Glasgow Financial Alliance for Net Zero faces pressure to tighten fossil fuel rules

Michael Holder
clock • 3 min read
Financial firms collectively responsible for over $70tr investments have signed up to GFANZ groups
Image:

Financial firms collectively responsible for over $70tr investments have signed up to GFANZ groups

Over 90 green groups demand stricter membership rules for a raft of corporate financial net zero groups ahead of COP26

Green groups have warned the UN-backed Glasgow Financial Alliance for Net Zero (GFANZ) led by Mark Carney risks providing 'greenwash' cover for banks, investors and insurers to continue backing new fossil...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

'Too much capital on the sidelines': Government urged to ramp up transition finance

'Too much capital on the sidelines': Government urged to ramp up transition finance

Transition Finance Council calls on Ministers to scale up economy-wide transition planning and promote support for carbon intensive industries

James Murray
clock 16 September 2025 • 3 min read
UK on track for record renewable energy M&A activity this year

UK on track for record renewable energy M&A activity this year

Knight Frank research shows UK renewables market is creating 'significant opportunities' for investors, developers, and operators

clock 12 September 2025 • 3 min read
Top investors: Global clean energy transition now 'unstoppable'

Top investors: Global clean energy transition now 'unstoppable'

Survey of over 700 global investment professionals finds over two thirds are drawn to funds focused on the energy transition

James Murray
clock 10 September 2025 • 2 min read