Ahead of the UN Conference of the Parties (COP27), the Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to net zero through dedicated sector-specific alliances, today announced the release of its Progress Report, and the expansion of its Principals Group to strengthen regional engagement, implementation and collaboration with the United Nations (UN).

The world is unlikely to reach net zero by 2050 unless we halt and reverse deforestation within a decade. In this statement, the Co-Chairs and Vice Chair of GFANZ therefore urge financial institutions to embed deforestation into their transition planning by developing policies to identify and curtail financing of such activities.

The Expectations for Real-economy Transition Plans report articulates the critical components needed to disclose a rigorous transition strategy by companies large and small, so that financial institutions can assess those plans and support these companies as they work to transition their operations toward a net-zero global economy.

The Utility would make climate transition-related data openly available in a single place for the first time and provide accurate, trusted, and verifiable data – a potential game-changer to enabling the delivery of a net-zero economy.

الشبكة الإقليمية الجديدة تسعى إلى تعزيز الاستثمار ودعم العمل مع المؤسسات المالية الأفريقية القاهرة، مصر – 7 سبتمبر 2022: أعلن تحالف غلاسكو المالي من أجل صافي انبعاثات صفري (GFANZ)، وهو تحالف عالمي بقيادة متخصصين من مؤسسات القطاع المالي يعمل على تسريع التحول العالمي إلى صافي انبعاثات صفرية من غازات الاحتباس الحراري بحلول عام 2050، اليوم [...]

Ce nouveau réseau ambitionne d’accroître les investissements et la collaboration du GFANZ avec les institutions financières africaines LE CAIRE, ÉGYPTE – 7 septembre 2022 – La Glasgow Financial Alliance for Net Zero (GFANZ), fondation rassemblant institutions et entreprises financières collaborant afin d’accélérer la transition de l’économie mondiale vers des émissions nettes zéro d’ici 2050 au [...]

New regional network seeks to unlock investment, support engagement with African financial institutions

GFANZ has developed a draft framework for financial institutions to catalyze action and specify concrete steps and holistic business strategy changes as part of the transition to a net-zero future.

GFANZ Co-Chairs Michael R. Bloomberg and Mark Carney and Vice Chair Mary Schapiro remark on the ending of all financing activities for new coal.

GFANZ has developed a draft framework for financial institutions to catalyze action and specify concrete steps and holistic business strategy changes as part of the transition to a net-zero future.