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Green Finance Briefing: GFANZ moves a step ahead on net zero portfolio alignment

  • GFANZ issued a report to provide guidance, clear definitions and case studies for financial institutions looking to develop and use portfolio alignment metrics to start decarbonizing their portfolios.
  • We deep dive into what climate metrics financial practitioners use today, as well as the key sectors to watch when it comes to Scope 3 emissions.
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Green Finance Briefing: GFANZ moves a step ahead on net zero portfolio alignment

Financial services need to decarbonize, but the banks and FIs looking to start this journey or deliver on their net-zero commitments are looking at a tricky road ahead.

It all sounds good in theory, but in practice, the whole endeavor is tremendously complicated.

Financial firms, investors, data providers and public bodies are investing time and money on a range of initiatives, according to EY. They’re looking at developing global carbon accounting standards; tackling challenging areas such as whether and how to include Scope 3 emissions; increasing the granularity of net-zero scenarios that can be used to set targets; and enhancing accreditation methodologies such as science-based targets. 

Aiming to provide guidance for the above, the Glasgow Financial Alliance for Net Zero (GFANZ) is moving the conversation forward by introducing a draft report on measuring portfolio alignment


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