122 human rights risks and impacts based on the UNGP-BHR, as well as climate change risk assessments aligned with the Climate Physical Risk and the Climate Transition Risk categories of the Task Force on Climate-related Disclosures. The assessment documentation also requires measures to minimize, mitigate, compensate, and remedy risks and impacts on affected communities and the environment. EPFIs are also encouraged to use the EP4 framework for financial products outside of the scope of the EP4. Praiseworthy in the EP4 is the EPFIs’ solid and unequivocal commitment to support the objectives of the Paris Agreement and fulfill the responsibility to respect human rights in line with the UNGP-BHR. However, as the window to take decisive climate action becomes smaller, the Commission joins in encouraging financial institutions to take bolder actions to fully realize and embrace their unique position to influence and direct the actions and policies of companies and industries to transition to a low-carbon economy. They must refrain from injecting capital into activities related to fossil fuel extraction and conventional fossil fuel-based power generation. Instead, they should redirect capital to activities that promote GHG emissions reduction and build infrastructure necessary to address and respond to the physical impacts of climate change. Further, financial institutions must endeavor to “enhance finance mobilization in order to deliver the scale of resources needed to achieve climate plans, particularly for adaptation;”534 scale-up investments in climate action535 taking into account the vulnerabilities of specific sectors, regions, and countries; simplify and enhance access to finance;536 and “provide enhanced and additional support for activities addressing loss and damage associated with the adverse effects of climate change.”537 534 Glasgow Climate Pact, supra note 480, para. 19. 535 See Glasgow Climate Pact, para. 47. 537 Glasgow Climate Pact, supra note 480, para. 64. 536 See Glasgow Climate Pact, para. 53.