Glasgow Financial Alliance for Net Zero
Insights
Recommendations and Guidance on Financial Institution Net-zero Transition Plans
GFANZ Private Finance Working Group for NWFE: Statement of Support
In this Statement of Support, the members of the Glasgow Finance Alliance for Net Zero (GFANZ) Private Finance Working Group for Egypt’s Nexus for Water, Food & Energy (NWFE) express their strong support for the Government of Egypt’s (GoE’s) ambitious plan for energy transition via NWFE. This plan, prepared under the umbrella of the 2050 National Climate Change Strategy (NCCS) and Nationally Determined Contribution (NDC), seeks to achieve inclusive and sustainable growth, a low-carbon development and developing resilience and adaptability to climate change.
GFANZ Progress Report 2024
This GFANZ Progress Report outlines the progress made in 2024 and how that momentum can be sustained. This year, GFANZ continued to provide financial institutions with tools, frameworks, and voluntary guidance to support the net-zero transition, which bolsters economic growth and manages the financial risks of climate change. Our work will continue to evolve and reflect the needs of financial institutions and support opportunities to accelerate the transition to a sustainable and prosperous global economy.
Guidance on Use of Sectoral Pathways for Financial Institutions
This publication offers guidance and a framework to help financial institutions evaluate suitability of sectoral pathways in their transition planning process and implementation efforts.
Executive Summary Translations
Driving Change through Ambition, Action and Accountability
Read Mark Carney’s recent speech at The Inaugural Sir Roger Gifford Lecture at Mansion House on October 24, 2022. In this speech, Mark Carney commemorates Sir Roger Gifford, a luminary in climate finance who combined the best in thought leadership with the most determined action.
Mark Carney’s Keynote Address at Achieving a global, 1.5-aligned energy transition
Read Mark Carney’s opening keynote from the Achieving a global, 1.5-aligned energy transition event with BloombergNEF, hosted in London on October 6, 2022. The event, hosted by GFANZ and BloombergNEF, brought together a select group of industry experts across energy, finance, civil society, and government to discuss the role of the energy sector on the path to net zero emissions by 2050. The goal being to build consensus on the actions needed in the energy sector to deliver a global, 1.5-aligned energy transition. The session featured keynote speeches from UN Special Envoy and former co-chair of GFANZ Mark Carney and the IEA’s Chief Energy Economist Tim Gould.
Statement on Deforestation Financing from the Co-Chairs and Vice Chair of GFANZ
GFANZ Co-Chairs Michael R. Bloomberg, Mark Carney, and Vice Chair Mary Schapiro provide a statement on deforestation policies as integral to financial institution transition planning.
GFANZ statement on Country Platforms
In this Private Sector Statement, GFANZ pledged its support and released recommendations for the implementation of major energy transition Country Platforms for Emerging Markets and Developing Economies (EM&DEs). For the full list of recommendations and to learn more, read the draft GFANZ Private Sector Statement on Country Platforms below.
Nature in Net-zero Transition Plans
This consultation covers how nature-related levers can support net-zero commitments by reducing GHG emissions from land, ocean, and freshwater sources, and by creating or increasing GHG sinks. It also features supplemental, voluntary guidance on how to incorporate nature-related levers as part of a strategic, credible net-zero transition plan.
Index Guidance to Support Real-Economy Decarbonization
This consultation outlines potential guidance index participants (index providers, data providers, stock exchanges, asset owners, asset managers and other investors) may take to voluntarily and independently develop and adopt indices that support real-economy decarbonisation.
Case Studies on Transition Finance and Decarbonization Contribution Methodologies
This report illustrates how financial institutions have independently developed and implemented approaches that support the GFANZ four key transition financing strategies and showcases results from the pilot of emergent decarbonization contribution methodologies.
