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Al Gore Calls Out ‘Greenwashing’ Risks as Funds Quit Green Club

  • GFANZ loses two pension funds in first official defections
  • Gore says it’s ‘apparent’ not all pledges were meaningful
Al Gore

Al Gore

Photographer: Ian Forsyth/Getty Images 

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Al Gore, the former US vice president turned climate activist, said investors are growing increasingly impatient with evidence of potential “greenwashing” amid signs that net-zero pledges made by some members of the financial industry weren’t credible.

Gore, who spoke in an interview just before Climate Week in New York got under way last week, said commitments made by members of the No. 1 green club for bankers and investors -- the Glasgow Financial Alliance for Net Zero -- are “very welcome” and “not meaningless.”