Legal & Regulatory News

GFANZ consults on interim report on measuring portfolio alignment for financial institutions

On 9 August 2022, the Glasgow Financial Alliance for Net Zero (the GFANZ) launched a public consultation on its draft report, "Measuring Portfolio Alignment: Enhancement, Convergence and Adoption".

The draft report sets out additional guidance for financial institutions on implementing and selecting portfolio alignment metrics in relation to the goal of net zero. The GFANZ workstream on portfolio alignment measurement is intended to promote convergence on methodological best practices on how financial institutions measure their progress towards meeting net zero commitments.

All recommendations made in the report are for guidance and are not legally binding obligations.

GFANZ has invited all stakeholders to review the report and provide feedback for a final iteration of the report that will be publish prior to COP27 in November 2022.

The deadline for responses to the consultation is 12 September 2022.

Click here for the draft report.

Click here to preview the survey questions.

Click here to provide feedback.