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
Mark Carney’s ‘Climate Finance in a Polycrisis Era’ Opening Keynote at COP27 Finance Day
GFANZ Private Finance Working Group for NWFE
Michael R. Bloomberg Deepens Commitment to Moving The World Beyond Coal
GFANZ launches critical resources for financial institutions
GFANZ reveals year of membership growth
GFANZ releases blueprint for real-economy transition plans
GFANZ expresses support for Country Platforms
GFANZ launches Asia-Pacific Network
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.
GFANZ 2022 Progress Report
This report details the progress GFANZ has made in 2022 under our program of work to support financial institutions in operationalizing their net-zero commitments, accelerate capital mobilization to EM&DEs, and advocate for credible policies and standards to enable net-zero transition across the globe.
Download the report (updated as of 9 November 2022)
GFANZ 2022 Progress Report
This report details the progress GFANZ has made in 2022 under our program of work to support financial institutions in operationalizing their net-zero commitments, accelerate capital mobilization to EM&DEs, and advocate for credible policies and standards to enable net-zero transition across the globe.
Download the report (updated as of 9 November 2022)
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Keep up with GFANZ
Sign up to receive our newsletter and stay updated on the latest GFANZ news and events.