Banks and asset managers join forces to launch global finance plan to tackle climate change

Glasgow Financial Alliance for Net Zero brings existing net zero initiatives together

Pedro Gonçalves
clock • 1 min read
Former BoE Governor Mark Carney is leading the charge on the latest net zero alliance
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Former BoE Governor Mark Carney is leading the charge on the latest net zero alliance

Many of the world's biggest banks, asset managers, insurers, and asset owners have joined forces to form the Glasgow Financial Alliance for Net Zero (GFANZ), spearheaded by former Bank of England governor Mark Carney and US Treasury secretary Janet Yellen.

Although many financial firms have started to address the issue of climate change, the frameworks used can differ. That is why the new group will bring existing net zero initiatives together under one...

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