The six biggest banks in the US have all quit the global banking industry’s Net Zero Banking Alliance (NZBA).
About Net Zero Banking Alliance (NZBA)
- Bank-led and UN-convened, the Net Zero Banking Alliance is a group of leading global banks committed to aligning their lending, investment, and capital markets activities with net-zero greenhouse gas emissions by 2050.
- It is convened by the UN Environment Programme finance initiative.
- NZBA’s framework, guidance, and learning opportunities support members to design, set, and achieve credible science-based net-zero targets for 2030 or sooner that deliver value for their investors and clients.
- NZBA is the climate accelerator for UNEP FI’s Principles for Responsible Banking (PRB).
