The Alliance was launched by 43 Founding Members on 21 April 2021 and has since grown to represent over 40% 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.

The Alliance’s primary catalyst for achieving the net-zero transition is the target setting and reporting process embedded within its central Commitment Statement and further outlined in its Guidelines for Climate Target Setting for Banks. Progress in members’ target-setting and reporting is captured in the Alliance Progress Report. The below table offers updated information on and links to Alliance members’ published decarbonisation targets.

Latest Membership Stats¹

 

126

Banks

41

Countries

US$ 73trn

Total Assets

41%

of global banking assets

 

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

Signatory Region Country Date signed First Targets Due Link to Published Targets
ABANCA Corporación Bancaria S.A Europe Spain May 21 Sep 22

link

ABN AMRO BANK N.V. Europe Netherlands Dec 22 Jun 24
AIB Group Plc Europe Ireland Apr 21 Oct 22

link

Amalgamated Bank North America USA Apr 21 Sep 22

link

Australia & New Zealand Banking Group Limited (ANZ) Asia Pacific Australia Oct 21 Apr 23

link

BAC Credomatic Latin America & Caribbean Costa Rica Oct 21 Apr 23
Banca Ifis Europe Italy Oct 21 Apr 23

link

Banca Monte dei Paschi di Siena S.p.A. Europe Italy Jan 22 Jul 23
Banco Bradesco S.A. Latin America & Caribbean Brazil Jul 21 Jan 23
Banco de Crédito Social Cooperativo (Grupo Cooperative Cajamar) Europe Spain Jun 22 Dec 23
Banco de la Produccion S.A Produbanco Latin America & Caribbean Ecuador Apr 21 Sep 22

link

Banco Mercantil del Norte, S.A. Institución de Banca Multiple Grupo Financiero Banorte. Latin America & Caribbean Mexico Apr 21 Oct 22

link

Banco Pichincha C.A. Latin America & Caribbean Ecuador Jan 22 Jul 23
Banco Promerica (Costa Rica) Latin America & Caribbean Costa Rica Apr 21 Sep 22

link

Banco Sabadell S.A. Europe Spain Oct 21 Apr 23
Banco Santander S.A. Europe Spain Apr 21 Sep 22

link

BancoEstado Latin America & Caribbean Chile Sep 21 Mar 23
Bancolombia SA Latin America & Caribbean Colombia Apr 21 Oct 22

link

Bank of Åland Plc Europe Finland Apr 21 Oct 22

link

Bank of America North America USA Apr 21 Oct 22

link

Bank of New Zealand (BNZ) Asia Pacific New Zealand Oct 21 Apr 23
Bankinter Europe Spain Oct 21 Apr 23
Banpro Grupo Promerica Latin America & Caribbean Nicaragua Apr 21 Sep 22

link

Banque et Caisse d’Epargne de l’Etat, Luxembourg Europe Luxembourg Oct 21 Apr 23
Barclays Group plc Europe United Kingdom Apr 21 Oct 22

link

Basellandschaftliche Kantonalbank Europe Switzerland Oct 21 Apr 23
BBVA Group Europe Spain Apr 21 Sep 22

link

Berner Kantonalbank Europe Switzerland Feb 22 Aug 23
Blue Ridge Bank North America USA Dec 21 Jun 23
BMO Financial Group North America Canada Oct 21 Apr 23

link

BNP Paribas Europe France Apr 21 Sep 22

link

BPER Banca S.p.A. Europe Italy Mar 22 Aug 23
Caixa Geral de Depósitos (CGD) Europe Portugal Jun 21 Dec 22
Caixabank Europe Spain Apr 21 Oct 22

link

Canadian Imperial Bank of Commerce (CIBC) North America Canada Oct 21 Apr 23
CIMB Bank Berhad Asia Pacific Malaysia Sep 21 Sep 22

link

Citi North America USA Apr 21 Oct 22

link

Climate First Bank North America USA Dec 21 Jun 23
Close Brothers Group plc Europe United Kingdom Sep 22 Mar 24
Coast Capital North America Canada Dec 21 Jun 23
Commercial International Bank (CIB) Africa & Middle East Egypt Apr 21 Oct 22

Under review by Secretariat

Commerzbank AG Europe Germany Apr 21 Oct 22

link

Commonwealth Bank of Australia Asia Pacific Australia Jan 22 Jul 23

link

Coöperatieve Rabobank U.A. Europe Netherlands Nov 21 Apr 23
Crédit Agricole S.A. Europe France Jun 21 Sep 22

link

Crédit Mutuel Europe France May 21 Nov 22
Crédit Mutuel Arkéa Europe France Nov 22 May 24
Credit Suisse Europe Switzerland Apr 21 Oct 22

link

CS Ahorro y Crédito Latin America & Caribbean Costa Rica Apr 21 Oct 22

link

Danske Bank A/S Europe Denmark Oct 21 Apr 23

link

DBS Bank Ltd. Asia Pacific Singapore Oct 21 Apr 23

link

Deutsche Bank AG Europe Germany Apr 21 Oct 22

link

Ecology Building Society Europe United Kingdom Apr 21 Sep 22

link

Erste Group Bank AG Europe Austria Oct 21 Apr 23
Fana Sparebank Europe Norway Apr 21 Sep 22

link

First Abu Dhabi Bank P.J.S.C. Africa & Middle East United Arab Emirates Oct 21 Apr 23
Garanti Bank Europe Türkiye (Republic of) Aug 21 Mar 23
GLS Bank eG Europe Germany Apr 21 Sep 22

Under review by Secretariat

Groupe BPCE Europe France Jun 21 Dec 22

link

Hana Financial Group Asia Pacific South Korea May 22 Nov 23

link

HSBC Holdings plc Asia Pacific and Europe Australia and United Kingdom Apr 21 Oct 22

link

IBERCAJA BANCO S.A. Europe Spain Apr 21 Oct 22

link

IDLC Finance Limited Asia Pacific Bangladesh Apr 21 Sep 22

Under review by Secretariat

Industrial Bank of Korea (IBK) Asia Pacific South Korea Sep 21 Mar 23
ING Europe Netherlands Aug 21 Sep 22

link

Intesa Sanpaolo Europe Italy Oct 21 Apr 23

link

Investec group Africa & Middle East South Africa Oct 21 Apr 23
Íslandsbanki hf. Europe Iceland Apr 21 Oct 22

link

Itaú Unibanco Holding S.A. Latin America & Caribbean Brazil Oct 21 Apr 23

link

JB Financial Group Asia Pacific South Korea Aug 21 Feb 23

link

JPMorgan Chase North America USA Oct 21 Apr 23

link

KB Financial Group Inc. Asia Pacific South Korea Apr 21 Sep 22

link

KCB Africa & Middle East Kenya Apr 21 Sep 22

Under review by Secretariat

La Banque Postale Europe France Apr 21 Sep 22

link

LGT Private Banking Europe Liechtenstein Apr 21 Oct 22

link

Liechtensteinische Landesbank AG Europe Liechtenstein Aug 21 Feb 23

link

Lloyds Banking Group Europe United Kingdom Apr 21 Oct 22

link

Macquarie Group Asia Pacific Australia Oct 21 Apr 23
Mediobanca Europe Italy Nov 21 May 23

link

Mitsubishi UFJ Financial Group, Inc Asia Pacific Japan Jun 21 Dec 22

link

Mizuho Financial Group, Inc. Asia Pacific Japan Oct 21 Apr 23

link

Morgan Stanley North America USA Apr 21 Oct 22

link

National Australia Bank Limited Asia Pacific Australia Dec 21 Nov 22

link

National Bank of Canada North America Canada Oct 21 Apr 23
Nationwide Building Society Europe United Kingdom Jun 21 Dec 22

link

NatWest Group Europe United Kingdom Apr 21 Oct 22

link

NLB Group Europe Slovenia May 22 Nov 23
Nomura Holdings, Inc. Asia Pacific Japan Sep 21 Mar 23
NongHyup Financial Group Asia Pacific South Korea May 22 Nov 23
Nordea Bank Abp Europe Finland Oct 21 Sep 22

link

Nykredit A/S Europe Denmark Oct 22 Apr 24
OakNorth Bank Europe United Kingdom Feb 22 Aug 23

link

OCBC Bank Asia Pacific Singapore Oct 22 Apr 24
OSB GROUP PLC Europe United Kingdom Feb 22 Aug 23
ProCredit Holding AG & Co. KGaA Europe Germany Nov 22 May 24
REPUBLIC FINANCIAL HOLDINGS LIMITED Latin America & Caribbean Trinidad and Tobago Apr 21 Oct 22

link

Royal Bank of Canada North America Canada Oct 21 Apr 23
Scotiabank (Bank of Nova Scotia) North America Canada Oct 21 Apr 23

link

Shinhan Financial Group Asia Pacific South Korea Apr 21 Oct 22

link

Skandinaviska Enskilda Banken (SEB) Europe Sweden Apr 21 Oct 22

link

Société Générale Europe France Apr 21 Sep 22

link

Sovcombank Europe Russia Dec 21 Sep 22

link

SpareBank 1 Østlandet Europe Norway Apr 21 Oct 22

link

Standard Chartered plc Europe United Kingdom Apr 21 Sep 22

link

Sumitomo Mitsui Financial Group, Inc. Asia Pacific Japan Oct 21 Apr 23

link

Sumitomo Mitsui Trust Holdings, Inc. Asia Pacific Japan Oct 21 Apr 23

link

Svenska Handelsbanken Europe Sweden Apr 21 Oct 22

link

Swedbank AB Europe Sweden May 21 Nov 22

link

TD Bank Group North America Canada Oct 21 Apr 23

link

The City Bank Limited Asia Pacific Bangladesh Mar 22 Sep 23
The Goldman Sachs Group, Inc. North America USA Oct 21 Apr 23

link

Triodos Bank NV Europe Netherlands Apr 21 Sep 22

link

TSB Bank Europe United Kingdom Nov 21 May 23
Türkiye Halk Bankasi A.S. (HALKBANK) Europe Türkiye (Republic of) May 22 Nov 23
Türkiye İş Bankası A.Ş. (Işbank) Europe Türkiye (Republic of) Apr 22 Oct 23
Turkiye Sinai Kalkinma Bankasi (TSKB) Europe Türkiye (Republic of) Sep 22 Mar 24
UBS AG Europe Switzerland Apr 21 Oct 22

link

UniCredit Europe Italy Oct 21 Apr 23
UOB Asia Pacific Singapore Oct 22 Apr 24
Vancity North America Canada Apr 21 Oct 22

link

Virgin Money UK PLC Europe United Kingdom Oct 21 Apr 23
VP Bank Group Europe Liechtenstein Sep 21 Mar 23
Wells Fargo & Company North America USA Oct 21 Apr 23

link

Westpac Banking Corporation Asia Pacific Australia Jul 22 Jan 24

link

WOORI FINANCIAL GROUP Asia Pacific South Korea Oct 22 Apr 24
Zürcher Kantonalbank Europe Switzerland Dec 22 Jun 24


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.”

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."

Sovcombank
Dmitry Gusev, Chairman of the Management Board
Sovcombank

“National climate priority has strengthened our pathway to low carbon development and carbon neutrality. We are delighted to join the world's leading banks and strengthen our ambitious plans to reduce greenhouse gas emissions.”

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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[1] Source: UNEP FI, S&P Global 2021 and member banks. Percentage of global banking assets is benchmarked to the FSB Global Monitoring Report 2021 and may fluctuate over time depending on market conditions.