K.Reichert
Over the past year, the NZBA, which was founded in 2021 and declares its goal of achieving net-zero greenhouse gas emissions by 2050 or earlier, has lost almost all of its members in North America and significantly weakened its position in Japan, Australia and Europe.
Wall Street banks began leaving the NZBA after the election of Donald Trump as US President, who helped strengthen the anti-climate agenda. Banks in other countries soon followed suit.
Most of the banks that have left the NZBA have said they will stick to their own net-zero targets.
The remaining NZBA members will have to decide whether to continue as a membership organization or transform into an advisory body to help banks meet the targets set out in the Paris climate agreement.
source: bloomberg.com
Wall Street banks began leaving the NZBA after the election of Donald Trump as US President, who helped strengthen the anti-climate agenda. Banks in other countries soon followed suit.
Most of the banks that have left the NZBA have said they will stick to their own net-zero targets.
The remaining NZBA members will have to decide whether to continue as a membership organization or transform into an advisory body to help banks meet the targets set out in the Paris climate agreement.
source: bloomberg.com