• ISO transition plan standard working group targets COP30 launch

    08 May 2024

    A group developing a proposed international standard for net zero transition planning by financial institutions aims to deliver it within 18 months, at the COP30 UN climate conference in Brazil next year.

  • Japanese GFANZ members 'intend to grow transition financing'

    02 April 2024

    Japanese financial institutions said they will grow their allocation to 'transition financing' and explore ways to ramp up a planned phase-out of coal power generation, in a joint statement by signatories to the Glasgow Financial Alliance for Net Zero (GFANZ).

  • Corporate transition finance framework 'common ground' project launched

    09 November 2023

    The Climate Bonds Initiative (CBI) has published an initial mapping of transition finance frameworks as part of a collaborative project to "demystify" the topic for corporates amid a proliferation of frameworks.

  • Investors 'trapped in quandary over whether 1.5°C is achievable'

    27 October 2023

    Investors are "trapped" in a quandary of working towards targets based on keeping warming to 1.5°C, while confidence evaporates that countries and companies are reducing emissions at a fast enough rate to do so, an asset owner has warned.

  • 'It will help us have more honest conversations'

    27 June 2023

    Investors welcome the IFRS sustainability standards and say, by boosting comparability, they will aid engagement. Michael Hurley reports

  • Sustainable finance: key themes for regulation and policy in 2023

    06 January 2023

    The year ahead could be dominated by ESG-related regulation and progress on sustainability data initiatives, Michael Hurley writes

  • Nordea warns on gap between portfolio emissions reduction and 'real world impact'

    18 November 2022

    There is a widening disconnect between emissions reductions in investors' portfolios and the decarbonisation of the real economy, the head of sustainability at Nordea Life & Pensions has warned.

  • GFANZ publishes net-zero transition plan guidance

    01 November 2022

    The Mark Carney-backed Glasgow Financial Alliance for Net Zero (GFANZ) has published voluntary guidance on net-zero transition plans (NZTPs) for achieving net-zero by 2050 focused on Scope 3 emissions.

  • GFANZ drops requirement to align with UN Race to Zero campaign

    28 October 2022

    The Glasgow Financial Alliance for Net Zero (GFANZ) has scrapped its requirement for members to align with a campaign requiring a fossil fuel phase-out.

  • US banks 'have not indicated' intention to quit GFANZ, Carney says

    25 October 2022

    Mark Carney has denied that several large US banks threatened to quit the climate finance group he co-chairs, adding that the CEOs of the banks "have not indicated to me any intention to do so".