Archive

NZBA 'to cease operations immediately'

The Net Zero Banking Alliance (NZBA) is to "cease operations immediately" after members voted to transition from a member-based alliance to a framework.

NZBA members recommit to climate goals as key vote looms

Several members of the Net-Zero Baking Alliance (NZBA) have reiterated their commitment to achieving their net-zero goals ahead of a key vote on its future.

NZBA halts activity as it calls vote on structure

The Net-Zero Banking Alliance (NZBA) has paused all activity ahead of a member vote on its future structure following the exit of a number of signatories.

Barclays becomes the latest to exit NZBA

Barclays has left the Net-Zero Banking Alliance (NZBA) after claiming the exit of "most of the global banks" means it "no longer has the membership to support our transition".

NZBA ditches requirement to target 1.5°C alignment to give banks more 'flexibility'

The Net-Zero Banking Alliance (NZBA) has approved changes to its framework to no longer require targeting 1.5°C alignment - instead allowing members to choose from "a wider range of net-zero pathways ... to limit global temperature rise to 'well below 2°C' and to strive for 1.5°C".

NZBA should be 'more ambitious' amid bank departures, says ShareAction

The Net-Zero Banking Alliance (NZBA) needs to 'set more ambitious standards' in response to the departure of major US banks in the past month, an NGO has claimed.

Morgan Stanley follows Citi, BofA out of Net Zero Banking Alliance

US banks Morgan Stanley, Citi and Bank of America have all left the Net-Zero Banking Alliance (NZBA), adding momentum to an exodus from sector-specific initiatives under the Glasgow Financial Alliance for Net Zero (GFANZ).

NZBA hits back at 'premature' criticism

It is "premature" to criticise members of the Net-Zero Banking Alliance (NZBA) for not overhauling their practices to tackle climate change because the initiative is still young, it has argued.

NZBA has little impact on decarbonisation, ECB paper says

Signatories to the Net-Zero Banking Alliance (NZBA) "are neither divesting nor engaging differently from banks without a climate commitment," a group of economists said in a report.

NZBA updates guidelines on climate target setting