Net Zero Banking Alliance exodus reaches Australia
Macquarie Group has decided to end its membership.
Most North American leading banks have now left the UN-convened Net Zero Banking Alliance, and the movement has now reached Australia, with Macquarie announcing its decision to leave today.
Trump’s anti-ESG rhetoric is having consequences on the financial sector far beyond the borders of the United States. Australia’s Macquarie Group published a statement on February 11 announcing that “like many peers”, it would no longer be a member of the Net Zero Banking Alliance (NZBA).
