Archive

  • 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".

  • Carney: Net Zero Data Public Utility 'essential' to accountability

    10 October 2022

    The development of free platform Net Zero Data Public Utility will be "essential" for developing the accountability and transparency of financial institutions, Mark Carney has said.

  • UN Race to Zero readies 'compliance mechanism'

    25 August 2022

    UN-backed climate campaign Race to Zero (RTZ) has confirmed further information on its 'compliance mechanism' will be published in September, with a major partner welcoming plans to remove members who fail to meet its strengthened criteria.

  • GFANZ-backed agriculture decarbonisation path launched

    16 August 2022

    Financial institutions will for the first time have access to pathways to net zero for the agriculture, forestry and chemicals sectors, the author of report supported by the Glasgow Financial Alliance for Net Zero (GFANZ) has said.

  • GFANZ calls for portfolio alignment feedback

    09 August 2022
  • GFANZ issues transition plan recommendations & 'ambition' tracker

    15 June 2022

    The Glasgow Financial Alliance for Net Zero (GFANZ) has issued 10 recommendations for financial institutions to adopt in their net-zero transition plans, including metrics to track portfolio 'ambition', sector-specific pathways and pan-sector strategies to avoid 'paper decarbonisation'.

  • Carney: Some fossil fuel investment justified

    11 May 2022

    The transition to a net-zero carbon economy requires "nothing short of a revolution", although some limited investment in fossil fuels is justified in the short term, Mark Carney has said.

  • GFANZ lamented for 'no clear signs it has achieved anything'

    21 April 2022

    A group of civil society organisations has written to Michael Bloomberg and Mark Carney to demand the $138 trillion financial sector coalition they co-chair to step up its game, in a letter that complained the initiative had shown no signs that it has achieved anything.

  • Is the criticism of GFANZ justified?

    19 April 2022

    The Glasgow Financial Alliance for Net Zero is much maligned, but ultimately it aims to be a force for good, argues Thomas Cox

  • GFANZ banks give 'little evidence' of short-term climate plans

    25 March 2022

    The short-term climate targets of the largest banks in the world are insufficient despite their membership of Glasgow Financial Alliance for Net Zero (GFANZ), a report has found.