A single and comprehensive framework

The Investor Climate Action Plans (ICAPs) Expectations Ladder and Guidance provides investors with clear expectations for issuing and implementing comprehensive climate action plans, including steps investors can take to support the goal of a net-zero emissions economy by 2050 or sooner. The framework aims to help investors navigate existing expectations and initiatives on climate change. It is inclusive and unique in that it sets out expectations for investors wherever they may be on their climate journey.

The ICAPs Expectations Ladder summarizes the key climate actions investors can take right now in the four interlocking areas of the Investor Agenda: investment, corporate engagement, policy advocacy, and investor disclosure. Governance is a cross-cutting theme across all four areas.

Investors can use the ICAPs Expectations Ladder in several ways including:

  • Assessing their current approach to managing climate change risk and opportunity
  • Publishing a standalone ICAP
  • Embedding elements of the ICAPs into their climate change strategies and disclosures.
  • Communicating their current activities and future plans to stakeholders

The accompanying ICAPs Guidance enables investors to interpret the ICAPs Expectations Ladder. It helps investors self-assess where they are on the ladder to understand the specific climate actions they can take to strengthen their approach and make further progress.

Access our latest webinar on ICAPs

ICAPs Disclosure

Financial institutions can now disclose their Investor Climate Action Plans through CDP disclosure in line with the Investor Agenda Expectations Ladder and Guidance.

Please see the Step-by-Step Guide to CDP disclosure, outlining the alignment between the Expectations Ladder and the CDP Climate Change Questionnaire for the Financial Sector.

View ICAPs Step-by-Step Guide to CDP disclosure

Translated documents

The ICAPs Expectations Ladder and Guidance documents are being translated into various languages.

Please see below for the ICAPs Expectations Ladder and 2021 Guidance translations that are already available. Translations of the 2022 Guidance will be available soon.

Escalera de Expectativas – español

Download the PDF

投資家気候行動計画 Investor Climate Action Plans (ICAPs) 期待達成レベル評価

Download the PDF

투자자 기후행동 계획 Investor Climate Action Plans (ICAPs) 기대 단계

Download the PDF

투자자 기후행동 계획 Investor Climate Action Plans (ICAPs) 기대 단계 사용 지침 (2021)

Download the PDF

投资者气候行动计划 Investor Climate Action Plans (ICAPs) 期望阶梯

Download the PDF

投资者气候行动计划 Investor Climate Action Plans (ICAPs) 期望阶梯使用指南 (2021)

Download the PDF