Glasgow Financial Alliance for Net Zero
Insights
Call to Action
GFANZ’s Call to Action recognizes that if the world is to achieve an orderly transition to Net Zero – and so avoid the massive human, social, economic loss and financial instability associated with failing to meet the objectives of the Paris Agreement – more governments must follow through on the commitments of the Paris Agreement and ensure a Just Transition to a net zero global economy.
GFANZ launch
GFANZ’s Launch Document detailing the original goals and structure of the organization when it was launched in April 2021.
“How to reap the rewards of coal phaseout” by Mary Schapiro, Vice Chair of GFANZ, and Ravi Menon, Chair of the GFANZ Asia-Pacific Network Advisory Board
One of the best ways to fight climate change is to accelerate the retirement of coal power plants. Every credible pathway to avoid the most severe impacts of climate change requires accelerating the closure of the world’s coal capacity.
Towards a Global Baseline for Net-zero Transition Planning
This guide provides an overview of the voluntary, pan-financial sector net-zero transition planning tools and guidance developed by GFANZ in 2022, and how these resources can be used together to support financial institutions’ efforts to develop and implement net-zero transition plans.
Recommendations and Guidance on Financial Institution Net-zero Transition Plans
This publication describes how financial institutions across the financial system can operationalize their net-zero commitments and support the real-economy transition.
Executive Summary
This document presents the key concepts, recommendations, and guidance for net-zero transition planning in financial institutions.
Fundamentals, Recommendations, and Guidance
This document presents voluntary, pan-sector, globally-applicable recommendations of the elements of a net-zero transition plan with accompanying guidance, examples, and case studies. Also contained herein are details on the core concepts that GFANZ believes underlie the elements of a net-zero transition plan.
GFANZ Japan Chapter COP28 Japan Pavilion Presentation – Financing the Transition of High-Emitting Industries
Calling for a High Ambition Path to Net-Zero
Statement by Mark Carney, (UN Special Envoy for Climate Action and Finance), Günther Thallinger, (Chair, UN-convened Net Zero Asset Owner Alliance), Bill Winters (Group CEO, Standard Chartered), Tim Adams (President and CEO, Institute of International Finance), Annette Nazareth (Senior Counsel at Davis Polk and former Commissioner of the U.S. SEC), and Lord Nicholas Stern (Chair of the Grantham Research Institute on Climate Change, LSE) on Scaling Voluntary Carbon Markets.
RMI’s Metrics and Mechanisms to Finance a Managed Coal Phaseout
RMI’s Center for Climate-Aligned Finance has created two working papers for private FI involvement financing the managed phaseout of coal power. These papers were prepared at the request of the Glasgow Financial Alliance for Net Zero (GFANZ) and lay out guidance on metrics and targets and financial mechanisms.
Mark Carney’s Lecture at L’INSTITUT DE FRANCE, Académie des Sciences Morales et Politiques
GFANZ Co-Chair Mark Carney addresses Académie des Sciences Morales et Politiques on the subject of global governance of the environment on March 13, 2023.
Mark Carney’s Finance Day Speeches at COP26
GFANZ Co-Chair Mark Carney lays out his vision for the role of private finance in transitioning the global economy to net zero. Read both speeches below.