The Latest Breaking News from GFANZ

ISO launches draft standard for net zero framework

In this week’s edition of Economy and Society:

Ballotpedia · Jun 24

The Guardian view on climate finance: crumbling under a second Trump presidency

Editorial: Voluntary climate commitments were supposed to be a step towards progress. A change in political climate has revealed their weaknesses

The Guardian - UK · Aug 10, 2025

Global financial sector dropping key green pledges as Trump takes office

Banks, asset managers and industry groups move to accommodate US president’s anti-net zero stance

The Guardian - UK · Jan 20, 2025

Banks still investing heavily in fossil fuels despite net zero pledges – study

Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’

The Guardian - UK · Jan 17, 2023

Wall Street reneges on climate promises

Vanguard, the world’s second-largest asset manager, announced it is resigning from a global net-zero initiative

Salon · Dec 11, 2022

Factbox-COP26 a year later: Where do last year's climate pledges stand?

A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update on how some of the biggest promises have since progressed.

Reuters · Nov 1, 2022

Mark Carney-led grouping drops U.N. climate initiative requirement

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.

Reuters · Oct 28, 2022

Mark Carney denies big banks threatened to quit climate finance group

Former BoE governor admits his net zero alliance weakened veto on coal investment because of ‘antitrust concerns’

The Guardian - UK · Oct 24, 2022

Economy and Society, October 11, 2022: Louisiana treasurer announces plan to divest state funds from BlackRock

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia · Oct 11, 2022

Bank group accused of exploiting loopholes and ‘greenwashing’ in climate pledge

‘Net zero’ global alliance of financial institutions, begun at Cop26, can still invest in coal and other fossil fuels

The Guardian - UK · Jun 15, 2022