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Net-zero banking alliance reflects growing recognition of costs of financing a climate catastrophe

But can some of the world s largest banks be trusted to keep their commitments? by Charlie Smith on April 24th, 2021 at 9:59 AM 1 of 3 2 of 3 This week, some in the world of high finance showed their willingness to get on with solving the climate crisis. Forty-three financial institutions, including Vancity credit union, are among more than 160 firms that joined the Glasgow Financial Alliance for Net Zero. It s chaired by Mark Carney, the UN Special Envoy on Climate Action and Finance and the former governor of the Bank of Canada and Bank of England. Collectively, the 43 financial institutions have assets of US$28.5 trillion.

BBVA joins the net zero emission banking alliance

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. BBVA joins the net zero emission banking alliance 2 hours ago BBVA has joined the Net-Zero Banking Alliance (NZBA) as one of the 43 founding members. Banks in this international alliance commit to ensuring that all of their credit and investment portfolios are neutral in net emissions of greenhouse gases by 2050, in line with science and the most ambitious targets in the Paris Agreement. In addition, the direct impact of their activities must also be neutral - something that BBVA already achieved in 2020.

Mark Carney, UN Race to Zero campaign and COP26 Presidency launch Net Zero Financial Alliance with world s biggest banks

Date Time Share Mark Carney, UN Race to Zero campaign and COP26 Presidency launch Net Zero Financial Alliance with world’s biggest banks The Glasgow Financial Alliance for Net Zero (GFANZ), chaired by Mark Carney, UN Special Envoy on Climate Action and Finance, unites over 160 firms (together responsible for assets in excess of US$70 trillion) from the leading net zero initiatives across the financial system to accelerate the transition to net zero emissions by 2050 at the latest. All GFANZ member alliances must be accredited by the UN Race to Zero campaign. They must use science-based guidelines to reach net zero emissions, cover all emission scopes, include 2030 interim target setting, and commit to transparent reporting and accounting in line with the UN Race to Zero criteria.

Vancity Joins Global Net-Zero Banking Alliance as Founding Signatory

Vancity Joins Global Net-Zero Banking Alliance as Founding Signatory
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