GFANZ

Decision to 'water down' standards at 120-strong global banking group criticised as short-sighted by campaigners

More than 130 of the world's top banks in the Alliance are expected to be asked to vote on rowing back their climate goals in response to intensifying backlash against ESG policies

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.

Move means the six largest US banks have now quit the influential group following pressure from Republican politicians

It's back to school day - here are five major stories from across the green economy you may missed over the festive period

Glasgow Financial Alliance for Net Zero announces plan to restructure and ramp up efforts to boost clean energy investment, but campaigners warn group is watering down membership criteria

Guidance builds on established work on climate and net zero transition planning guidance for businesses, according to Taskforce on Nature-related Financial Disclosures (TNFD)

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