Big Finance commits $100tn-plus to tackle net-zero challenge

Carney-led GFANZ under pressure to dispel greenwashing concerns

20211107N Glasgow Earth photo

A giant Earth looms over a meeting hall at the United Nations' COP26 climate change conference in Glasgow, Scotland, on Nov. 2. The financial sector has been playing a growing role in the global push to decarbonize. © Reuters

KYOHEI SUGA, Nikkei staff writer

TOKYO -- Banks, insurers, asset managers and others worldwide have committed more than $100 trillion in private capital to achieving net-zero greenhouse gas emissions over the next three decades as the financial sector takes a leading role in advancing technological and societal shifts.

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