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GFANZ Launches Net Zero Alignment Guidance

The Glasgow Financial Alliance for Net Zero (GFANZ) has published a report proposing new and enhanced guidance on measuring the alignment of financial institutions’ investment, lending, and underwriting activities with their net zero commitments. GFANZ is a coalition of financial institutions which have committed to aid the transition the global economy to net zero greenhouse gas (GHG) emissions. The consultation report’s proposed enhancements aim to address current gaps and accelerate progress toward the wider adoption of portfolio alignment metrics among financial institutions committed to supporting a 2050 transition. One key enhancement is an illustrative credibility framework to help assess emissions reduction targets and corporate net zero transition plans in order to project future GHG emissions of portfolio companies. David Blood, Senior Partner at investment management firm Generation Investment Management, said: “The proposed enhancements in today’s report should help provide financial institutions with the guidance they need to implement credible and easy-to-use tools to navigate the net-zero transition and make more informed business decisions.” 

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