Reports: Net Zero Banking Alliance members to vote on ditching 1.5C pledge

Michael Holder
clock • 4 min read
Credit: iStock
Image:

Credit: iStock

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 response to intensifying backlash against ESG policies

Some of the world's biggest banks are reportedly set to vote on whether or not to ditch the joint commitment made through the Net Zero Banking Alliance (NZBA) to align their collective multi-trillion-dollar...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Climate education game start-up secures £30,000 backing on BBC's Dragons Den

Survey: Businesses view energy security as key enabler of clean energy transition

More on Investment

The private sector's commitment to sustainability is far from fading - it's evolving, deepening, and accelerating
Investment

The private sector's commitment to sustainability is far from fading - it's evolving, deepening, and accelerating

While politicians get a lot of media attention by injecting heat into the debate on decarbonisation, boardrooms are increasingly seeing the light, writes WWF-UK's Josephine Quint

Josephine Quint, WWF-UK
clock 27 October 2025 • 3 min read
Pension Protection Fund reveals majority of portfolio working to be net zero aligned
Investment

Pension Protection Fund reveals majority of portfolio working to be net zero aligned

Sustainability report confirms three quarters of its portfolio by value is covered by carbon footprint metrics

Jasmine Urquhart, Professional Pensions
clock 27 October 2025 • 3 min read
Failed low-carbon transition could wipe one third of pension fund returns
Investment

Failed low-carbon transition could wipe one third of pension fund returns

Ortec Finance finds high warming scenario could slash projected returns from pension funds by 2050

Jasmine Urquhart, Professional Pensions
clock 23 October 2025 • 2 min read