Green Finance Alliance: Together towards 1.5°C - Fortschrittsbericht 2024

The Green Finance Alliance (GFA) has entered its third year and continues to be the leading Austrian initiative for future-oriented financial companies. With ambitious implementation criteria and annual monitoring by independent experts, the GFA is the f irst government-led initiative of its kind to play a pioneering role globally.

The GFA breaks down the long-term 1.5°C Paris climate target for financial companies into concrete, short-term measures. Thereby, it outlines a practical way to achieve the Paris climate targets. Annual climate reporting and the gradual phasing out of coal, oil and gas in the core business constitute the framework.

Not only the climate crisis, but also the second major ecological challenge of our time, the loss of biodiversity, requires decisive action. This is why the GFA is dedicating a new focus to biodiversity. Although the area is receiving increasingly more attention from the financial sector, the implementation of biodiversity criteria for financial companies is still in its infancy. Therefore, the GFA is expanding its expertise in this area.

A great deal has happened in the GFA, and the upcoming year remains equally dynamic. In this second progress report, we invite our readers to learn about the aggregated evaluation results of the members, the new addition to the initiative, implemented f lagship projects and our plans for the coming years.

Herausgeber:

Federal Ministry Republic of Austria Climate Action, Environment, Energy, Mobility, Innovation and Technology

Ausgabejahr:

2024

Ausgabeort:

Vienna

Format:

Download

Kategorie:

Green Finance

Seitenanzahl:

46