GFANZ is in freefall - so what happens next?

clock • 4 min read

The collapse of the idea that a voluntary alliance of financial sector firms could drive sufficient climate and nature ambition is an opportunity to focus on the real issues, writes Finance Innovation Lab's Jon Dennis.

2025 has begun with the rapid unravelling of the Glasgow Financial Alliance for Net Zero – GFANZ – which was established amid much optimism in 2021 to help drive financial sector alignment with climate...

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

'Climate debt': Investments by super-rich linked to nearly $1tr in annual climate damages

'Climate debt': Investments by super-rich linked to nearly $1tr in annual climate damages

Investments in high-emitting activities by the ultra-wealthy are linked to disproportionate levels of climate harm, Greenpeace Africa report claims

Stuart Stone
clock 10 June 2026 • 4 min read
'Climate Chaos': World's top 65 banks committed over $900bn to fossil fuel firms in 2025

'Climate Chaos': World's top 65 banks committed over $900bn to fossil fuel firms in 2025

Financing for coal, gas and oil rose for second successive year in 2025, led by continued investment from banks in the US and Japan

Michael Holder
clock 09 June 2026 • 5 min read
FCA moves to simplify UK climate risk reporting for investment funds

FCA moves to simplify UK climate risk reporting for investment funds

UK's Financial Conduct Authority launches consultation over changes to climate risk reporting rules it estimates could save the investment management sector £20m a year

Robin Amos, Investment Week
clock 05 June 2026 • 2 min read