GFANZ consults on net-zero portfolio guidance

The Glasgow Financial Alliance for Net Zero has published for consultation the GFANZ Portfolio Alignment Measurement Report to give additional guidance for financial institutions on implementing and selecting portfolio alignment metrics. Among the suggestions and enhancements it offers is an illustrative credibility framework to assess emissions reduction targets and corporate net zero-aligned transition plans to project future GHG emissions of portfolio companies. Financial institutions need to work on their own net-zero transition plans as well as putting resource into managing their portfolio companies’ progress. The guidance sets out practitioner-use cases to help firms to do this.

Consultation is open until 12 September. GFANZ will then release a final report before COP27 in Egypt.

Emma Radmore