Green Finance Alliance Climate protection pioneers

By establishing the Green Finance Alliance, the Ministry for Climate Action has launched an initiative that supports financial companies on their pathway towards achieving climate neutrality. Thereby, Austria takes an important step towards the implementation of the climate protection objectives, as defined in the Paris Agreement, for firms from the financial sector. The Green Finance Alliance is among the first global government-backed initiatives, which calls on financial companies to make a voluntary yet binding pledge to align their portfolios with the 1.5-degree climate target set by the Paris Agreement.