Time for bank holdouts to join Carney’s green club - gfhay -
UN Special Envoy on Climate Action and Finance Mark Carney launched the Glasgow Financial Alliance for Net Zero on April 21.
GFANZ at launch featured 160 firms, together responsible for assets in excess of $70 trillion, from the leading net-zero initiatives across the financial system to accelerate the transition to net-zero emissions by 2050 at the latest. All GFANZ member alliances must use science-based guidelines to reach net-zero emissions, cover all emission scopes, include 2030 interim target setting, and commit to transparent reporting and accounting in line with the UN’s Race to Zero criteria.
Forty-three banks from 23 countries, with assets of $28.5 trillion, also joined the newly announced Net-Zero Banking Alliance, part of GFANZ, with its members committing to align operational and attributable emissions from their portfolios with pathways to net zero by 2050 or sooner.Governor of the Bank of England Mark Carney speaks after delivering the Michel Camdessus Central Banking Lecture at the International Monetary Fund in Washington, U.S., September 18, 2017.
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