Net Zero Banking Alliance - CSO Futures

🌙 ☀️

Sign in Join

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

Climate Targets

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

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

05 March 2025

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

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.

25 February 2025

Net Zero Banking Alliance exodus reaches Australia

Sustainable Finance

Net Zero Banking Alliance exodus reaches Australia

Macquarie Group has decided to end its membership.

11 February 2025

Wells Fargo announces Chief Sustainability Officer replacement

People & Culture

Wells Fargo announces Chief Sustainability Officer replacement

Jeffrey Schub has been named Head of Sustainability.

06 February 2025

Your guide to 2025 ESG reporting (with deadlines)

CSO Futures Weekly

Your guide to 2025 ESG reporting (with deadlines)

A global view of new disclosure requirements, a bright future for sustainability jobs and US banks' exodus from a climate alliance.

09 January 2025

JP Morgan completes Wall Street’s exodus from Net Zero Banking Alliance

JP Morgan completes Wall Street’s exodus from Net Zero Banking Alliance

All six of the top US banks have now left the climate alliance, two weeks before Donald Trump begins his second term.

07 January 2025

Concerns grow over banks’ climate commitments as GFANZ loosens mandate

Sustainable Finance

Concerns grow over banks’ climate commitments as GFANZ loosens mandate

The move comes after several financial institutions decided to leave UN-backed climate initiatives, such as NZBA.

06 January 2025

Goldman Sachs leaves NZBA ahead of capital market emissions requirements

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.

10 December 2024

Most NZBA member banks have now set climate targets

Sustainable Finance

Most NZBA member banks have now set climate targets

Most of the banks that have not met their target-setting requirements are in emerging markets.

03 October 2024

Global banks set to include capital market emissions in net zero targets

Policy & Standards

Global banks set to include capital market emissions in net zero targets

The second version of the NZBA guidelines reflect improvements in financed emissions calculation methodologies and data quality.

14 March 2024