In the lead up to the inauguration, the six largest US banks left a voluntary alliance with the UN to reach net zero by 2050.

New Zealand’s competition regulator is investigating whether membership of the Net-Zero Banking Alliance, the global lending sector’s main climate group, is in breach of local anti-cartel laws.

What is the Net Zero Banking Alliance (NZBA) and why is it in jeopardy with Trump taking office for a second term?

Net Zero Banking Alliance revises climate rules post big banks' exit. Discover potential impacts of these changes on their ...

The world's leading climate coalition for the banking sector is canvassing members over changes to its rules, its chair told ...

MUFG follows Tokyo-based rivals Nomura Holdings and Sumitomo Mitsui Financial Group in leaving the Net-Zero Banking Alliance.

Nomura said it will stick to its target set four years ago, to deploy $125 billion of sustainable financing through March ...

With efforts to combat global warming likely stalled amid a shift in U.S. policy and eroding global cooperation, banks are ...

More than 130 of the world's top banks in the Alliance are expected to be asked to vote on rowing back their climate goals in ...

UBS said the delay reflected its “enlarged corporate real estate portfolio” following the state-orchestrated takeover of Credit Suisse in 2023. The bank previously said it would take a $400 million ...

LONDON, TOKYO] Mitsubishi UFJ Financial Group (MUFG) plans to leave the banking industry’s largest climate alliance, joining domestic peers in walking away from a group abandoned by US and Canadian ...

A review into the Net Zero Banking Alliance's (NZBA) membership rules has been underway for more than a year, but pressure has mounted on the organisation since climate-sceptic Donald Trump won a ...