NZBA loses another major member as Swiss bank UBS withdraws
UBS recently delayed its operational emissions target and scrapped ESG-linked compensation.
UBS has left the Net Zero Banking Alliance (NZBA), following a mass exodus from major banks in the US, Canada, UK and Australia.
The Swiss bank, which recently appointed Christian Leitz as its new Chief Sustainability Officer, joined NZBA as a founding member in 2021, but has now decided to withdraw, âlike a number of [its] global peersâ.
