Glasgow Financial Alliance for Net Zero
Accelerating the transition to a net-zero global economy
The Glasgow Financial Alliance for Net Zero (GFANZ) is a global coalition of leading financial institutions committed to accelerating the decarbonization of the economy.
Achieving the objective of the Paris Agreement to limit global temperature increases to 1.5°C from pre-industrial levels requires a whole economy transition. Companies, banks, insurers, and investors will need to adjust their business models, develop credible plans for the transition to a low-carbon, climate-resilient future, and then implement those plans.
GFANZ has worked to develop the tools and methodologies needed to turn financial institutions’ net-zero commitments into action.
Led by financial institutions and climate experts
GFANZ is led by a Principals Group comprising CEOs from financial institutions that have joined an Alliance, representative(s) from the UN, chairs of the GFANZ regional networks and the GFANZ Leadership Team. An Advisory Panel of technical climate action groups ensures that GFANZ’s work is held to the highest standards of ambition while keeping climate science at the heart of everything GFANZ does. Michael R. Bloomberg, UN Special Envoy on Climate Ambition and Solutions, and Mark Carney, UN Special Envoy for Climate Action and Finance, serve as GFANZ Co-Chairs, and Mary Schapiro serves as the Vice Chair and Head of the Secretariat.
Latest news
COP28 Presidency, GFANZ and VCMI Commit to Working with Businesses, and Other Stakeholders to Grow High-Integrity Demand in Voluntary Carbon Markets
Statement from GFANZ Co-Chairs and Vice Chair on the U.S. Treasury’s Net Zero Financing & Investment Principles
GFANZ Launches Consultation on Transition Finance Strategies and Measuring the Impact on Emissions
GFANZ Africa Network, African Development Bank Announce Climate Action Partnership
GFANZ Announces Hong Kong Chapter to Support Asia-Pacific Net-Zero Transition
Key outcomes from High-Level Roundtable on Voluntary Carbon Markets co-hosted by COP28, GFANZ, and IIF
Statement from International Monetary Fund Managing Director, COP28 President-Designate, President of the World Bank Group, and UN Special Envoy for Climate Action and Finance
Key outcomes from a High-Level Roundtable on Voluntary Carbon Markets at The Summit for a New Global Financing Pact
Publications
Your source for transition guidance
GFANZ regularly publishes transition planning resources for financial institutions, including guidance on net-zero transition plans, sectoral pathways, real-economy transition plans, portfolio alignment measurement, and the managed phaseout of high-emitting assets. Visit our Publications section to view and download our reports.
Publications
Explore our current areas of focus
GFANZ regularly publishes resources in the areas of financial institution net-zero transition plans, mobilizing capital for emerging markets and developing economies, and net-zero public policy. Visit our Publications section to review and download our reports.
Defining Transition Finance and Considerations for Decarbonization Contribution Methodologies
The consultation seeks market feedback on a principles-based approach to segment portfolios by the four key strategies and highlights potential approaches to estimate associated decarbonization contribution impact, drawing on existing methodologies and concepts.
Defining Transition Finance and Considerations for Decarbonization Contribution Methodologies
The consultation seeks market feedback on a principles-based approach to segment portfolios by the four key strategies and highlights potential approaches to estimate associated decarbonization contribution impact, drawing on existing methodologies and concepts.
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Sign up to receive our newsletter and stay updated on the latest GFANZ news and events.