GFANZ

Separately, a methodology for coal phase-out 'transition credits' is set to be released at COP28.

Carbon Tracker has criticised government policies for giving ‘mixed messages’ on climate change.

Net Zero Financial Services Providers Alliance lags on target-setting frameworks, removes references to credit rating agencies from its website.

Big asset managers committing to 2050 net-zero targets was ‘frankly never going to work’, says responsible investment body’s chief sustainable systems officer at Oxford event.

The need to transition coal assets is particularly urgent within the region.

US responsible investment firm cites legal and compliance concerns over net-zero pledge.

The Swiss insurer is the second to drop out of initiative following Munich Re last week.

Financial news from Sharm El-Sheikh: IOSCO consults on carbon markets compliance, The White House publishes nature-solutions roadmap.

It comes as NGOs are 'extremely concerned' over change to GFANZ target setting requirements.

The initiative hopes to address global gaps in climate transition data.