Net Zero Banking Alliance

NZBA’s fate to be decided by the end of September

The alliance has paused its activities while remaining members vote on its future.

Melodie Michel

28 August 2025

Net Zero Banking Alliance

NZBA loses another major member as Swiss bank UBS withdraws

UBS recently delayed its operational emissions target and scrapped ESG-linked compensation.

Melodie Michel

11 August 2025

Banking

Barclays exits Net Zero Banking Alliance

The bank said the departure of global banks means "the organisation no longer has the membership to support our transition".

Melodie Michel

01 August 2025

Banking

Green economy businesses leave HSBC after bank’s NZBA exit

“All companies that believe in net zero should ditch HSBC.”

Melodie Michel

16 July 2025

Fossil fuels

Bank financing to fossil fuels grows for the first time since 2021

"Only rapid and robust binding government regulation and oversight can make banks change course."

Melodie Michel

20 June 2025

Climate Targets

NZBA softens climate target requirements for members

The move comes after many US, Canadian and Australian banks left the initiative.

Melodie Michel

15 April 2025

Climate Targets

Wells Fargo drops net zero target in ‘cowardly and shortsighted’ move

“Investors expect banks to mitigate risk, not accelerate it.”

Melodie Michel

05 March 2025

Sustainable Finance

Anti-ESG pushback: a chance for sustainable finance to grow into its own

Watering down sustainability regulations means losing an important lever for sustainable finance – but other crucial drivers remain intact.

Melodie Michel

25 February 2025

Sustainable Finance

Net Zero Banking Alliance exodus reaches Australia

Macquarie Group has decided to end its membership.

Melodie Michel

11 February 2025

People & Culture

Wells Fargo announces Chief Sustainability Officer replacement

Jeffrey Schub has been named Head of Sustainability.

Melodie Michel

06 February 2025