• 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.

  • Tokio Marine joins Net-Zero Insurance Alliance

    19 January 2022

    Physical risks from warming a "prudential issue" for Asia's regulators, says Japan's FSA

  • COP26 outcome suggests private finance left to pick up climate slack

    15 November 2021

    The final text of the climate agreement by countries at the UN climate summit in Glasgow represents only incremental progress on previous conferences and leaves considerable slack for private finance to pick up on the path to net zero, according to commentators.

  • GFANZ calls on G20 to restructure financial system

    11 October 2021

    The Glasgow Financial Alliance for Net Zero (GFANZ) has called on the G20 to green the global financial system