Cboe Global Markets, Deutsche Börse, GRESB and Arcturus have joined the Net Zero Financial Service Providers Alliance (NZFSPA) at COP27.
NZFSPA is delighted to announce four new members. They will support the net zero transition within their markets and commit to net zero by 2050.
Part of the Glasgow Financial Alliance for Net Zero (GFANZ), NZFSPA is a global group of financial service providers. Members commit to supporting global net zero greenhouse gas emissions by 2050 or sooner, in line with the ambition to limit global temperature increase to 1.5°C above pre-industrial levels.
NZFSPA now comprises 27 financial market service providers, which are organised into six sub-groups.
Strength in unity
Ed Tilly, Chairman and CEO of Cboe Global Markets, said: “As the foundation for global market infrastructure, exchanges play a vital role in providing solutions, defining industry standards, and engaging with issuers, investors and policymakers to promote sustainability in our capital markets.
“Cboe is proud to join the Net Zero Financial Service Providers Alliance, another major step forward in our commitment to supporting the global transition to a low carbon future. We look forward to engaging with our peers to develop best practices for our industry as we work towards achieving net zero.”
CEO of GRESB, Sebastien Roussotte, commented:
“As a mission-driven organisation, GRESB has always been committed to supporting efforts to create a sustainable world.
“The Net Zero Financial Service Providers Alliance is directly aligned with GRESB’s mission, and joining this Alliance allows us to not only reconfirm that commitment, but also accelerate the provision of credible and science-based tools and standards to enable the necessary transition to net zero.”
Safeguarding future generations
“Climate change and the sustainable transformation mark one of the most important challenges we are facing globally, especially to safeguard our planet for future generations,” explains CEO and Executive Board Member of Deutsche Börse, Theodor Weimer.
“Capital markets play a critical role in achieving this sustainable transformation, and as a leading European market infrastructure provider and global powerhouse, Deutsche Börse takes pride in fulfilling its role as key catalyst.
“I am therefore delighted to announce that Deutsche Börse will join and support the Glasgow Financial Alliance for Net Zero. Together with our clients and regulators, we will accelerate the global transformation towards a low carbon future, which will boost the resilience and viability of our economies and the broader financial system.”
Details in the data
Arcturus CEO, Jonathan McCullagh, commented:
“As a software company delivering climate data analytics and sustainability data management services, we are excited to join the Alliance today and reaffirm our commitment to supporting financial institutions on their journey to net zero.
“Increased transparency and climate disclosures are the key enablers of this ambitious goal. We are proud to be a part of the solution by providing automated GHG emission accounting and proprietary assessment of the transition to net zero, aligned with the prominent standards and best-available climate science.
“We are equally focused on providing decarbonisation insights that will support companies in their climate transition planning and risk management.”
