Archive

NZBA to publish accountability mechanism in 'coming weeks'

The Net Zero Banking Alliance (NZBA) will in "coming weeks" publish details of its procedure for engaging with members not meeting their commitments, ahead of a deadline for the founding members of UN-convened alliance to report their targets.

NZBA welcomes first Chinese member but suffers second bank exit

The Bank of East Asia (BEA) has become the first Chinese member of the Net Zero Banking Alliance (NZBA), but US lender Blue Ridge Bank also became only the second member to "withdraw from" the UN-convened industry group.

NZBA grows to 136 banks as 'milestone' targets date looms

The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.

NZBA branch launches agriculture report

SMTB: Companies concerned about our decarbonisation goals

Corporate clients of Sumitomo Mitsui Trust Bank (SMTB) are concerned about the bank's decarbonisation commitment, an executive has said.

Is the criticism of GFANZ justified?

The Glasgow Financial Alliance for Net Zero is much maligned, but ultimately it aims to be a force for good, argues Thomas Cox

GFANZ banks give 'little evidence' of short-term climate plans

The short-term climate targets of the largest banks in the world are insufficient despite their membership of Glasgow Financial Alliance for Net Zero (GFANZ), a report has found.

NZBA pumped $38bn into oil and gas since launch

25 members of the Net Zero Banking Alliance (NZBA) have financed at least $38 billion of oil and gas funding since the group's launch under a year ago, according to pressure group ShareAction.

Banking on net zero ... by 2050

The Net Zero Banking Alliance has attracted some of the world's biggest lenders. What has been achieved so far, asks Thomas Cox