Goldman Sachs leaves NZBA ahead of capital market emissions requirements
Earlier this year, Goldman Sachs AM also left Climate Action 100+ ahead of more stringent guidelines around oil and gas financing.
Goldman Sachs is the first high-profile bank to leave the Net Zero Banking Alliance ahead of new requirements to include capital market emissions in climate targets.
The US bank did not give a precise reason for its decision to leave the alliance, which requires members to set targets to decarbonise their business in line with the goals of the Paris Agreement.
