The Final Report recommends five themes that financial institutions should incorporate into their net zero transition strategies.
By Paul A. Davies, Michael D. Green, and James Bee
On 1 November 2022, the Glasgow Financial Alliance for Net Zero (GFANZ) issued its Final Report on the Fundamentals, Recommendations, and Guidance for Financial Institution Net Zero Transition Plans (the Report). The Report sets out a framework for transition planning, identifying financing strategies for financial institutions to effectively transition to net zero, and makes recommendations for implementing these strategies.