![]() The value of these documents lies in the story they tell when reviewed together. In addition, the Alliance also executes coordinated advocacy and alignment as the banking element of the Glasgow Financial Alliance for Net Zero and the climate-focused element of the Principles for Responsible Banking. To understand a company’s financial positionboth on its own and within its industryyou need to review and analyze several financial statements: balance sheets, income statements, cash flow statements, and annual reports. The Alliance is convened by the UN Environment Programme Finance Initiative, and is a part of the Race to Zero. It recognises the vital role of banks in supporting the global transition of the real economy to net-zero emissions. ![]() The Alliance reinforces, accelerates and supports the implementation of decarbonisation strategies, providing an internationally coherent framework and guidelines in which to operate, supported by peer-learning from pioneering banks. As the banking alliance within the global efforts on net zero across the finance industry brought together under GFANZ, the NZBA is open to all banks globally, including banks that are not UNEP FI members and Principles for Responsible Banking signatories. The first edition of The business finance guide made a good start in helping businesses become better informed. NZBA is the flagship climate initiative under the Principles for Responsible Banking to accelerate science-based climate target setting and develop common practice. The industry-led, UN-convened Net-Zero Banking Alliance brings together a global group of banks, currently representing over 40% of global banking assets, which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050.Ĭombining near-term action with accountability, this ambitious commitment sees signatory banks setting intermediate targets for 2030 or sooner using robust, science-based guidelines.
0 Comments
Leave a Reply. |