Latest News from the Alliance

21 April 2022

A Vision for Change: The NZBA observes its first anniversary

On 21 April, the Net-Zero Banking Alliance observes its first anniversary. At this milestone, the Alliance looks ahead to the coming year and puts forward a vision for change as it undertakes the next phase of the net-zero commitment.

3 March 2022

NZBA responds to recent research on fossil fuels, coal

Recent research has outlined perceived inconsistencies between the requirements of the Alliance commitment and the activities of its members. The NZBA wishes to reflect the highest level of ambition in its practices even as it balances that ambition against the pragmatic concerns of our current global economy, and so would like to provide more detail on how it is approaching these issues.

19 January 2022

Net-Zero Banking Alliance passes the 100-member mark

In January 2022, the Net-Zero Banking Alliance achieved a critical milestone as it welcomed the 100th signatory to its net-zero commitment. The NZBA now consists of over 100 members, representing 40 countries and over 43% of global banking assets.

25 November 2021

BLOG: COP26 – The moment private finance promised to lead

UNEP FI’s Climate Lead, Remco Fischer reviews the outcomes of COP26 and explains why ultimate climate success or failure depends on leadership from the private and the public sectors coming together, synergising, feeding and boosting each other to create a determined drive of economic decarbonisation. He also highlights the important role of the net-zero finance alliances…

5 November 2021

Net-Zero Banking Alliance at COP 26

On the heels of COP 26 Finance Day, banking industry leaders met in Glasgow to discuss the leadership role of the banking sector towards net-zero under the UN-convened Net-Zero Banking Alliance (NZBA) – a game-changing commitment through which the banking sector is joining forces and mobilising capital at scale to tackle climate change, the defining issue of the 21st century.

3 November 2021

Net-Zero Banking Alliance reaches milestone with over 90 banks committed

Leading the 1.5 Degree Journey: Aligning the Banking Sector Climate change is the defining issue of the century; an existential risk and a code red for humanity. A rapid decarbonisation of our economies with global emissions decreasing by 7.6% every year is required to keep the Paris Agreement’s 1.5 degree goal within reach. To achieve…

27 October 2021

UNEP FI delivers G20 input paper with recommendations for credible net-zero finance commitments

Ahead of the G20 Rome Summit this weekend, UN Environment Programme Finance Initiative (UNEP FI) today publishes its G20 input paper, ‘Recommendations for credible Net-Zero commitments from financial institutions’. UNEP FI is, for the first time, setting out a high-level framework for what a credible, transparent and comparable 1.5°C science-based commitment looks like and what…

6 October 2021

Net-Zero Banking Alliance and Center for Climate-Aligned Finance announce collaboration

The industry-led, UN-convened Net-Zero Banking Alliance is pleased to announce a new collaboration with the Centre for Climate-Aligned Finance. The collaboration is designed to harmonize, develop and implement climate alignment methodologies for financial institutions, focused on sectoral decarbonisation. The Center and the Alliance have a shared ambition for excellence in the pursuit of common goals…

27 July 2021

Net-Zero Banking Alliance announces governance

The industry-led, UN-convened Net-Zero Banking Alliance today appoints a 12-member-strong Steering Group and Chair to oversee decision-making and strategy, guiding the technical work and collective progress of the Alliance. The new governance will allow the Alliance to drive collective and credible progress towards aligning members’ lending and investment portfolios with net-zero emissions by 2050. As well as providing a level of accountability for the…

11 July 2021

Almost a quarter of global banking assets now in the Net-Zero Banking Alliance

The Net-Zero Banking Alliance, established in April 2021 by 43 founding banks, and convened by UNEP Finance Initiative, has now grown to 53 banks from 27 countries with US$ 37 trillion in total assets – representing almost a quarter of banking assets worldwide. Announced at the G20 Venice International Conference on Climate, the 10 members who have joined since the launch of the Alliance are: ABANCA, AIB, Banco Bradesco S.A., Caixa Geral de Depósitos, Crédit Agricole, Crédit Mutuel, Groupe BPCE, MUFG, Nationwide Building Society and Swedbank.

29 June 2021

Mark Carney urges banks to commit to tackling climate change and join the Net-Zero Banking Alliance

In an interview with ITV News, Mark Carney, UN Special Envoy on Climate Action and Finance, urged international lenders to join the Net-Zero Banking Alliance before COP26 begins in Glasgow in November. “The question for those institutions is to get themselves in a position so they can make these commitments,” Mr Carney says. “And, to be clear, these are serious commitments. You are committing to net zero, you’re committing to show how you are going to get there."

Frequently Asked Questions

Download the FAQ

Media Contacts

Cara Wilson, Communications Lead, Banking & Nature, UNEP FI
Adrienne Cleverly, Communications Lead, Net-Zero Banking Alliance, UNEP FI
Sally Wootton, Communications Lead, UNEP FI

Launch event

The Net-Zero Banking Alliance was launched on the 21st April 2021 at the US Climate Action Week, where political and finance leaders came together to launch the Glasgow Finance Alliance for Net Zero.