GFANZ opens public consultation on guidance document assessing portfolio alignment with net zero targets for the financial sector, but accurate measurement of climate risks remains an obstacle for the sector. That makes agreement on, and standardisation of, portfolio alignment metrics (PAMs) critical to achieving net zero.
Glasgow Financial Alliance for Net Zero GFANZ
Glasgow Financial Alliance for Net Zero
Portfolio alignment metrics (PAMs) are measurement systems that financial firms can use in order to assess the progress of their investments to decarbonise, as well as inform new investment activities to decarbonise their own portfolio and meet net zero targets.