City of London: From commitment to action | tracking UK financial services’ progress on the pathway to net zero

31 May 2023

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, such as the Glasgow Financial Alliance for Net Zero (GFANZ).

Commitment is a great starting point. The next step is to realise the commitments and build a transparent mechanism that tracks transition progress. 

Our new report, jointly produced with Climate Policy Initiative, was released at this year's Net Zero Delivery Summit. The report reveals that UK financial institutions are frontrunners in both setting defined climate goals and in implementing climate action, along with the US. 

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