The banking sector has a critical role to play in the low-carbon transition, incentivising emissions reductions in the real economy through climate-aware financing. The TPI Centre in partnership with the Institutional Investor Group on Climate Change (IIGCC), developed an investor-led pilot framework of indicators to assess the preparedness of banks for the low-carbon transition. Our framework sets an action-focused roadmap for banks to align their financing activities with the goals of the Paris Agreement. In summer 2022, the TPI Centre published a report describing our methodology and pilot analysis of 27 banks. A new version of the Framework and assessments was published in summer 2023.