Mark Carney’s net-zero banking alliance backtracks on compulsory climate targets
Corporate Knights
NOVEMBER 3, 2022
More than 450 firms came together to commit to bringing their loan and investments down to net-zero by 2050 in what’s called the Glasgow Financial Alliance for Net Zero (GFANZ). GFANZ’s credibility rested largely on the obligation by signatories to commit to Race to Zero, the UN’s key net-zero campaign.
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