A coalition of financial firms led by former Bank of England governor Mark Carney that aims to tackle climate change said on Thursday it has dropped a requirement for its members to sign up to a United Nations emissions reduction campaign.
The move drew criticism from climate activists worried it would ease pressure to act on the banks, insurers and asset managers signed up to the Glasgow Financial Alliance for Net Zero (GFANZ), a group which in total accounts for assets worth some $153 trillion.
