The Alliance was launched by 43 Founding Members on 21 April 2021 and has since grown to represent over a third of global banking assets. We welcome those banks who have joined from the UN Principles for Responsible Banking and Collective Commitment to Climate Action, and from the Prince of Wales’ Sustainable Markets Initiative Financial Services Taskforce, as well as all other banks who have shown leadership by joining the Alliance. We encourage banks worldwide to join the Alliance ahead of the UN Climate Change Conference in November 2021.

Latest Membership Stats

84

Banks

36

Countries

US$ 64trn

Total Assets

41%

of global banking assets

Source: Member banks, UNEP Finance Initiative, FSB Global Monitoring Report 2020


Region
Country
Founding signatory
Bank Country Date signed
ABANCA Corporación Bancaria S.A Spain May 21
AIB Group Plc Ireland Apr 21
Amalgamated Bank USA Apr 21
Australia & New Zealand Banking Group Limited (ANZ) Australia Oct 21
Banca Ifis Italy Oct 21
Banco Bradesco S.A. Brazil Jul 21
Banco de la Produccion S.A Produbanco Ecuador Apr 21
Banco Mercantil del Norte, S.A. Institución de Banca Multiple Grupo Financiero Banorte. Mexico Apr 21
Banco Promerica (Costa Rica) Costa Rica Apr 21
Banco Santander S.A. Spain Apr 21
BancoEstado Chile Sep 21
Bancolombia SA Colombia Apr 21
Bank of Åland Plc Finland Apr 21
Bank of America USA Apr 21
Bankinter Spain Oct 21
Banpro Grupo Promerica Nicaragua Apr 21
Banque et Caisse d’Epargne de l’Etat, Luxembourg Luxembourg Oct 21
Barclays Group plc United Kingdom Apr 21
BBVA Group Spain Apr 21
BMO Financial Group Canada Oct 21
BNP Paribas France Apr 21
Caixa Geral de Depósitos (CGD) Portugal Jun 21
Caixabank Spain Apr 21
Canadian Imperial Bank of Commerce (CIBC) Canada Oct 21
CIMB Bank Berhad Malaysia Sep 21
Citi USA Apr 21
Commercial International Bank (CIB) Egypt Apr 21
Commerzbank AG Germany Apr 21
Coöperatieve Rabobank U.A. Netherlands Oct 21
Coopeservidores Costa Rica Apr 21
Crédit Agricole S.A. France Jun 21
Crédit Mutuel France May 21
Credit Suisse Switzerland Apr 21
Danske Bank A/S Denmark Oct 21
Deutsche Bank AG Germany Apr 21
Ecology Building Society United Kingdom Apr 21
Erste Group Bank AG Austria Oct 21
Fana Sparebank Norway Apr 21
First Abu Dhabi Bank United Arab Emirates Oct 21
GLS Bank eG Germany Apr 21
Groupe BPCE France Jun 21
HSBC Holdings plc United Kingdom Apr 21
IBERCAJA BANCO S.A. Spain Apr 21
IDLC Finance Limited Bangladesh Apr 21
Industrial Bank of Korea (IBK) South Korea Sep 21
ING Netherlands Aug 21
Intesa Sanpaolo Italy Oct 21
Investec group South Africa Oct 21
Íslandsbanki hf. Iceland Apr 21
J.P. Morgan Chase & Co. USA Oct 21
KB Financial Group Inc. South Korea Apr 21
KCB Kenya Apr 21
La Banque Postale France Apr 21
LGT Private Banking Liechtenstein Apr 21
Lloyds Banking Group United Kingdom Apr 21
Macquarie Group Limited Australia Oct 21
Mitsubishi UFJ Financial Group, Inc Japan Jun 21
Mizuho Financial Group, Inc. Japan Oct 21
Morgan Stanley USA Apr 21
National Bank of Canada Canada Oct 21
Nationwide Building Society United Kingdom Jun 21
NatWest Group United Kingdom Apr 21
Nomura Holdings, Inc. Japan Sep 21
Nordea Bank Abp Finland Oct 21
REPUBLIC FINANCIAL HOLDINGS LIMITED Trinidad and Tobago Apr 21
Royal Bank of Canada Canada Oct 21
Scotiabank (Bank of Nova Scotia) Canada Oct 21
Shinhan Financial Group South Korea Apr 21
Skandinaviska Enskilda Banken (SEB) Sweden Apr 21
Société Générale France Apr 21
SpareBank 1 Østlandet Norway Apr 21
Standard Chartered plc United Kingdom Apr 21
Sumitomo Mitsui Financial Group, Inc. Japan Oct 21
Sumitomo Mitsui Trust Holdings, Inc. Japan Oct 21
Svenska Handelsbanken Sweden Apr 21
Swedbank AB Sweden May 21
TD Bank Group Canada Oct 21
Triodos Bank NV Netherlands Apr 21
UBS AG Switzerland Apr 21
UniCredit Italy Oct 21
Vancity Canada Apr 21
Virgin Money UK PLC United Kingdom Oct 21
VP Bank Group Liechtenstein Sep 21
Wells Fargo & Company USA Oct 21


Amalgamated
Lynne Fox, Chair and Interim President & CEO
Amalgamated Bank

“The banking sector needs to continue to raise the bar for climate solutions and our commitment to the Net-Zero Banking Alliance today is another moment to double down on work to build the clean economy needed to fend off the worst impact of climate change. For nearly 100 years, Amalgamated has used its voice and financial resources to build a more just and sustainable world, which is why we took a leadership role in building the Alliance. The Net-Zero Banking Alliance is exactly the type of commitment needed to ensure that the finance sector continues climate focused investments into the future.”

Bank of America
Brian Moynihan, Co-Chair of the SMI, Chairman & Chief Executive
Bank of America

“This commitment to net-zero by the SMI financial services leaders is an example of the leadership that the CEOs of SMI companies can generate by working together. We will work closely with CEOs from other industry groups and others to continue to drive the other SMI priorities established by His Royal Highness in the Terra Carta earlier this year.”

Barclays
Jes Staley, Group CEO
Barclays

“The creation of GFANZ is a critical step in aligning and working collaboratively across industry to accelerate the transition to net zero emissions. We are pleased to join the Net-Zero Banking Alliance as a founding member and the Race to Zero campaign. It is our ambition to be a net-zero bank by 2050, and we have already begun to align our financing to the Paris Agreement, with specific targets and transparent reporting.”

BBVA
Carlos Torres Vila, Group Chairman
BBVA

Our world needs more ambition [and a global joint effort such as that of the Net-Zero Banking Alliance] to accelerate the change toward a net-zero economy by 2050. At BBVA, we already are carbon-neutral on our own activity and we also want to be so in our indirect emissions, taking into account those related to our clients. We want to lead this transformation, supporting society in its transition toward a more sustainable future.

BNP Paribas
Jean-Laurent Bonnafé, Director and Chief Executive Officer
BNP Paribas

"The signing of a common net-zero carbon commitment, with intermediate targets, is a decisive step in the financial sector’s mobilisation in the defense of our climate. Since COP 21 in 2015, BNP Paribas has committed to gradually aligning its credit portfolio with the objectives of the Paris Agreement. We began by disengaging from the most polluting activities like shale gas or coal and setting ourselves very ambitious targets for supporting green technologies. We are now mobilised to meet the broader challenge of systematically encouraging and supporting transformation for all our clients."

CaixaBank
Gonzalo Gortázar, CEO
CaixaBank

"We are very pleased to be part of this global alliance since its inception. Financial institutions can and must play a key role in driving the world towards Net-Zero and we at Caixabank want to be leading this effort. Our commitment to the promotion of sustainable development and the improvement of our planet is irrevocable."

CIB
Hussein Abaza, CEO and Board Member
CIB

"CIB’s journey to enact sustainable finance enabled us to realize the symbiotic relationship between the environment and finance. To sustain inclusive growth, banks should consciously revise their business models to factor in carbon emissions that result from their financial transactions. By joining the Net-Zero Banking Alliance, CIB is making a conscious commitment to collaborate with banks to chart meaningful and quantifiable progress towards carbon neutrality and advocate its scalability across the banking industry."

Commerzbank
Manfred Knof, CEO
Commerzbank

“By voluntarily committing ourselves to net-zero we underline our decisiveness to actively contribute to the sustainable transformation of society and the economy. In the run-up to this year's World Climate Conference in Glasgow, where the realisation of the Paris Climate Agreement will be the prevailing topic, we are thus sending a clear signal"

Coopservidores
Oscar Hidalgo, CEO
Coopeservidores

"By signing the Net-Zero Banking Alliance, Coopeservidores is taking a step forward in the right path for the future of our country, the planet and the next generations, aligning our funding towards net zero emissions before 2050. By joining efforts for a second time with UNEP FI to create a more sustainable world, Coopeservidores reinforces the work we have been doing for the Principles for Responsible Banking signed in 2019, and in sustainability over a decade ago. We will strengthen our commitment with the neutrality of our operations, but we will also involve our credit portfolio in this effort and extend our responsibility by promoting more sustainable commercial alliances."

Crédit Agricole S.A.
Philippe Brassac, CEO
Crédit Agricole S.A.

“The urgency of climate change calls for an acceleration of the transition process for economies and societies. By joining the alliance, we are actively committed to contributing to this goal of carbon neutrality so that together, public and private players, we can succeed in the challenge of a fair, universal and respectful transition for our planet.”

Deutsche Bank
Christian Sewing, CEO
Deutsche Bank

“Banks will play a crucial role in the fight against climate change, and the creation of the Net-Zero Banking Alliance is an important step forward to developing coordinated, accelerated action. We are proud to be a founding member of the Net-Zero Banking Alliance and to commit to making our portfolio net-zero carbon by 2050 at the latest. We look forward to playing an active role in the work of the alliance.”

Ecology Building Society
Paul Ellis, Chief Executive
Ecology Building Society

"Given the scale of the climate and ecological crisis the banking sector needs to work together in the urgent fight against catastrophic climate change, unlocking the financial solutions to deliver net-zero.
Ecology has been pioneering environmental finance for 40 years so signing up to the Net-Zero Banking Alliance wasn’t a difficult decision for us. Our members expect us to agitate for positive change and we hope that these concerted efforts will rapidly deliver both the ambition and actions to accelerate the shift to a low-carbon economy and build a sustainable future."

Handelsbanken
Carina Åkerström, CEO
Handelsbanken

"We recognise the vital role of banks in supporting the transition of society to net-zero emissions. We must ensure that we reduce our own direct climate impact, and plan to increase the pace even more. By joining the Net-Zero Banking Alliance we are not only supporting change but also committing to being an active partner in it – through giving advice, directing finance, engaging and collaborating with both our customers and other stakeholders."

HSBC
Noel Quinn, Chair of SMI Financial Sector Taskforce and Group Chief Executive
HSBC

“A commitment to financing the transition to net zero is essential. It’s important that the banking sector is committed to providing the financial support needed to help customers on that transition. But we have to establish a robust and transparent framework for monitoring progress against that objective and we want to set that standard for the banking industry. Industry-wide collaboration is essential in achieving that goal. I’m delighted that banks from the SMI Financial Services Taskforce have joined forces to establish the Net-Zero Banking Alliance.”

Íslandsbanki
Birna Einarsdóttir, CEO
Íslandsbanki

“Íslandsbanki is committed to reach net zero emissions by 2040, supporting Iceland’s ambitious Climate Action Plan and the Government’s declared objective of achieving carbon neutrality 10 years ahead of the Paris agreement. In order to reach this goal, it is vital that Icelandic businesses participate actively in measures that in many cases will demand large-scale investment. Íslandsbanki is determined to being a force for good in the Icelandic economy and drive the transition to a carbon neutral society. Teaming-up with leading global banks through the Net-Zero Banking Alliance will help accelerate our journey and hopefully inspire other banks to follow our lead.”

LGT Group
Olivier de Perregaux, CEO
LGT Group

"We are delighted to be one of the founding members of this pioneering initiative. For us, this commitment is another logical step in our comprehensive sustainability strategy. As an international private bank that operates around the globe, we are convinced that banking and the entire financial sector must become stronger advocates for sustainability – and the sooner, the better. This is the only way we can work together with other sectors and stakeholders to achieve the ambitious climate targets required to halt the catastrophic consequences of climate change. The measures of the Net-Zero Banking Alliance point the way and are an important step in the right direction."

Lloyds Banking Group
António Horta-Osório, Group Chief Executive
Lloyds Banking Group

“Climate change is the challenge of our generation and generations to come. Finance will play an important role in helping to incentivise a just and smooth transition. We’re committed to playing our part and proud to be part of the Net-Zero Banking Alliance. Lloyds will work with its customers, Government and the market to help reduce the emissions it finances by more than 50 per cent by 2030 and be net-zero carbon emissions by 2050 or sooner.”

NatWest Group
Alison Rose, Chief Executive
NatWest Group

"NatWest Group is proud to be one of the UK’s founding members of the Net-Zero Banking Alliance. This further demonstrates our ambition to be the country’s leading bank in helping to address climate change, one of the biggest shared challenges of our time.

We have already committed to halve the impact of our financed emissions by 2030 and we are now joining the ‘Business Ambition to 1.5C’, cementing our ambition to reach net zero before 2050. We are pleased to be working with the other founding members under the leadership of Mark Carney and Nigel Topping, highlighting the important role the banking sector has to play in supporting the transition to a low carbon economy."

Republic Financial Holdings
Nigel M. Baptiste, President & CEO
Republic Financial Holdings Limited

“The adverse effects of the climate crisis on the planet requires bold action and ambitious long-term commitments by all towards a sustainable environment for future generations. We believe the formation of the Net-Zero Banking Alliance is the first of such bold steps being undertaken by global banks and Republic Bank is proud to be one of the founding members towards this climate goal. We are committed to working with our clients to achieve the collective goal of net-zero carbon emissions by 2050 as one of several actions we intend to take on climate action.”

Santander
Ana Botin, Group Executive Chairman
Santander

“If we are to green the world’s economy, we need a truly global effort - banks, companies, governments, regulators and civil society working together at pace. At Santander we are proud to be part of the founding members of this new alliance, and to accelerate progress towards net-zero.”

SEB
Johan Torgeby, President & CEO
SEB

"Climate change is one of the biggest challenges of our times and as a bank we have an important role to play in supporting the transition towards a low-carbon society. We welcome the Net-Zero Banking Alliance initiative, and the opportunity to join forces with other committed members in order to reach the targets set out in the Paris Agreement."

Shinhan Financial Group
Cho Yong-byoung, President & CEO
Shinhan Financial Group

"Shinhan Financial Group hope to play a role in finance towards global Net-Zero through this participation in Net-Zero Banking Alliance. Based on the Shinhan ESG principle by 'Finance for Impact', Shinhan will cooperate with more stakeholders to create an eco-friendly world for future generations."

Société Générale
Frédéric Oudéa, CEO
Société Générale

"We collectively need to accelerate and step up the global ambition to meet the Paris Agreement goals. At Société Générale, we believe in the driving role of banks and in the power of coalitions to pave the way for impactful progress. In line with our corporate purpose and after having been a Founding Signatory of the Principles for Responsible Banking and the Collective Commitment for Climate Action, we are committed now to join the Net-Zero Banking Alliance to build a sustainable future as well as a manageable transition for our economies. This robust international coalition and common frameworks will create a true momentum, alongside our clients and other stakeholders, to limit global warming for generations to come."

Standard Chartered
Bill Winters, Group Chief Executive
Standard Chartered

"The greatest barrier to a net-zero future is financing the associated transition, especially in emerging markets where carbon-intensive sectors experience the most significant capital shortfall. We are proud to be joining the Net-Zero Banking Alliance, working together with our peers to support our clients and communities as they make the necessary changes for a cleaner, greener tomorrow."

UBS
Ralph Hamers, Group CEO
UBS

"Transitioning to a net zero global economy will be essential to avoid the most catastrophic outcomes from climate change. The Net-Zero Banking Alliance will provide a powerful platform and framework for the financial services sector to work on and to identify the fastest, most effective ways forward on this journey. At UBS, we are proud to be a founding member of this important initiative."

Triodos Bank
Peter Blom, Chief Executive Officer
Triodos Bank

"We welcome the Net-Zero Banking Alliance and the commitment of the members to adopt policies and strategies to reach a net-zero economy. We encourage all banks to set targets to reach net-zero well before 2050. We are running out of time and without strong action from all global stakeholders, the Paris climate goals will be out of reach. If that happens, future generations will be forced to cope with the adverse effects of uncontrolled climate change. Triodos Bank stands behind the most ambitious scenario of the Paris Agreement, limiting global temperature rise to at most 1.5°C. Today’s climate emergency can only be addressed when we all accept the responsibility to act and to do so together."

Vancity
Christine Bergeron, CEO
Vancity

“Financial institutions have an enormous economic and social footprint. We must rally that influence to take on the crisis facing our planet and support the shift to a low carbon economy that is clean and fair for everyone. Vancity is proud to be a founding member of the Net-Zero Banking Alliance and to support the global collective effort to limit warming to 1.5°C.”

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