Posted: 24 May 2023 Resource Type: Research Report Download Back Global financial services institutions are ramping up their effort to address the climate crisis. Many of them have made formal climate commitments and joined key initiatives like GFANZ. Set up in April 2021, GFANZ is a global coalition of leading financial institutions committed to accelerate the decarbonisation of the economy. Commitment is a great starting point. The next step is to realise the commitments and build a transparent mechanism that tracks transition progress. This report, jointly produced with Climate Policy Initiative (CPI), provides an early overview of the progress of UK GFANZ financial institutions in turning net zero commitments into actions, with a focus on subsectors including asset management, insurance, and banking. It also includes comparisons with GFANZ institutions outside of the UK. This can help us to identify achievements as well as raise awareness on challenges going into COP28. 100% All UK GFANZ entities have set climate targets ~100% Almost all UK GFANZ entities have made plans to implement their climate goals +57% direct investments in climate solutions from UK GFANZ entities 2018-2020 The Net Zero Delivery Summit 2023 The Net Zero Delivery Summit 2023 Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece How the UK can help to put Saudi Arabia on an accelerated path to a sustainable future Jul 2024 - How the UK's expertise in sustainable finance and global infrastructure financing can help accelerate Saudi Arabia on its path to a sustainable future. How the UK can help to put Saudi Arabia on an accelerated path to a sustainable future Research Report The City of London Corporation's work in support of financial and professional services: annual review 2023/2024 Jul 2024 - The City of London Corporation's annual review on the extensive programmes of work in the UK's financial and professional services industry in 2023/2024. The City of London Corporation's work in support of financial and professional services: annual review 2023/2024 Thought Piece Harnessing the power of London for global climate action: Reflections on London Climate Action Week 2024 Jul 2024 - London Climate Action week is a global moment that sees leaders, organisations and communities from across the world descend on London to drive climate action. Here are some highlights from myself and the City of London sustainable finance team. Harnessing the power of London for global climate action: Reflections on London Climate Action Week 2024 Research Report City statistics briefing Jul 2024 - The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. City statistics briefing