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 Twitter Twitter Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report Case study catalogue 2023 | How Financial Services are helping to deliver a Just Transition May 2023 - How Financial Services are helping to deliver a Just Transition Case study catalogue 2023 | How Financial Services are helping to deliver a Just Transition Thought Piece Sustainable consumption is changing the way people spend May 2023 - More sustainable consumption will be one of the nine trends that could unfold over the next five to seven years. But when it comes to shopping online or at larger brands, it’s more difficult to understand the impact of your purchases on the planet. Sustainable consumption is changing the way people spend Thought Piece Accelerating private sector finance for nature May 2023 - Public sector financing alone will fall far short of the required levels of investment needed to achieve a nature-positive future. Turning things around won’t be easy, but nature-based solutions appear to be within reach—and could offer a significant opportunity for investors. Accelerating private sector finance for nature Thought Piece Boosting UK listings competitiveness May 2023 - UK regulators have acted swiftly in efforts to bring about changes to attract more companies to list in London. Boosting UK listings competitiveness