Glasgow Financial Alliance for Net Zero faces pressure to tighten fossil fuel rules

Michael Holder
clock • 3 min read
Financial firms collectively responsible for over $70tr investments have signed up to GFANZ groups
Image:

Financial firms collectively responsible for over $70tr investments have signed up to GFANZ groups

Over 90 green groups demand stricter membership rules for a raft of corporate financial net zero groups ahead of COP26

Green groups have warned the UN-backed Glasgow Financial Alliance for Net Zero (GFANZ) led by Mark Carney risks providing 'greenwash' cover for banks, investors and insurers to continue backing new fossil...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Ricardo plots sale of defence business to focus on environmental consulting

Ricardo plots sale of defence business to focus on environmental consulting

Engineering firm announces plans to offload its defence business and instead focus fully on the energy transition and global climate challenges

clock 22 October 2024 • 2 min read
Review urges UK to act quickly to grasp net zero transition finance opportunity

Review urges UK to act quickly to grasp net zero transition finance opportunity

Government-commissioned Transition Finance Market Review publishes final recommendations to help make UK a world-leader in growing net zero financial market

Michael Holder
clock 17 October 2024 • 5 min read
Climate Action 100+: Can investors really convince the world's biggest emitters to decarbonise?

Climate Action 100+: Can investors really convince the world's biggest emitters to decarbonise?

More than 600 financial firms are now members of the investor initiative, but few of the firms they are targeting have credible net zero strategies in place

Michael Holder
clock 17 October 2024 • 7 min read