Environmental audit committee opens enquiry into financial sector’s net-zero role
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Environmental audit committee opens enquiry into financial sector’s net-zero role

Luke Harrison
31 May 2022
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The UK’s Environmental Audit Committee (EAC) has opened an inquiry to assess the role of the financial sector in the transition to net-zero and examine the work of the Glasgow Financial Alliance for Net Zero (GFANZ), launched at US President Biden’s climate summit in April 2021.

Due to the global reach and assets covered by GFANZ initiatives and the role of UK financial institutions in supporting reductions in fossil-fuel extraction, the EAC said it considered such initiatives to be crucial in determining whether the UK...

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Luke Harrison
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