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GFANZ launches net-zero Asia-Pacific Network
Global coalition aims to accelerate regional efforts to reduce GHG emissions by 2050
The Asset 8 Jun 2022

The Glasgow Financial Alliance for Net Zero (GFANZ), a practitioner-led global coalition of financial sector institutions working to accelerate the world’s transition to net-zero greenhouse gas (GHG) emissions by 2050, has created the Asia-Pacific Network to support engagement with financial institutions and policymakers across the region, and opened its first office in Singapore.

To reinforce the global work and outputs of GFANZ, the Asia-Pacific Network will help ensure the perspectives and expertise of firms and actors across the region are reflected and adapt GFANZ’s global research and efforts to meet Asia-Pacific’s unique and diverse needs.

The network will be supported by global and regional partners, including the Singapore Exchange, Temasek and the Monetary Authority of Singapore (MAS). It will be led by newly appointed Yuki Yasui, who has experience as the Asia-Pacific lead for the United Nations Environment Programme Finance Initiative. As director, Yasui will report to the GFANZ leadership team of Mark Carney, Mike Bloomberg, Mary Schapiro and Nigel Topping – as well as a newly formed GFANZ Asia-Pacific advisory board.

The board, composed of leading regional figures from climate and finance, will provide guidance and advice to the network, including strategic direction, local and regional expertise, and representation in overseeing its workplan and outputs.

Ravi Menon, MAS managing director and chair of the Network for Greening the Financial System will chair the board and will be joined by leading experts on climate finance from both private, public and civil society sectors.

“The world cannot address climate change without finance,” says Mark Carney, GFANZ co-chair and UN special envoy for climate action and finance. “Similarly, the global financial system cannot do its fair share without the leadership of the Asia-Pacific financial institutions. Our new Asia-Pacific Network, advisory board and Singapore office will bring Asian finance to the heart of GFANZ to help solve this global challenge.”

GFANZ will launch additional regional networks in Africa and Latin America in the coming months.

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Janet Li
Janet Li
partner and wealth business leader, Asia
Mercer
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Conversation
Janet Li
Janet Li
partner and wealth business leader, Asia
Mercer
- JOINED THE EVENT -
Webinar
Developing strategies supporting sustainable investing
View Highlights

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