re constantly innovating and expanding new commercial capabilities to help our clients accelerate their build a more sustainable planet will require nothing less. Our own Carbonomics research estimates that $56 trillion in green infrastructure investments is needed worldwide to reach a net zero economy by this report we have defined a range of ambition for an initial set of industries where we see a significant opportunity to help our clients decarbonize.

between current energy capabilities and support for new technology, as well as concrete measures, like a price on carbon, that will accelerate a just and orderly transition. Because in the end that’s what this is: a transition. It’s going to take time. ... As a financial institution, we believe the most meaningful

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