Investors owning assets worth $9.5tr reassert commitment to transitioning to net zero emission portfolios
Decline marks first time emissions from investor portfolios have declined since group was established in 2019
Glasgow Financial Alliance for Net Zero launches consultation to create 'consistent' definitions that would guide financial institutions' decarbonisation efforts
Former Bank of England appointed by his GFANZ co-chair Michael Bloomberg to chair his eponymous company's board
Latest spate of departures from UN-convened climate initiative follows Swiss Re earlier this week, joining Zurich, Munich Re and Hannover Re on exit list in recent months
Reinsurance giant withdraws from UN-led climate initiative 'with immediate effect', following hot on the heels of Munich Re, Zurich and Hannover Re
New framework for how asset owners can exert their influence and investment for decarbonisation represents a 'commitment of highest ambition', coalition argues
Two new reports have again warned how companies that are nominally committed to net zero goals are continuing to funnel billions of dollars into fossil fuel projects and failing to back climate-related shareholder resolutions
Asset management giant quits group, arguing it needs to provide investors with assurances that it is acting independently
Glasgow Financial Alliance for Net Zero stops short of proposing specific fossil fuel financing requirements or phase out timelines in new guidelines for members