Tag: Net-Zero Banking Alliance

Net-Zero Banking Alliance renews mandate with increased focus on unlocking opportunities for financing real economy decarbonization

Stuart Mitchell

The Net-Zero Banking Alliance (NZBA), the global initiative supporting banks to lead on climate mitigation in line with the goals of the Paris Agreement, today confirms members have voted overwhelmingly in favour of backing plans to strengthen the support it provides to its members, marking a new phase for the Alliance’s work. The vote follows a year-long strategic review during which all member banks were able to provide input on NZBA’s future direction. The decision builds on the significant achievements of the Alliance since its founding in 2021, including the…

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Triodos Bank joins the Net-Zero Banking Alliance

Stuart Mitchell

Triodos Bank has become one of the first banks to join the Net-Zero Banking Alliance (NZBA) convened by the UN, laying the groundwork for the huge but critical challenge facing the global banking community. The alliance joins the Race to Zero and was co-launched by the Prince of Wales’ Sustainable Markets Initiative Financial Services Taskforce (FSTF). A total of 43 banks from 23 countries (with assets of $28.5 trillion) form Net-Zero Banking Alliance with its members committing to align operational and attributable emissions from their portfolios with pathways to net-zero by…

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