GFANZ

New framework for how asset owners can exert their influence and investment for decarbonisation represents a 'commitment of highest ambition', coalition argues

Two new reports have again warned how companies that are nominally committed to net zero goals are continuing to funnel billions of dollars into fossil fuel projects and failing to back climate-related shareholder resolutions

Asset management giant quits group, arguing it needs to provide investors with assurances that it is acting independently

Glasgow Financial Alliance for Net Zero stops short of proposing specific fossil fuel financing requirements or phase out timelines in new guidelines for members

Mark Carney-led, multi-trillion-dollar net zero finance initiative drops requirement for its members to join UN climate campaign

Underwhelming results of Climate Action 100+ benchmarking exercise prompts calls for reform of investo group's approach when it reboots for a new five-year cycle next year

Australia's Cbus Super and Austria's Bundespensionskasse quit the Net Zero Asset Owner Alliance and the Paris Aligned Asset Owners initiative respectively, both citing resource and data reporting challenges

Survey by CDP reveals top US firms see climate action as major economic opportunity

NGOs write open letter to UN Environment Programme Finance Initiative (UNEP-FI) calling for bolder measures to ensure banks' net zero pledges are met

Glasgow Financial Alliance for Net Zero is seeking public comment on new Portfolio Alignment Measurement Report, which aims to set out how financial firms can deliver on net zero goals