The industry-led, UN-convened Net-Zero Banking Alliance brings together a global group of banks, currently representing over 40% of global banking assets, which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050.
Combining near-term action with accountability, this ambitious commitment sees signatory banks setting intermediate targets for 2030 or sooner using robust, science-based guidelines.
NZBA is the flagship climate initiative under the Principles for Responsible Banking to accelerate science-based climate target setting and develop common practice. As the banking alliance within the global efforts on net zero across the finance industry brought together under GFANZ, the NZBA is open to all banks globally, including banks that are not UNEP FI members and Principles for Responsible Banking signatories.
The Alliance reinforces, accelerates and supports the implementation of decarbonisation strategies, providing an internationally coherent framework and guidelines in which to operate, supported by peer-learning from pioneering banks. It recognises the vital role of banks in supporting the global transition of the real economy to net-zero emissions.
The Alliance is convened by the UN Environment Programme Finance Initiative, and is a part of the Race to Zero. In addition, the Alliance also executes coordinated advocacy and alignment as the banking element of the Glasgow Financial Alliance for Net Zero and the climate-focused element of the Principles for Responsible Banking.
The commitment and guidelines
The pioneering banks in the Alliance
Become a member of the Alliance
09 November 2022
Net-Zero Banking Alliance first progress report: significant achievement with over 50% setting intermediate decarbonisation targets
09 November 2022