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Banking, Net Zero Banking, News | 05 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.

Banking, Net Zero Banking, News | 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.

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Banking, Net Zero Banking, News | 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."