The NGFS notes deepen the understanding of transition plans for managing climate-related financial risks. They provide actionable insights to support the effective use of transition plans, which have the potential to support the complex shift towards a resilient and low-carbon economy.

Note on Target setting and Transition plans

Note on the Interactions between scenario analysis and Transition plans

Main takeaways of the NGFS work on Transition plans

Updated on the 16th of July 2025