Glasgow Financial Alliance for Net Zero (GFANZ)

GFANZ is a global coalition of leading financial institutions that has created a set of related frameworks, tools and other resources to accelerate the decarbonization of the economy.

1. GREENHOUSE GAS EMISSIONS FOR ELECTRONICS‍
GFANZ recommends Scope 3 based on "materiality". This fundamentally flawed stance undermines their recommendations listed below. Everything is material.
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GFANZ RECOMMENDATIONS
a.) emissions reductions targets should be consistent with 1.5 degrees C scenarios.
b.) net-zero emissions by 2050, with interim targets for 2030 or sooner.
c.) use low or no-overshoot scenarios wherever possible.
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PORTFOLIO FOOTPRINT REDUCTION TARGETS
GFANZ acknowledge "an over-emphasis on portfolio footprint reduction targets may have unintended consequences of reducing financing support to real-economy emissions reduction efforts."

‍2. BIODIVERSITY: The LEAP approach
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‍GFANZ addresses the need to protect and restore land, oceans, fresh water, and the atmosphere. Notably, they reference the Partnership for Biodiversity Accounting Financials (PBAF), a sister-initiative of PCAF (the Partnership for Carbon Accounting Financials). One assessment approach, being developed by the Taskforce on Nature-related Financial Disclosures (TNFD), is the LEAP approach. LEAP involves four core phases of analytic activity:
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a.) Locate your interface with nature;
b.) Evaluate your dependencies and impacts;
c.) Assessyour risks and opportunities; and
d.) Prepare to respond to nature-related risks andopportunities, and report to investors.

‍3. POLLUTION
Only one mention of pollution

IMPLEMENTATION STRATEGY
2) COMPONENT: ACTIVITIES AND DECISION-MAKING

Example 7: Groupe BPCE Green Weighting Factor
Sub-sector: Banking

"The bank assesses indicators on water, biodiversity, waste, and air pollution, though the weighting of each metric depends on the sector or project."

HOW MOBICYCLE CONSULTING WORKS

1. We identify your upstream and downstream electronics suppliers (based on available data)
2. We map your processes around electronics management (including your suppliers)
3. We retrieve data from your team, your suppliers and external resources
4. We combine the process maps and data into a preliminary report
5. We use the preliminary report to calculate Scope 3 emissions
6. We create a Scope 3 emissions report (the preliminary report with emissions calculations)
7. We integrate the Scope 3 emissions report with your other Scope 3 reporting, financial reporting, disclosures, etc.

This demo is to be used for example purposes only.