STATEMENT FROM GFANZ LEADERSHIP: MICHAEL R. BLOOMBERG, MARK CARNEY, AND MARY SCHAPIRO

The Glasgow Financial Alliance for Net Zero (GFANZ) going forward will allow any financial institution working to mobilize capital and lower the barriers to financing energy transition to participate. To date, GFANZ has successfully worked to support greater levels of climate-related disclosure, the development and publication of climate transition plans, and the launch of initiatives to de-risk private investment going into emerging markets and developing economies. Without private finance, there can be no global energy transition. For that reason, in 2025 and beyond, GFANZ will redouble its efforts to mobilize private capital.