Two years of GFANZ – what’s next?
What can we expect from 2023 when it comes to banks’ portfolio decarbonization activities and strategies? We are trying to find the answers through a number of initiatives within our Qorus Sustainability & Regulation Community, created together with TNP Consultants as a partner. One of them is the event ‘Two years of GFANZ – what’s next?’, which took place on 9 March.
What can we expect from 2023 when it comes to banks’ portfolio decarbonization activities and strategies?
We are trying to find the answers through a number of initiatives within our Qorus Sustainability & Regulation Community, created together with TNP Consultants as a partner. One of them is the event ‘Two years of GFANZ – what’s next?’, which took place on 9 March.
Representing more than 550 global financial institutions that have committed to fully decarbonizing their portfolios by 2050, the Glasgow Financial Alliance for Net Zero (GFANZ) celebrates its second birthday in April 2023. A lot has changed thanks to GFANZ’s strong presence and awareness creation since its founding in April 2021: attention to banks’ financed emissions and net zero strategy is no longer a nice-to-have, but it is becoming more and more business as usual.
The event was kicked off by Peter Plochan, the community’s senior advisor and Global Climate & Risk Trainer and EMEA Principal Risk Management Advisor at SAS Institute, who started by exploring the risk, opportunity and greenwashing angle of climate change and their relevance for delivering the net zero transition, decarbonizing banks’ portfolios in the most efficient way while still making some decent profit.
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