New guidance on net zero investment has been published by the Glasgow Financial Alliance for Net Zero (GFANZ).
GFANZ represents the world’s largest group of financial investment firms committed to net zero – and has now published this new framework to aid other investors in doing the same.
It was formed last year and revealed during COP26 its representation of more than $130 trillion (£107tn) in assets under management.
The emissions targets and net zero plans by corporate businesses will also be assessed by GFANZ, with a consultation on this new framework set to last until mid-September.
GFANZ is looking to encourage far more businesses to take net zero pledges and decarbonise investment portfolios.
Vice Chair Mary Schapiro commented: “If financial institutions are to deploy the capital required to usher in the net zero transition, they need a way to measure whether their financing activities align to their ambition.”