Glasgow Financial Alliance for Net Zero (GFANZ)

Our newest Index report, ‘Index Guidance to Support Real-Economy Decarbonisation’ (https://lnkd.in/eG-QtqUR), outlines potential guidance index participants may take to voluntarily and independently develop and adopt indices that support real-economy decarbonisation. Want to inform the final paper, which will be released in Q1 2025? Take this brief survey today: https://lnkd.in/eJi_EPfa

Financial institutions, including asset managers and index providers, can significantly influence the net-zero transition by incorporating climate risk into their investment strategies. Check out the executive summary of our latest consultation, Index Guidance to Support Real-Economy Decarbonization, for insight into how “transition-informed” indices can offer a way to align financial investments with real-economy decarbonization and support companies at various stages of climate action. After reading, take a few minutes to fill out the survey: https://lnkd.in/eeqnhRWG The survey closes January 9, 2025. We look forward to hearing from you!

We want to hear from you! Give us your feedback on the recently launched Nature in NZTP consultation paper (https://lnkd.in/eV_a_PAb) on integrating nature into net-zero transition plans for the purpose of achieving net-zero commitments. It’s easy to participate. 1️⃣ First, read through the consultation 2️⃣ Then, take a few minutes to fill out the survey: https://lnkd.in/eWfcD_VF That’s it! The survey closes January 27, 2025. We look forward to hearing from you!

Don't miss Simon Thompson and our friends at the Global Capacity Building Coalition (GCBC) at next week's Climate Finance Capacity Building forum! Click here to attend: https://lnkd.in/gTfykUP7

Climate change is both a significant challenge and a sustainable development opportunity for African countries, including Kenya. To that end, on Tuesday, 26 November, Glasgow Financial Alliance for Net Zero (GFANZ) Africa held, in collaboration with the African Development Bank Group, FSD Africa, Kenya Bankers Association, International Sustainability Standards Board (ISSB), and United Nations Environment Programme Finance Initiative (UNEP FI) a roundtable with senior leaders of Kenyan financial institutions to introduce GFANZ Africa’s initiatives and strengthen the capacity of Kenya’s financial sector for advancing climate resilience and transition finance strategies. GFANZ and those same collaborators also held, on Wednesday, 27 November, a technical workshop on practical strategies and frameworks to integrate climate and net-zero into Kenyan financial institutions’ strategies including but not limited to the United Nations Environment Programme Finance Initiative (UNEP FI)’s Climate Mitigation Journey transition framework, sustainability related-disclosures to unlock capital flow via IFRS Foundation, and transition plans through GFANZ’s framework. Thanks to all of our event collaborators and participants, including, Dylan Hauser, Diana Chepng'eno Rono Wainaina, Evans Osano, Elizabeth Irungu, CFA, Kellen Kariuki, Mark Napier, Mahmoud Mohieldin, Mohamed Farid Saleh, Manuel Moses, Mary M. Njuguna, Nuran Ashraf Atef, Rajiv Garg, Raimond Molenje, Simon Messenger, Timothy Afful-Koomson, PhD, and Ugas Sheikh-Mohamed, among others.

Our latest Index report, ‘Index Guidance to Support Real-Economy Decarbonisation’ (https://lnkd.in/eG-QtqUR), outlines potential guidance index participants may take to voluntarily and independently develop and adopt indices that support real-economy decarbonisation. Want to inform the final paper, which will be released in Q1 2025? Take this brief survey: https://lnkd.in/eJi_EPfa

Don't miss Glasgow Financial Alliance for Net Zero (GFANZ) Co-Chair Mark Carney at the upcoming Sustainable Finance Forum in Ottawa this week. 👉 Register here: https://lnkd.in/gHYa_V-J

Don't miss this special post-COP29 Azerbaijan conversation with UN Special Envoy on Climate Action and Finance and GFANZ Co-Chair Mark Carney. 📅 26 November, 12pm-1pm ET 🎙️ C3A-Prosperity and Climate Talk: Episode 1 - Building a Net-Zero Financial System (with Alissa M. Kleinnijenhuis) 👉 Register here: https://lnkd.in/e6BjXhbp

Renewables are now the cheapest form of energy in most markets and their deployment in developing economies can spread prosperity and build the resilience of those nations. However, investment is falling short. Closing the clean energy finance gap will require the development of robust energy sector transition plans and policy frameworks, as well as making tools that reduce investment risk more widely available. The Global Clean Power Alliance launched by Prime Minister Starmer, President Lula and other world leaders will deliver the ambitious action needed to solve this challenge. Its Clean Energy Finance Mission will increase investment by supporting the development of country platforms, building the pipeline of projects and supporting the continued reform of the international financial architecture. This will include scaling instruments that address risks that the private sector cannot manage itself. This will ensure public funds mobilise many times their value in private capital – delivering far bigger results for each dollar deployed and accelerating progress in the countries that need it most. Most of the investment required to meet the goals of the Paris Agreement will come from the private sector, and that’s most likely to happen when governments send a clear signal and work with business as they are with the Clean Energy Finance Mission. As countries debate the New Collective Quantified Goal at COP29, they should recognise how catalytic public finance can crowd in private capital and commit to make Nationally Determined Contributions investible through economy-wide transition plans and robust policy frameworks. https://lnkd.in/gCwqm35Q

There’s no net zero without nature!  That’s the central theme of our recent ‘Nature in NZTP’ report (and handy infographic), which you can read here https://lnkd.in/eV_a_PAb. You can preview all the nature and net-zero messaging in our report infographic, including key terminology and stats! After reading, take a few minutes to fill out the survey: https://lnkd.in/eWfcD_VF The survey closes January 27, 2025. We look forward to hearing from you!