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Net-Zero Banking Alliance
October 7 , 2025
5 hrs 0 min
7
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- The Net-Zero Banking Alliance (NZBA), launched in 2021 to drive banking sector decarbonisation, is ending operations.
- The closure follows a mass exit of banks amid U.S. political pressure and antitrust concerns.
- NZBA’s climate target-setting guidance will remain available for banks to use.
- This shutdown is similar to recent closures of climate initiatives in the insurance and asset management industries.
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