The announcement of the immediate dissolution of the Net Zero Banking Alliance finally puts an end to its sad spiral of decline. But very little will change in practice, as the NZBA had already…

US banks have already pulled out of NZBA, the UN environment programme’s finance initiative

US banks have already pulled out of NZBA, the UN environment programme’s finance initiative

US banks have already pulled out of NZBA, the UN environment programme’s finance initiative

The Royal Bank of Canada and the Bank of Montreal are signalling that they’re reconsidering their membership in the Net Zero Banking Alliance (NZBA), part of a global network that UN Climate Finance E...

Retreat of major banks from climate alliances coincides with $162bn rise in fossil fuel financing, says latest analysis of oil, gas and coal financing.

Los seis mayores bancos de Estados Unidos –JP Morgan, Citigroup, Bank of America, Morgan Stanley, Wells Fargo y Goldman Sachs– han abandonado la Alianza Bancaria Cero Emisiones (NZBA en inglés), un grupo internacional de entidades financieras comprometidas con la neutralidad carbónica impulsado por Naciones Unidas.

The departure of US financial institutions from the Net Zero Banking Alliance and other net-zero commitment groups raises questions about the effectiveness of voluntary associations.

みずほフィナンシャルグループは国連主導の脱炭素枠組み「ネットゼロ・バンキング・アライアンス（NZBA）」から脱退した。NZBAはネットゼロを目指す金融機関による国際的枠組みだが、トランプ政権下で、化

Net-Zero Banking Alliance (NZBA) members vote overwhelmingly in favour of adopting proposed changes to the NZBA framework, concluding a strategic review that has been underway for a year. The vote...

Several major banks that helped set up the UN’s now-defunct Net-Zero Banking Alliance (NZBA) in 2021 have since continued to lend money to coal companies, a new report has revealed. Bank of America, Barclays, Citibank, Deutsche Bank and Santander were heavily involved in the NZBA and the associated Glasgow Financial Alliance for Net Zero (GFANZ) when it was launched by Mark Carney, then a UN climate envoy and now Canada's leader, in the run-up to the COP26 climate summit in Glasgow. Despite their involvement, data released this week shows those banks and some others did not reduce the amount of money they lent, nor the value of their underwriting, to coal activities between 2022 and 2025. Around half of the NZBA members who were engaged in coal financing over that time increased it and half cut it, according to the report by German environmental research group Urgewald. Ana Botín, executive chair of Santander, was a member of the GFANZ CEO principals' group and said at the time of the NZBA launch that her Spanish bank was “proud to be part of the founding members of this new alliance and to accelerate progress towards net zero”. Since then, the report’s data...

Euroopa suurpangad kaaluvad pärast USA pankade lahkumist samuti oma liikmestaatust rahvusvahelises kliimameetmete edendamisele suunatud panganduskoostöö formaadis Net Zero Banking Alliance (NZBA).

Los seis mayores bancos de Estados Unidos –JP Morgan, Citigroup, Bank of America, Morgan Stanley, Wells Fargo y Goldman Sachs– han abandonado la Alianza Bancaria Cero Emisiones (NZBA en inglés), un grupo internacional de entidades financieras comprometidas con la neutralidad carbónica impulsado por Naciones Unidas.

Four of our largest banks have recently withdrawn from the UN-backed Net-Zero Banking Alliance (NZBA). This may seem like a setback for climate progress

Discover why HSBC left the Net-Zero Banking Alliance amid rising anti-ESG sentiment, impacting global climate goals and financial sector strategies.