A growing number of global financial institutions, including participants in the Net-Zero Asset Owner Alliance (convened by the UN Environment Programme Finance Initiative and the Principles for Responsible Investment), the UN-Convened Net-Zero Banking Alliance, Africa Investor, Convergence, the Glasgow Financial Alliance for Net Zero (GFANZ) Capital Mobilization Workstream, Global Investors for Sustainable Development (GISD) Alliance, Institutional Investors Group on Climate Change (IIGCC), the Investor Leadership Network (ILN), Sustainable Markets Initiative Blended Finance Task Force (SMI), GI Hub Private Sector Advisory Council (GI Hub),
are committed to contributing to a global just transition. This Call to Action builds on their previous recommendations for specific policy measures, as well as recent welcome actions from Multilateral Development Banks (MDBs). Financial institutions also hope that the ongoing dialogue with the MDBs to drive forward the process of transformation will gather further momentum in the months ahead.
